Description

In today’s episode, we’re going to share some updates from the annual Social Security Trustees Report. With Social Security serving as a cornerstone for countless retirees, understanding its current state and future projections is important. Listen in as Ben highlights the key takeaways from the 277-page report that you need to know about.

Here’s some of what we discuss in this episode:

• The projected depletion of Social Security reserves by 2035
• Our office's proactive approach to Social Security planning
• Raising FICA taxes to address Social Security solvency issues
• Cutting benefits for current recipients or for new beneficiaries
• Avoiding fear-based decisions and trusting in long-term planning

For more, visit us online: https://baschrock-fg.com/