The Financial Harmony™ Podcast

Is Social Security Running Out?


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"Is Social Security Running Out?" People already have worry & anxiety over retirement. Being alarmist with information cloaked in awareness needlessly elevates the strife.

Knowing how the SS system works and what to expect, near-term retirees can DIY or partner with a financial planner or financial coach to adjust their retirement funding plan.

Conversation Insights:

  • Brief SS System history and why the history is essential in how we view the SS benefit funds our retirement.
  • Understand how tax collection funds the SS System describing its shortcomings and survival.
  • Why the narrative of "running out" exists. How did we get a surplus, and why is the surplus, but not the system, running out?
  • What happens to our benefits when the surplus funds run out, and the system tax collections fund our benefits? 
  • How can people supplement their retirement resources beyond social security and live their desired retirement lifestyle?

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The Financial Harmony™ PodcastBy Dr. Preston Cherry