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Trying to Demystify Social Security, Earning Season And US Wealth Distribution
Welcome to the @plannedsolutions Incorporated Podcast. In this episode we discuss how the Social Security system can be very complex. Yet, Social Security often represents a large percentage of the average retiree’s income in retirement. Therefore, it is important to understand how Social Security benefits are calculated and the issues that should be considered when assessing different claiming strategies in retirement, much of which comes down to a retiree’s expectations about how long they are likely to live in retirement.
Also, The second quarter earnings season could be a test for stocks. S&P 500 earnings have been relatively flat over the prior three quarters while stock prices have surged to new highs. Now, earnings growth expectations have increased as analysts look for companies to report strong results to justify their stock return. Should earnings exceed expectations it could be a good omen for stocks while poor earnings growth could have negative implications.
As well, In the US there is often an unhealthy focus on the few people who have achieved the highest net worth making them the top fraction of a percent of the wealth distribution. This can make people feel less successful than they actually are when it comes to achieving financial security. In reality, many people may be able to achieve wealth that will put them in the top 5% or 10% of households with diligent planning and savings, which is a good result, even if the top 1% is out of reach.
Plus a look at the Planned Solutions Incorporated Office Bulletin Board - Voice deepfakes happen when a hacker takes a recording of your voice, clones it and then manipulates it. Unfortunately, hackers now have more access than ever before to our voices through videos, FaceTime chats, Zoom meetings, etc. that can be saved on any of our devices.
To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]
The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.
Chase Armer's book- Financial Planning Insights is now available at:
https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb
Intro 00:00
Trying to Demystify Social Security 01:20
Earning Season 10:53
US Wealth Distribution 18:14
Bulletin Board 22:51
Planned Solutions, Inc.
https://www.plannedsolutions.com/
View all episodes
By Planned Solutions
5
88 ratings
Welcome to the @plannedsolutions Incorporated Podcast. In this episode we discuss how the Social Security system can be very complex. Yet, Social Security often represents a large percentage of the average retiree’s income in retirement. Therefore, it is important to understand how Social Security benefits are calculated and the issues that should be considered when assessing different claiming strategies in retirement, much of which comes down to a retiree’s expectations about how long they are likely to live in retirement.
Also, The second quarter earnings season could be a test for stocks. S&P 500 earnings have been relatively flat over the prior three quarters while stock prices have surged to new highs. Now, earnings growth expectations have increased as analysts look for companies to report strong results to justify their stock return. Should earnings exceed expectations it could be a good omen for stocks while poor earnings growth could have negative implications.
As well, In the US there is often an unhealthy focus on the few people who have achieved the highest net worth making them the top fraction of a percent of the wealth distribution. This can make people feel less successful than they actually are when it comes to achieving financial security. In reality, many people may be able to achieve wealth that will put them in the top 5% or 10% of households with diligent planning and savings, which is a good result, even if the top 1% is out of reach.
Plus a look at the Planned Solutions Incorporated Office Bulletin Board - Voice deepfakes happen when a hacker takes a recording of your voice, clones it and then manipulates it. Unfortunately, hackers now have more access than ever before to our voices through videos, FaceTime chats, Zoom meetings, etc. that can be saved on any of our devices.
To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]
The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.
Chase Armer's book- Financial Planning Insights is now available at:
https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb
Intro 00:00
Trying to Demystify Social Security 01:20
Earning Season 10:53
US Wealth Distribution 18:14
Bulletin Board 22:51
Planned Solutions, Inc.
https://www.plannedsolutions.com/
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