If you're married and retired or about to retire, you and your spouse could begin losing more than $18,000 per year in Social Security benefits if Congress fails to shore up the solvency of the trust fund for the retirement benefit program by 2033, according to Barron's.
The cut in your earned retirement benefits could be compounded by the Medicare Hospital Insurance fund also depleting by the end of 2032, forcing an 11% reduction in Medicare payments, unless Congress acts, Barron's reports.
