What is the possibility of future means testing for Social Security benefits vs drawing early benefits today (and possibly investing that for future income)? Congress doesn’t want to touch this political hot button until they have too, possibly when the 2035 funding shortfall arrives. Will the single individual living completely on only their social security check be told to take the same percentage benefit haircut as those who have other financial means? Social Security was not federally taxed for higher income beneficiaries until 1984, and that original rate raised in 1993 for certain beneficiaries. Some say a bird in the hand…..
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What is the possibility of future means testing for Social Security benefits vs drawing early benefits today (and possibly investing that for future income)? Congress doesn’t want to touch this political hot button until they have too, possibly when the 2035 funding shortfall arrives. Will the single individual living completely on only their social security check be told to take the same percentage benefit haircut as those who have other financial means? Social Security was not federally taxed for higher income beneficiaries until 1984, and that original rate raised in 1993 for certain beneficiaries. Some say a bird in the hand…..
Post: Breaking even? Why should anyone care? I don’t
Link to comment from May 18, 2025