The Social Security Board of Trustees released its latest report, and the news isn't encouraging. The projected depletion date for the Social Security trust fund has moved closer, with the Old-Age and Survivors Insurance Trust Fund now projected to be depleted in 2032.

What does this mean for current retirees, future retirees, and anyone planning for retirement?

In this video, Dan breaks down the latest Social Security Trustees Report, explains why the projections have changed, discusses the demographic challenges facing the program, and outlines what retirees should be thinking about as they build a retirement income strategy.