Social Security payments could be slashed by around 25 percent if changes are not made, according to experts. According to the 2023 annual report of the Social Security Board of Trustees, the surplus in Social Security trust funds will be depleted by 2034. Experts are citing that if this happens then benefits could be reduced by nearly 25 percent for all recipients. Doug Carey, a chartered financial planner and the owner of Wealthtrace, is among the many considering various reforms to the...