Social Security Reform: Is Your 401(k) Tax-Ready?
Is your retirement plan flexible enough if tax rules change? A Social Security payroll-tax proposal is in the news—but it is a proposal, not enacted law, and it does not establish what your own future income-tax rate will be.
Jean looks at Social Security funding pressure and a practical retirement question: what if most of your savings are in pre-tax accounts? The 2026 Trustees Report projects OASI reserve depletion in 2032, with ongoing revenue sufficient to pay about 78% of scheduled benefits from that fund without legislative changes. That does not mean Social Security payments disappear…
The skinny
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