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Social Security’s Uncertain Future: Risks, Insights, and Strategies

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Manage episode 509156898 series 1446412
Content provided by Walkner Condon Financial Advisors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Walkner Condon Financial Advisors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of Gimme Some Truth, we take a closer look at the future of Social Security and what it means for retirement planning. Mitch shares insights into the projected depletion of the Social Security Trust Fund by 2033, highlighting that while the headlines can be alarming, Social Security payments have never been missed.

We explore the origins of Social Security, the impact of demographic shifts, and the political and funding challenges shaping its outlook. The conversation also reviews potential legislative reforms — including retirement age adjustments, tax changes, and benefit modifications.

Finally, we emphasize the importance of stress-testing financial plans so individuals can prepare for possible changes and uncertainties in the system.

Timestamps

00:00 – Introduction and Topic Overview

00:50 – Current State of Social Security

02:07 – Historical Context and Trust Fund Details

05:26 – Future Projections and Potential Solutions

07:07 – Political Challenges and Demographic Impact

12:54 – Possible Changes and Recommendations

14:50 – Conclusion and Final Thoughts

READ THE BLOG POST FOR MORE INFO:

https://walknercondon.com/blog/is-social-security-going-away/

🔔 Subscribe for More Insights on Financial Planning, Investing, and Retirement:

👉 Subscribe to our channel and never miss an episode of Gimme Some Truth

🌐 Learn More About Walkner Condon Financial Advisors:

Visit: https://walknercondon.com

🌍 Are You a U.S. Expat?

We specialize in financial planning for Americans abroad:

Explore our dedicated expat site: https://usexpatinvesting.com

📣 Connect with Us on Social Media:

LinkedIn: https://www.linkedin.com/company/walknercondon

Facebook: https://www.facebook.com/walknercondon

  continue reading

262 episodes

Artwork
iconShare
 
Manage episode 509156898 series 1446412
Content provided by Walkner Condon Financial Advisors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Walkner Condon Financial Advisors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of Gimme Some Truth, we take a closer look at the future of Social Security and what it means for retirement planning. Mitch shares insights into the projected depletion of the Social Security Trust Fund by 2033, highlighting that while the headlines can be alarming, Social Security payments have never been missed.

We explore the origins of Social Security, the impact of demographic shifts, and the political and funding challenges shaping its outlook. The conversation also reviews potential legislative reforms — including retirement age adjustments, tax changes, and benefit modifications.

Finally, we emphasize the importance of stress-testing financial plans so individuals can prepare for possible changes and uncertainties in the system.

Timestamps

00:00 – Introduction and Topic Overview

00:50 – Current State of Social Security

02:07 – Historical Context and Trust Fund Details

05:26 – Future Projections and Potential Solutions

07:07 – Political Challenges and Demographic Impact

12:54 – Possible Changes and Recommendations

14:50 – Conclusion and Final Thoughts

READ THE BLOG POST FOR MORE INFO:

https://walknercondon.com/blog/is-social-security-going-away/

🔔 Subscribe for More Insights on Financial Planning, Investing, and Retirement:

👉 Subscribe to our channel and never miss an episode of Gimme Some Truth

🌐 Learn More About Walkner Condon Financial Advisors:

Visit: https://walknercondon.com

🌍 Are You a U.S. Expat?

We specialize in financial planning for Americans abroad:

Explore our dedicated expat site: https://usexpatinvesting.com

📣 Connect with Us on Social Media:

LinkedIn: https://www.linkedin.com/company/walknercondon

Facebook: https://www.facebook.com/walknercondon

  continue reading

262 episodes

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