Quote:
Originally Posted by jingram058
I stayed in the Navy for 26 years, and I get a darned good pension, supplemented by modest Social Security and a state pension. I guess any or all of these could be cut at some point.
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Thank you for your service!
In terms of your cash flow sources, I guess the Biebs taught us to "never say never", but this might be one of the exceptions to that rule. Hard to imagine a scenario where any of those sources gets cut. I could see some tinkering with how they are taxed, and certainly changes for future recipients are always possible, but I think you're pretty safe, James.
Even with the looming exhaustion of the social security trust fund sometime in the next decade, give or take, and the concomitant theoretical 30% benefit cut, I'm incredibly skeptical that such an outcome will actually happen.