A New Social Security Garnishment May Be on the Table in 2026 -- and There Are 2 Legal Ways Most Retirees Can Avoid It

For most retirees, Social Security isn't just a monthly check. It represents nothing short of a financial foundation that they'd struggle to make do without.An analysis from the Center on Budget and Policy Priorities finds that 22 million Americans were pulled above the federal poverty line in 2023 by this program, including 16.3 million adults aged 65 and over. If Social Security didn't exist, the poverty rate for seniors would climb almost fourfold from a reported 10.1% in 2023 to an estimated 37.3%. But for potentially millions of Social Security beneficiaries, their monthly payout is far from guaranteed.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool