If you're nearing retirement or already collecting Social Security, the new "One Big Beautiful Bill Act" might have you wondering how it will impact your benefits — and your taxes. Financial expert Suze Orman recently tackled these questions on her "Women & Money" podcast,

Even while the bill was making its way through Congress, opponents said it would cause the Social Security trust funds to run out of money sooner than projected. Their warnings appear to have been correct. It's official: Donald Trump's "Big, Beautiful Bill" will deplete Social Security's funds faster.