Updates From The Annual Social Security Trustees Report (Part 1)

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

 

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