3 Things You Need to Know Now About Social Security's Finances

Social Security is one of the most important entitlement programs in U.S. history, and it's in dire financial trouble. Both current and future retirees need to pay attention to the newest trustees report because it's clear that action needs to be taken soon to avoid a disastrous benefits cut within 15 years.

Here's what you need to know about Social Security's finances and how the program's looming future insolvency could affect both your retirement plans and your tax bill.

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