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Contenuto fornito da Jacob Duke, CFP® and Jacob Duke. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Jacob Duke, CFP® and Jacob Duke o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
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Is Social Security Going to Run Out?!

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Manage episode 419432672 series 3436785
Contenuto fornito da Jacob Duke, CFP® and Jacob Duke. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Jacob Duke, CFP® and Jacob Duke o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

In recent years, there has been a growing concern around Social Security going insolvent.

There are some truths to these concerns, but there are also many misunderstandings. The biggest misunderstanding is that Social Security will be going away entirely.

The confusing part is that the Social Security trust fund could be running out in the future, but Social Security is a pay-as-you-go system. This just means that the dollars received every year in taxes are paid out every year in benefits.

So, as long as taxes are being received, something will be paid out. How much will be paid out though? That's the question that is on everyone's mind.

In this episode, I break down:
- The details of the latest Trustee Report that was published on May 6th, 2024.
- The problem at hand
- Ideas for how the system can be sured up
- What the trustees suggest and the magnitude of this needing to be fixed
- How you should react as a retiree or pre-retiree.

———————————————————————————

Website: https://www.rivertreewealth.com
LinkedIn: https://www.linkedin.com/in/jacobduke

Jacob Duke, CFP, MBA is the founder of Rivertree Wealth and the host of the Retirement Answers podcast.

👉 Do you have your custom retirement strategy? If not, get started today: https://www.rivertreewealth.com/get-started

🔔 Subscribe to the channel and press the bell icon so you never miss a video!

DISCLAIMER: This video is not meant to be taken as tax, legal, or investment advice. All content is for educational purposes only.

  continue reading

75 episodi

Artwork
iconCondividi
 
Manage episode 419432672 series 3436785
Contenuto fornito da Jacob Duke, CFP® and Jacob Duke. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Jacob Duke, CFP® and Jacob Duke o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

In recent years, there has been a growing concern around Social Security going insolvent.

There are some truths to these concerns, but there are also many misunderstandings. The biggest misunderstanding is that Social Security will be going away entirely.

The confusing part is that the Social Security trust fund could be running out in the future, but Social Security is a pay-as-you-go system. This just means that the dollars received every year in taxes are paid out every year in benefits.

So, as long as taxes are being received, something will be paid out. How much will be paid out though? That's the question that is on everyone's mind.

In this episode, I break down:
- The details of the latest Trustee Report that was published on May 6th, 2024.
- The problem at hand
- Ideas for how the system can be sured up
- What the trustees suggest and the magnitude of this needing to be fixed
- How you should react as a retiree or pre-retiree.

———————————————————————————

Website: https://www.rivertreewealth.com
LinkedIn: https://www.linkedin.com/in/jacobduke

Jacob Duke, CFP, MBA is the founder of Rivertree Wealth and the host of the Retirement Answers podcast.

👉 Do you have your custom retirement strategy? If not, get started today: https://www.rivertreewealth.com/get-started

🔔 Subscribe to the channel and press the bell icon so you never miss a video!

DISCLAIMER: This video is not meant to be taken as tax, legal, or investment advice. All content is for educational purposes only.

  continue reading

75 episodi

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