It was announced this week that the already-expected Social Security shortfall has crept up - now to late 2032. The Wall Street Journal reported this week that "unless Congress shores up the retirement program, the depletion of reserves would trigger a 22% reduction in benefits in late 2032." David will be discussing what this means for retirees and future retirees and what Congress needs to do to fix the situation.

Also this week - as the Great Wealth Transfer begins (with Baby Boomers passing along their assets to children and grandchildren), many families are starting the gifting process ahead of schedule. David will discuss gift taxes and how to to properly manage the process.

Plus - last week's jobs reported the economy added 172,000 jobs in May - more than double what economists had expected. What does that mean for the "big picture?"