Description

"Is Social Security Running Out?" People already have worry & anxiety over retirement. Being alarmist with information cloaked in awareness needlessly elevates the strife.

Knowing how the SS system works and what to expect, near-term retirees can DIY or partner with a financial planner or financial coach to adjust their retirement funding plan.

Conversation Insights:

• Brief SS System history and why the history is essential in how we view the SS benefit funds our retirement.
• Understand how tax collection funds the SS System describing its shortcomings and survival.
• Why the narrative of "running out" exists. How did we get a surplus, and why is the surplus, but not the system, running out?
• What happens to our benefits when the surplus funds run out, and the system tax collections fund our benefits? 
• How can people supplement their retirement resources beyond social security and live their desired retirement lifestyle?

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Thank you for tuning in; we hope the information is educational and valuable. Please listen to the disclaimer at the end of the show. 

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com