Are we prepared for the Social Security crisis? It's a question we all need to think about - join us as we tackle the pressing issue of the Social Security deficit and the alarming reality that by 2032, the Trust Fund could be completely depleted. With Congress's two options, cutting benefits or raising taxes, the future of Social Security is uncertain.
Bringing this issue to light, we confront the myth proposed by financial advisor Garrett, of reducing benefits for high earners and millionaires. But there simply aren't enough high earners to cover the deficit. It's time to start factoring these issues into our retirement planning.
Subscribe to podcast updates: https://form.jotform.com/223614751580152
Ask Ric: https://www.thetayf.com/pages/ask-ric
Ric's Books: https://www.amazon.com/stores/Ric-Edelman/author/B000APYJPM
-----
Links from today's show:
SSA.gov: https://www.ssa.gov/
TheTruthAYF Ask Ric: https://www.thetayf.com/pages/ask-ric
Retirees Face a $17,400 Cut if Social Security Isn't Saved: https://www.crfb.org/blogs/retirees-face-17400-cut-if-social-security-isnt-saved
Follow Ric on social media:
Facebook: https://www.facebook.com/RicEdelman
Instagram: https://www.instagram.com/ric_edelman/
LinkedIn: https://www.linkedin.com/in/ricedelman/
X (formerly Twitter): https://twitter.com/ricedelman
YouTube: https://www.youtube.com/@RicEdelman
Brought to you by:
Global X ETFs: https://www.globalxetfs.com/
Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.html
Prisidio: https://www.prisid.io/
Schwab: https://www.schwab.com/
Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee
-----