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Squire provides complete and personalized tax management and planning solutions to meet your needs.

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Squire provides complete and personalized tax management and planning solutions to meet your needs.

Social Security disability fund will be out of reserves next year

The Social Security disability fund’s reserves will run dry next year, potentially leading to a 19% cut in benefits, according to a report from trustees. Congress could use Social Security’s retirement fund to cover the shortfall, as has been done in the past. If combined, reserves in the disability and retirement funds could last until 2034.