In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell speaks with Michael Conrath, Chief Retirement Strategist at J.P. Morgan Asset Management, to discuss the dwindling Social Security trust fund and what adjustments future retirees should make.

Social Security is scheduled to go away by 2034. What actions should retirement planners who may have been relying on payouts from the trust fund take? And what are some ways they can balance retirement savings with saving for education expenses?

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.

1:00 - The precarious social security situation

4:00 - The history of social security

5:30 - J.P. Morgan's guide to retirement

9:00 - The break-even analysis

11:00 - What age to claim social security?

14:20 - How to save for retirement and education

20:10 - Basing retirement on averages

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Austin Rivera.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Michael Conrath, CFP, CPRC, is a Managing Director and the Chief Retirement Strategist for J.P. Morgan Asset Management. Michael is the Head of the Defined Contribution Investment Specialist Team and Head of the Retirement Insights Strategy Team. Michael is responsible for researching and delivering timely retirement-related insights to clients and financial professionals. Michael has over 25 years of investment and wealth management experience and focuses on identifying themes to improve retirement savings and deliver better retirement income outcomes for individuals across the wealth spectrum.

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