New Projections on When Social Security and Medicare Will Run Out of Money

Plus, Celebrate National Nurses Week with 40 discounts and freebies. Created for {EMAIL} | [Web Version]( May 8, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] Introduction [] [Stepping Into Summer Travel]( I must go over my checklist a hundred times when I am getting ready for a trip, and I always feel I missed something. Kiplinger contributor Daniel Bortz has gathered [six travel mistakes to avoid]( with some planning. You may remember that 2023 was dominated by [Taylor Swift’s blockbuster Eras tour]( that made her [a billionaire](. She is taking the show to Europe this summer, and we have tips on navigating around the crowds and surprising information on how much Swift’s tour can drive up hotel prices. - Donna LeValley, personal finance writer P.S. I welcome your questions and suggestions about this newsletter – you can reach me at d.levalley@futurenet.com [Help Maximize your Social Security Benefits]( A comprehensive retirement plan should account for all of your sources of income (including Social Security) and all of your retirement expenses. Our advisors can help you make sure you don't miss anything. [LEARN MORE]( ADVERTISEMENT [] TOP STORY [] [How to Navigate an Extra-Busy Summer Travel Season]( [How to Navigate an Extra-Busy Summer Travel Season]( (Getty Images) Several big events are happening this summer in America and abroad. Traveling will be more hectic and expensive if your plans coincide with one of these big draw events. This year, 4.7 billion people are expected to travel. Use these [tips to avoid crowds and flight disruptions this summer](. [] FUNDING SOCIAL SECURITY AND MEDICARE [] [When Will Social Security and Medicare Trust Funds Run Out of Money?]( [When Will Social Security and Medicare Trust Funds Run Out of Money?]( (Getty Images) The 2024 Annual Report Of The Board Of Trustees for Social Security and Medicare was released yesterday and gives a sobering summary of the status of the trust funds that payout for both programs. The [Medicare and Social Security funding projections have improved, but not by much](. The financial health of these trust funds will impact proposals to [change the COLA formula]( to increase benefits. [Are Financial Advisor Fees Tax-Deductible?]( Working with a financial advisor can be an effective way to invest and plan for retirement. This professional could help you strategize and determine if you're on track to meet your financial goals. But did you know their fees may be negotiable? [Learn more]( ADVERTISEMENT [] STEALS AND DEALS [] [40 Discounts, Deals and Freebies to Celebrate National Nurses Week]( [40 Discounts, Deals and Freebies to Celebrate National Nurses Week]( (Getty Images) The 2024 theme for Nurses Week is "Nurses Make the Difference" and recognizes the invaluable contributions of nurses worldwide. We have a list of [40 discounts and freebies that businesses are offering to nurses]( until May 12th. Some offers will require you to validate your status as a nurse to access the deals. [Is your money working hard enough?]( It should be! Learn how Betterment's automated investing and savings technology can make your money hustle, while you don't. [LEARN MORE]( ADVERTISEMENT [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [How to save on booking a cruise]( This is a surefire way to avoid crowds and see the world. [Chase Sapphire Preferred Credit Card launches bonus offer worth over $500]( This card just increased its travel bonus and still offers huge travel perks. [What the Fed's rate pause means for savings]( How to save as the Fed pauses rate increases for the sixth consecutive time. [Sign Up Free for Kiplinger's Retirement Tips E-Newsletter to plan for and make the most of a rewarding retirement.]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. 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