A Social Security benefit cut is a real possibility. What would you do if this happened?

A better question might be, what could you do with $325 a month? How about with $4,000 a year?

When you look at Social Security benefit slashes that way, it’s clear just how much of an injustice they are. And these figures are not hypothetical. They’re official estimates from Social Security actuaries, who warn these cuts could come as soon as 2033. And those numbers could increase, causing benefits to decrease even further, when this time actually comes.

How to Prepare for Potential Social Security Cuts

For the seniors who have paid into this program for decades, their benefits should be going up, not down. After all, payments have not been fairly adjusted over the years. And for many seniors, specifically 60 percent, they rely on benefits as a primary income source. About 28 percent call them a minor income source.

However, if cuts are coming, seniors should be prepared. What’s the solution for this pressing problem? Plan ahead.

Make sure to diversify your retirement income streams. A 401(k) or IRA, along with investments in stocks and ETFs, for example, can create a comfortable retirement cushion. This will give you more stability and income flexibility as well. Social Security was meant to supplement retirement, not fund it fully. However, that doesn’t mean we’re letting these benefits go without a fight.

If you want to help us stop these cuts from coming to pass. Sign our petition. Not only do we advocate for increased Cost-of-Living Adjustments (COLAs), but we also advocate for reimbursement for years skipped. We’d greatly appreciate your signature and your continued readership to help us protect Social Security and spread the word regarding its future.

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