If I Could Tell All Retirees 1 Thing About Social Security in 2025, I'd Say to Do This Before You Claim Benefits

Social Security can make or break retirement for millions of older adults. Benefits are a major source of income for 60% of current retirees, according to a 2024 Gallup poll, with an additional 28% saying their benefits are a minor income source.However, the program isn't as reliable as it once was. Between the dwindling trust funds, loss of buying power due to inflation, and political tension threatening the program's future, it's normal to feel concerned about Social Security's future.While most of these issues will be out of the public's hands, there are still a few things you can do to protect your retirement. If I could tell everyone one thing about Social Security in 2025, it's this: Have a backup plan.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool