May 22, 2024

Episode 104: "How to Prepare for Social Security Cuts"

9 minutes

While you can't control whether Social Security will run out of cash reserves by 2034, you can take proactive steps to prepare for potential cuts to your benefits and safeguard your retirement plans. In today's must-watch video, Tom unveils three critical strategies you can implement right now to shield yourself from the impact of reduced Social Security benefits should they happen.

Discover how increasing your retirement accounts can fortify your financial future, learn effective ways to reduce debt and free up more of

your income, and explore additional income streams, such as part-time jobs or creating passive income, to ensure you remain financially secure. Don't leave your retirement to chance, now or in the future — tune in and take control of your financial destiny today!

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TIMESTAMPS

00:00 How to Prepare for Social Security Cuts

00:50 #1 Build Your Retirement Accounts.

02:48 #2 Reduce Your Debt

05:00 #3 Consider Additional Income Streams

07:21 Steps That Will Help You Make Up for Any Cuts

08:38 How to Create a Retirement Plan & Next steps.

Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇

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Learn the key components you need to include in your retirement plan:

Check this video out: https://youtu.be/QkJzvbZ_gDs

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be construed as advice designed to meet the particular needs of an individual

situation. All hypothetical examples are provided for illustrative purposes

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By Tom Mosley