Dear Rusty: I started Social Security about 2 years ago and I thought that the monthly benefit amount stated to me by Social Security in their letter was guaranteed. That written amount was what I based my decision on to retire. Now I hear on the news that we may have to take a 24% reduction in the future. That will make me and millions of other seniors homeless. Was the original amount a guarantee of monthly income, and can the government reduce it whenever they want to? Signed: Anxious Senior
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2 comments about “Ask Rusty – Will My Social Security Be Reduced in the Future?”
Dear Rusty. not everyone has great hearing. It would have been better if a captioned/printed response was available. Yes, I am hearing impaired.
Thank you for your feedback. You can actually get a printed copy of my articles at http://www.SocialSecurityReport.org. At this site, look in the Q&A section for the article you wish (the most recent article will be on top, followed by others previously published). And, of course, if you have any questions about your Social Security options, please don’t hesitate to contact us via email at [email protected], or call us at 1.888.750.2622 during normal EDT business hours.
National Social Security Advisor
The AMAC Foundation