SPECIAL REPORT: From the IRS to Social Security, 6 Key Areas the Gov Shutdown Could Impact

1. Social Security | 2. IRS | 3. Medicare Created for {EMAIL} | [Web Version]( September 29, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [1. Social Security]( [1. Social Security]( (Getty Images) To understand how Social Security would be affected by a government shutdown, it's important to know how payments are funded. Benefits will continue to be paid regardless of a shutdown. The day-to-day operations will change to reflect reduced staff. [What services will they maintain? Read on and get those details and learn why benefits aren’t in immediate danger](. [] INTERNAL REVENUE SERVICE [] [2. IRS]( [2. IRS]( (Getty Images) Unless you are waiting on a refund, getting the IRS back to work might not seem as urgent compared to other agencies. The IRS does more than audit taxpayers — it collects the funds that allow our government to operate. Will enforcement activities cease? What if you need help tracking down a W-2 or 1099 form from a defunct employer? [Our tax team has gathered the best information available and to tell you what to expect from the IRS during a shutdown](. [Financial Planning and Advice Built Around You]( Speak with our advisors to receive personalized advice based on your specific goals. Get started with a complimentary financial consultation and discover how simple it is to invest with J.P. Morgan Personal Advisors. It's a new way to invest, designed with you in mind. [Invest with No Advisory Fee for 6 Months](. [GET STARTED]( INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE ADVERTISEMENT [] MEDICARE [] [3. Medicare]( [3. Medicare]( (Getty Images) Open enrollment for Medicare is set to begin on October 15. What does a possible shutdown mean to new and existing subscribers? Will payments to providers be interrupted and possibly jeopardize future services? We have a lot of good news on both fronts. But there will be some services that are put on hold until a shutdown is over. [Keep reading to get the good and bad news about what Medicare recipients can expect if the government shuts down](. [] STOCK MARKET [] [4. Stocks]( [4. Stocks]( (Getty Images) A potential government shutdown when markets are already struggling during the seasonally weakest month of the year for equities is less than ideal. Past performance is no guarantee of future results, but the record for stocks in government shutdowns is almost encouraging. How does the market feel about shutdowns? [We encapsulated the market’s reactions to previous shutdowns to give you an idea of what might be in store](. [] TRAVEL [] [5. Travel Plans]( Do you have plans to travel in the near future? Does the trip include a flight or require a passport? A government shutdown could disrupt travel plans in a few ways, especially if it goes on for a long time. Passport processing, TSA and air traffic control will all be affected. You’ll want to [get up-to-speed on the impact a possible shutdown will have on your itinerary and we provide that information righ here.]( [Read more]( [Does Your Advisor Really Know You?]( Our advisors will get to know you and create a plan that's tailored to your needs. [Schedule a FREE consultation]( with J.P. Morgan Personal Advisors and get a $0 advisory fee for the first 6 months. [GET STARTED]( INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE ADVERTISEMENT [] VETERANS AFFAIRS [] [6. Veterans]( The Veterans Affairs Department (VA) provides and manages a variety of services for veterans. From healthcare to job training, this department services all of veterans' needs. Similar to other agencies, the most critical services will continue to be provided, but some important services will be suspended during a shutdown. [We have the details of the VA’s contingency plan and what services will continue and those that will be disrupted](. [Read more]( 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. Our [flagship publications]( include [Kiplinger’s Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger’s Retirement Report]( and [Kiplinger’s Investing for Income.]( All are regarded as the leading publications in their respective fields. 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