Sign up to save your podcasts
Or
Share 🚨 Social Security Benefits Could Be Cut by 23%: Here's How to Prepare
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
🚨 Social Security Benefits Could Be Cut by 23%: Here's How to Prepare
The Social Security trust fund is projected to be insolvent by 2033, and by 2035, benefits could be reduced by 23% if no action is taken.
As Peter with Richon Planning and Erin Kennedy explain, that means future retirees may only receive about 77% of promised benefits... a potential shortfall that could cost the average worker $138,000 in lost income!
💡 What can you do now?
✔️ Max out your retirement contributions and catch up contributions
✔️ Take advantage of your employer match
✔️ Diversify your investments
✔️ Work with a financial advisor who can help you decide when to claim Social Security and build multiple income streams for retirement.
Social Security isn't going away, but it may not be enough on its own. Planning ahead could make all the difference. If you're worried about being prepared for retirement no matter what, please call Peter at (919) 300-5886 or visit www.RichonPlanning.com #RetirementPlanning #SocialSecurity #FinancialFreedom #RetirementSavings #WealthPlanning #FinancialAdvisor #FutureReady #InvestSmart #RetireWithConfidence
View all episodes
By Richon Planning
5
22 ratings
The Social Security trust fund is projected to be insolvent by 2033, and by 2035, benefits could be reduced by 23% if no action is taken.
As Peter with Richon Planning and Erin Kennedy explain, that means future retirees may only receive about 77% of promised benefits... a potential shortfall that could cost the average worker $138,000 in lost income!
💡 What can you do now?
✔️ Max out your retirement contributions and catch up contributions
✔️ Take advantage of your employer match
✔️ Diversify your investments
✔️ Work with a financial advisor who can help you decide when to claim Social Security and build multiple income streams for retirement.
Social Security isn't going away, but it may not be enough on its own. Planning ahead could make all the difference. If you're worried about being prepared for retirement no matter what, please call Peter at (919) 300-5886 or visit www.RichonPlanning.com #RetirementPlanning #SocialSecurity #FinancialFreedom #RetirementSavings #WealthPlanning #FinancialAdvisor #FutureReady #InvestSmart #RetireWithConfidence