![Social Security at Risk: What Retirees Need to Know Before 2034 [Ep36]](https://s3.castbox.fm/e9/96/f8/931e8bfa1758c696ba9253cd08c06f3a21_scaled_v1_400.jpg "Social Security at Risk: What Retirees Need to Know Before 2034 [Ep36]")
Social Security at Risk: What Retirees Need to Know Before 2034 [Ep36]
Description
#SocialSecurity #RetirementPlanning #SocialSecurityBenefitsThe Social Security Trust Fund is projected to run out of reserves by 2034—potentially triggering automatic benefit cuts of 20-25%. In this episode, Bill Kearney and John Foard break down what this means for your retirement and the claiming strategies you should be considering now.Timestamps02:38 - Current state of Social Security: The 2034 projection03:40 - Why this is happening: Demographics and longevity06:15 - Claiming basics: Age 62 vs. 67 vs. 7010:16 - Political reform proposals and their impact15:20 - Updated strategies for maximizing benefits18:28 - How Social Security integrates with your complete retirement plan🗓️ Want to model your Social Security claiming strategy? Schedule a complimentary assessment at: https://crownadvisorgroup.com/Crown Advisors helps families navigate complex retirement decisions with comprehensive planning that accounts for taxes, healthcare costs, and changing regulations.🔔 Subscribe for weekly retirement planning insights#SocialSecurity #RetirementPlanning #SocialSecurityBenefits #RetirementIncome #TaxPlanning
United States
