Monthly Archives: August 2016

Your Social Security Checks May Be Lower Than You Think

Amid countless headlines about the projected Social Security shortfall that could necessitate a 23 percent cut in benefits by 2033, seniors are understandably frustrated by Congress’ failure to address the issue. But many future retirees aren’t aware the following factors could also diminish their Social Security income.   (1) In 2016, seniors who begin drawing Social Security before their full retirement age will see their benefits reduced by $1 for every $2 of earned income… Read More »