Will Social Security run out of money sooner than you think?
Description
Prospective retirees hoping to cash in their Social Security after 2033 may be in for a rude awakening. The 2025 Trustees Report confirmed that the program will only be able to pay 77% of the expected disbursements after 2033, and with the expected tax cuts from the new Republican budget bill, that number could shrink even faster. On this episode of Decoding Retirement, host Robert "Bob" Powell speaks with certified retirement management advisor Marcia Mantell about these findings and more, delving into the serious implications for your retirement. Marcia discusses what you can do to make up for the shortfall, how US birth rates may be affecting financial projections, and the potential effects of up to 8 million people losing their healthcare coverage through the Affordable Care Act.
Yahoo Finance's Decoding Retirement is hosted by Robert Powell.
Find more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.
Learn more about your ad choices. Visit megaphone.fm/adchoices
United States
