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Benefit Estimation

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Essential Social Security Changes for Retirees Before 2025

Originally Published 1 year ago — by The Motley Fool

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Source: The Motley Fool

To maximize Social Security benefits, everyone should regularly check their estimated benefit amount through their mySocialSecurity account. This simple step helps in planning retirement finances by understanding how much income will need to come from other sources. Despite concerns about Social Security's future due to a cash shortage, the program is not expected to go bankrupt, though planning for potential benefit cuts is advisable.