Like most elected officials, Donald Trump recognizes that Social Security is vital to the financial well-being of our nation's retirees. But he's not oblivious to the fact that altering Social Security comes with potentially negative ramifications. While speaking at the Conservative Political Action Conference in March 2013, Trump said:

Miles of protective fences are being rolled out for President-elect Donald Trump's inauguration Monday. CBS News Homeland Security and Justice reporter Nicole Sganga has more.

We're just days away from a second Trump administration entering the White House, and like all political transitions, we can expect changes once he takes office. Some of the most interesting ones for retirees could be those related to Social Security.

Hundreds of thousands of people will gather on the National Mall in Washington D.C. on Monday to witness the second inauguration of President-elect Donald Trump. CBS News' Nicole Sganga shows how security officials are preparing after months of planning.

In 1983, when Social Security's asset reserves were running dangerously low, Congress passed and then-President Ronald Reagan signed the Social Security Amendments of 1983 into law. In addition to gradually increasing the payroll tax on earned income, as well as the full retirement age, it introduced the now-hated taxation of benefits.