SPECIAL REPORT: Monitor and Maximize Your Social Security Benefits

When Will Social Security and Medicare Trust Funds Run Out of Money? | 3% Social Security COLA Predicted for 2024 | How to Cut Your Social Security Taxes Created for {EMAIL} | [Web Version]( August 25, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [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) There’s good news and bad news regarding the trust funds for Social Security and Medicare, which help pay benefits, are projected to run dry. Contrary to the fears of some, benefits will not cease if Social Security’s trust funds run out of Treasury bonds to cash in. [What will happen then? For some good news, read on](. [] COLA Forecast [] [3% Social Security COLA Predicted for 2024]( [3% Social Security COLA Predicted for 2024]( (Getty Images) Our staff economist, David Payne, has crunched the numbers and is projecting a 3% COLA for 2024. Does this match your expectations? [You can learn more about what economic factors supported this COLA projection, how much your 2024 check will be and peruse historical COLA rates with a click](. [Build a Real Estate Portfolio with CrowdStreet]( With 750+ deals funded and over $4 billion invested, CrowdStreet provides a marketplace that allows you to compare opportunities and find the right investment for your portfolio. Accredited investors can sign-up now and access to live opportunities. Explore Opportunities. [EXPLORE OPPORTUNITIES]( ADVERTISEMENT: [] Taxes and Social Security Benefits [] [How to Cut Your Social Security Taxes]( [How to Cut Your Social Security Taxes]( (Getty Images) Many retirees are dismayed to learn that they owe taxes on a portion of their benefits. The government started taxing a portion of Social Security benefits 40 years ago as part of an overhaul designed to shore up the program’s finances. Depending on where you live, your state may tax your benefits, too. [But you can take steps to minimize the pain. We have four strategies to help you trim the tax tab](. [] Divorce and Social Security [] [The Impact of Social Security on Divorced Retirement Income]( Social Security spousal benefits can quickly get complicated when remarriages and other circumstances are taken into account. Social Security’s place in a person’s retirement income plan is a critical item for mediators, divorce financial planners, lawyers and — you, their client — to understand to achieve the elusive goal of a fair and equitable settlement. Chris Chen, certified financial planner, presents some examples to illustrate and help you understand this complex situation. [Read More]( [] Returning to Work [] [Leaving Retirement? Three Things to Consider Before You Unretire]( Given the current state of our economy, leaving retirement is becoming more common. High inflation and rising interest rates means many retirees are withdrawing more from their retirement accounts. Tony Drake, certified financial planner writes, while unretiring may help you get your finances back on track, there are a few financial implications that can catch you by surprise. [Read More]( [CrowdStreet - C-REIT]( Looking for a versatile way to get into commercial real estate investing? 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