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Is Social Security Going Broke?
In this video, we delve into a recent alarming headline from the Washington Post about the grim financial outlook for Social Security and Medicare. The report from the Social Security and Medicare Board of Trustees indicates that both programs are running out of funds at an alarming rate, potentially leading to automatic benefit cuts within the next decade. However, headlines often don't tell the whole story. Join me as I break down four major myths surrounding the future of Social Security and discuss potential government solutions to this looming crisis.
By the end of this video, you will have a clearer understanding of the current state and future outlook of Social Security, enabling you to make more informed decisions about your retirement. Stay informed, plan ahead, and consider working with a financial advisor to navigate these complexities.
✅ *FREE RETIREMENT ASSESSMENT* ✅ https://www.foundryfinancial.org/retirement-assessment
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By Kevin Lum, CFP®
5
44 ratings
In this video, we delve into a recent alarming headline from the Washington Post about the grim financial outlook for Social Security and Medicare. The report from the Social Security and Medicare Board of Trustees indicates that both programs are running out of funds at an alarming rate, potentially leading to automatic benefit cuts within the next decade. However, headlines often don't tell the whole story. Join me as I break down four major myths surrounding the future of Social Security and discuss potential government solutions to this looming crisis.
By the end of this video, you will have a clearer understanding of the current state and future outlook of Social Security, enabling you to make more informed decisions about your retirement. Stay informed, plan ahead, and consider working with a financial advisor to navigate these complexities.
✅ *FREE RETIREMENT ASSESSMENT* ✅ https://www.foundryfinancial.org/retirement-assessment