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Social Security “Dis-Trustees" - Several Trillion Reasons For Creating An Independent Retirement Fund
A note on social security sourced from zero hedge:
"The program's payouts have exceeded revenue since 2010, but the recent past is nowhere near as grim as the future. According to the latest annual report by Social Security's trustees, the gap between promised benefits and future payroll tax revenue has reached a staggering $59.8 trillion. That gap is $6.8 trillion larger than it was just one year earlier. The biggest driver of that move wasn't Covid-19, but rather a lowering of expected fertility over the coming decades." - Stark Realities “Note that spending the money to teach Susie “banking” through the use of dividend-paying (whole) life insurance instead of sending her to Vanderbilt and then to medical school: 1) eliminates the need to establish a retirement plan of any kind 2) eliminates the concern for whether Social Security will survive or not (it won’t!).” - Pg 77 Becoming Your Own Banker - R. Nelson Nash
Connect with John Fox Ward:
Website: Nash Cashflow - The Nash CashFlow Group
Email: [email protected]
Connect with Doug MacKenzie:
Website: Control Capital Solutions
Email: [email protected]
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A note on social security sourced from zero hedge:
"The program's payouts have exceeded revenue since 2010, but the recent past is nowhere near as grim as the future. According to the latest annual report by Social Security's trustees, the gap between promised benefits and future payroll tax revenue has reached a staggering $59.8 trillion. That gap is $6.8 trillion larger than it was just one year earlier. The biggest driver of that move wasn't Covid-19, but rather a lowering of expected fertility over the coming decades." - Stark Realities “Note that spending the money to teach Susie “banking” through the use of dividend-paying (whole) life insurance instead of sending her to Vanderbilt and then to medical school: 1) eliminates the need to establish a retirement plan of any kind 2) eliminates the concern for whether Social Security will survive or not (it won’t!).” - Pg 77 Becoming Your Own Banker - R. Nelson Nash
Connect with John Fox Ward:
Website: Nash Cashflow - The Nash CashFlow Group
Email: [email protected]
Connect with Doug MacKenzie:
Website: Control Capital Solutions
Email: [email protected]