In this video, Tim Stearns, CFP® covers recent updates from the Social Security Administration Board of Trustees detailing problems with the underfunded Trust Fund, everything you need to know about making up for Social Security's shortfall with your retirement tools and 401K. It's important to understand how to maximize your benefits, maximize your nest egg, and minimize your taxes. Tim also discusses common mistakes to avoid while providing practical tips for managing your retirement portfolio. For more information from Tim Stearns CFP® and Tj Stearns, visit www.TjStearns.com or give them a call at (800) 640-2256 to schedule a consultation today. Don't leave your retirement to chance – trust the specialist at Tj Stearns to help you plan for a secure and comfortable future.