The White House claims 88% of seniors will pay no tax on Social Security benefits due to Trump’s new law. However, experts dispute these claims and warn of potential negative impacts on Social Security and Medicare funds. The new law could lead to reduced benefits for retirees and increased insolvency risks for these programs.

The White House’s calculations are based on new tax deductions for seniors, with individuals aged 65+ eligible for up to $6,000 in deductions, phasing out at $175,000 income. But, only 24% of recipients will see reduced taxable income. The law’s temporary nature and potential impact on Social Security funds raise concerns about long-term stability.

The One Big Beautiful Bill Act also slashes Medicaid spending by $1 trillion, risking nearly 11.8 million losing health insurance by 2034. This compounds the potential risks for retirees in the 2030s, facing reduced Social Security benefits and loss of health coverage. Long-term care planning becomes crucial for older Americans facing financial uncertainties.

Considering alternative investment options, commercial real estate can offer tax advantages through a 1031 exchange, while residential real estate can provide rental income and appreciation. Platforms like First National Realty Partners and Mogul offer opportunities for investors to access real estate investments without direct property ownership and management responsibilities.

Read more at Yahoo Finance: Trump says 88% of US retirees will now pay zero taxes on Social Security, but can the One Big Beautiful Bill hurt you?