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Some retirees could see their benefits reduced by $10,000 or $20,000 a year if Congress does not act, according to one projection. Richard Stephen / Shutterstock.com
You’ve no doubt caught glimpses of Social Security’s worst-case future, likely from politicians or the media: “The retirement trust fund reserve will run dry in 2033!” and “Benefits will be cut by 23%!” If you’ve ever wondered exactly what such government estimates could mean for you personally, the Center for a Responsible Federal Budget has some ideas. The center recently ran numbers from the…
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