6 Likely Social Security Changes

Washington’s current soap opera, As the Debt Ceiling Turns, is winding down to its season finale. Grand plans for a “big deal,” including changes to Social Security and Medicare, have given way to face-saving efforts to permit the country to issue new debt and still allow the political parties to claim the high ground as they gear up for 2012 election campaigns.

So, for the time being, retirees can breathe a bit easier about changes to their key benefits. Even though nearly every “reform” plan said it would avoid changes for people at or even nearing retirement age, the only good entitlements plan for senior advocacy groups was a dead entitlements plan. It looks like they will get their wish. For now.

But no one expects the issue to go away. And with a large number of deficit reduction proposals circulating during the past several months, it’s possible to get an informed look at the types of changes that will be considered when Congress finally decides it’s kicked the deficit can down the road long enough.

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