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Social Security is considered widely to “Third Railway” In North -American politics, that is, it is so controversial that most politicians avoid touching it.
But 100 days after his second administration, President Donald Trump has not touched the system, but has brought a “crochet”, according to former President Joe Biden.
“This new administration has done so much damage and has done so much destruction. It’s a kind of impressive.” said Biden At a conference in Chicago.
Also aimed at billionaire Elon Musk, who has the team promoted expenditure and staff cuts In the Social Security Administration (SSA) and has called the system “the final ponzi scheme of all time”.
“What the hell do they talk about?” Biden said. “Social Security is more than a government program. It is a sacred promise we did as a nation.”
Democrats and former president are not the only ones alarmed by Trump and Musk’s recent movements in the country’s retirement safety network. Public concerns about the future of the system reached a maximum of 15 years, according to a Recent gallup survey.
If you share these concerns, here are three ways to strengthen retirement income regardless of what happens to Social Security in the future.
With the Risk Social Security Network, it may be a good time to consider the fabric of an independent security network Maximize your tax -protected retirement accounts.
Extend contributions to your 401 (k) or Roth Ira Plans To start creating a self -sufficient retirement fund.
Take -You’s time to learn Health Savings Accounts (HSAS) And start saving for the medical bills that you will have to deal with your older years.
This is also a good time to contact a tax planner or a professional investment consultant to understand how you can strengthen your long -term savings and investment plans.
Most retirees trust in a combination of dividends From the actions, payments of interest of savings accounts and Social Security benefits to finance their retirement. But with the last in Jeopardy, it can be a good idea to consider alternative sources of passive income.