youbet
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Over a potential 40 years into the future all I can do is leave a big buffer and have a plan that could withstand a 23% or so cut. It doesn't seem prudent not to count on one because that is the default course we are on currently with SS.
Yep, I agree with that. Whether they hit everyone with the same percentage decrease or make it progressive with high earners receiving a bigger cut than low earners ( preventing impoverished Granny Smith from taking the same percentage cut as Bill Gates and Warren Buffet), all we can do is assume some cut is coming and plan accordingly.
Most high earners won't miss a few kilobucks very much. I doubt the gov't will reduce the benefits of truly low (below poverty level) earners. But it'll be interesting for the folks in the middle.