In this episode of Gimme Some Truth, we take a closer look at the future of Social Security and what it means for retirement planning. Mitch shares insights into the projected depletion of the Social Security Trust Fund by 2033, highlighting that while the headlines can be alarming, Social Security payments have never been missed.

We explore the origins of Social Security, the impact of demographic shifts, and the political and funding challenges shaping its outlook. The conversation also reviews potential legislative reforms — including retirement age adjustments, tax changes, and benefit modifications.

Finally, we emphasize the importance of stress-testing financial plans so individuals can prepare for possible changes and uncertainties in the system.

Timestamps

00:00 – Introduction and Topic Overview

00:50 – Current State of Social Security

02:07 – Historical Context and Trust Fund Details

05:26 – Future Projections and Potential Solutions

07:07 – Political Challenges and Demographic Impact

12:54 – Possible Changes and Recommendations

14:50 – Conclusion and Final Thoughts

READ THE BLOG POST FOR MORE INFO:

https://walknercondon.com/blog/is-social-security-going-away/

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