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Could This Be a Low-Cost Fix for Social Security?

Millions of Americans rely on Social Security for a substantial portion of their retirement plans. Unfortunately, the program's finances are under long-term pressure. Indeed, the Trust Funds that support Social Security's ability to pay benefits are projected to run out of cash in the next couple of decades.

In the slideshow below, you'll see how letting Social Security invest as if it were a well-managed traditional pension plan could substantially extend the life of its Trust Funds. Of course, you'll also read why that's far more easily said than done.

The $60K Social Security bonus most retirees completely overlook

If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could ensure a boost in your retirement income of as much as $60,000. In fact, one MarketWatch reporter argues that if more Americans used them, the government would have to shell out an extra $10 billion... every year! And once you learn how to take advantage of these loopholes, you could retire confidently with the peace of mind we're all after. Simply click here to receive your free copy of our new report that details how you can take advantage of these strategies.

The article Could This Be a Low-Cost Fix for Social Security? originally appeared on Fool.com.

Motley Fool contributor Chuck Saletta isn't eligible to collect Social Security until after the currently expected date when Trust Funds are anticipated to be emptied. Chuck has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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