Podcasts about social security reform

In this episode of Boldin Your Money, host Steve Chen sits down with financial advisor and YouTube creator Devin Carroll, the mind behind Social Security Intelligence and the book Social Security Basics. Devin shares his journey from tire salesman to financial planner, and how a curiosity about Social Security turned into a mission—and a media platform reaching millions. The conversation covers the evolution of financial advice, Social Security reform, building trust in a digital world, and why education is the foundation of confidence. Devin also opens up about how he uses content to grow his advisory firm and what the future of planning, media, and AI means for both advisors and everyday savers.

Guest Congressman Ron Estes, 4th District Kansas, joins to discuss ongoing reconciliation process. Discussion of getting GOP united for spending cuts, tax cuts, and reforms within government spending. Will the younger gen even see social security when they retire? Discussion of making permanent the Trump tax cuts from round one.  Kansas Satanic group holds a "black mass" on Kansas State Capital. Does it fall under the umbrella of free speech and religious practice? Discussion of anarchists causing issues just for attention. Should we engage with opposing radicalism and...do they even believe what they are practicing?

Senator John Curtis is ready to tackle Social Security Reform. In the past, Social Security reform has been a hot topic amongst politicians and is often a tool to put each other in hot water. But how does Senator John Curtis look to approach this reform and how nipping this in the bud might save some future pain.

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In this episode, Kevin Brucher discusses the recent Federal Reserve meeting and its impact on the economy. He explains how interest rates affect inflation and the overall strength of the US economy. Kevin also explores the 4% rule in retirement planning and the concept of sequence risk. He highlights proposed cuts to Social Security and Medicare, as well as a Democratic proposal to eliminate taxes on Social Security. Kevin emphasizes the importance of the upcoming election for the future of these programs. He concludes by sharing his market outlook and advising investors to stick with their plans. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

#MrMarket: Social Security countdown to collapsing unless Congress acts to raise the retirement age and means test recipients.  Veronique DeRugy, Mercatus Center. https://www.creators.com/read/veronique-de-rugy/06/24/social-security-reform-is-coming-really-and-will-bring-political-rewards 1938 FDR

In this conversation, Kevin Brucher and Steve Sedahl discuss common retirement blunders and provide suggestions on how to avoid them. They cover topics such as trying to beat the market, keeping money in cash, lack of diversification, feeling trapped by real estate, and not spending savings. They also touch on the importance of timing when claiming Social Security and the potential repeal of the federal tax on Social Security. Overall, they emphasize the need for careful planning, diversification, and seeking professional advice. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

In this episode of Cruising Through Retirement, Kevin Brucher discusses financial planning strategies for retirement using golf analogies. He emphasizes the importance of avoiding hazards such as inflation and taxes, and the need to manage emotions and learn from past mistakes. Kevin also touches on topics like early retirement, retirement age, and saving for retirement. Kevin offers a complimentary financial plan review for listeners and highlights the importance of ongoing education and a strong advisor-client relationship. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

In this episode, Kevin Brucher exposes the dangers of financial advice on social media and highlights the importance of financial literacy. He discusses the performance of the S&P 500 and emphasizes the need for individuals to plan for retirement. Kevin challenges misleading information about 401(k)s and encourages listeners to seek advice from reputable sources. He also cautions against the risks of cryptocurrency and the fallacy of using other people's money to get rich. The key takeaways include staying informed, being cautious of social media influencers, and prioritizing financial responsibility. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

In this episode, Kevin Brucher discusses the recent Federal Reserve meeting and its impact on the economy. He explains how interest rates affect inflation and the overall strength of the US economy. Kevin also explores the 4% rule in retirement planning and the concept of sequence risk. He highlights proposed cuts to Social Security and Medicare, as well as a Democratic proposal to eliminate taxes on Social Security. Kevin emphasizes the importance of the upcoming election for the future of these programs. He concludes by sharing his market outlook and advising investors to stick with their plans. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

Kevin Brucher discusses important considerations before retiring early. He emphasizes the importance of achieving debt-free status and finding honest mechanics to avoid unnecessary expenses. Kevin also highlights the need to understand risk tolerance and diversify investment portfolios. He cautions against early withdrawals from retirement accounts and discusses the challenges of supporting adult children financially. Kevin also addresses the issue of financial exploitation of seniors and provides tips for protecting against it. Lastly, he emphasizes the importance of preparing for long-term care and maintaining mental and physical health in retirement. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

On this episode, Kevin Brucher discusses various signs that indicate a person may not be able to retire successfully. He starts by talking about the risks associated with investing in certain stocks, such as New York Community Bank. He emphasizes the importance of FDIC insurance and advises against keeping large amounts of money in one bank. Kevin also warns about the risks of regional banks and commercial real estate. He discusses the dangers of carrying high-interest debt and encourages listeners to create a budget and spend wisely. Kevin also shares his thoughts on cryptocurrencies and the importance of paying off debt and building a reliable monthly income. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

Coach Pete D'Arruda wants you to have a steady reliable repeatable income stream in retirement. Joe Murphy examines the debt ceiling deal. Jay and Brittnay Hagy talk about the emotional side of retirement. Richard Pellitier says don't take the first offer. Mal Mason and Chae Kyle explain some of the benefits of Indexed Universal Life Insurance. Gary Nolan has a look back at 1991. That and more on Financial Pizza. Call 800-662-6808See omnystudio.com/listener for privacy information.

In this episode, Kevin Brucher discusses the best way to clarify your retirement saving strategy. He explains the differences between Roth IRAs and Roth 401(k)s, emphasizing the benefits of tax-free income in retirement. Kevin also highlights the importance of long-term growth and tax planning when choosing between Roth and traditional accounts. He encourages listeners to consider factors such as expected growth and future tax rates. Additionally, Kevin discusses the You Earned It, You Keep It Act, which aims to repeal federal income tax on Social Security benefits. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

Another jam packed show with Coach Pete D'Arruda talking abouFinancial Pizza From Monopoly to Narrative Economics, it's all covered here.t a high stakes game of Monopoly. Joe Murphy digs into a book by Robert Shiller dealing with how our emotions can actually move the market. Chris Longworth uses clips from Seinfeld that relate to planning for retirement. That and much more. Visit Financial Pizza to learn more. Check out Broadcasting Experts to find out how you can have your own podcast. Call 800-662-6808 or Text PIZZA to 600700.  Here's a link to Narrative Economics by Robert ShillerSee omnystudio.com/listener for privacy information.

Kevin Brooker discusses various topics related to retirement planning and taxation. He starts by talking about the stock market and investing, particularly in high-flying stocks and the potential of artificial intelligence. He emphasizes the importance of long-term investing and the need to be comfortable with market volatility. Kevin also highlights the value of working with a financial advisor in retirement and the need for ongoing financial planning. He discusses the taxation of Social Security benefits and advocates for the repeal of the federal tax on these benefits. He concludes by emphasizing the importance of tax strategies in retirement planning. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

In short, today's Social Security discussions are the product of arbitrary decisions that have no effect on the nation's financial health. Today's Stocks & Topics: MNDY - Monday.com Ltd., XMHQ - Invesco S&P MidCap Quality ETF, Investing in Pre-IPO Companies, CIVI - Civitas Resources Inc., SNA - Snap-On Inc., Retail Sales, GDX - VanEck Gold Miners ETF, CEIX - CONSOL Energy Inc., ARCH - Arch Resources Inc., Commodities, META - Meta Platforms Inc., STAA - Staar Surgical Co., EBAY - eBay Inc., WINA - Winmark Corp., Economic Growth. Our Sponsors:* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this episode, Kevin Brucher discusses the importance of estate planning and highlights the You Earned It, You Keep It bill, which aims to repeal the federal tax on Social Security benefits. He emphasizes the need to update beneficiary designations and provides insights into managing online accounts. Kevin also stresses the significance of tax planning and the benefits of Roth IRAs and HSAs. He encourages listeners to take advantage of the resources available on his website and to contact their representatives to support the You Earned It, You Keep It bill.  Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

In this episode, Kevin Brucher discusses important topics related to retirement planning. He starts by highlighting a bill called the 'You Earned, You Keep It Act' that aims to repeal the federal tax on Social Security benefits and eliminate the cap on the payroll tax. Kevin emphasizes the need for individuals to support this bill and reach out to their representatives. He then emphasizes the importance of having a comprehensive retirement plan that covers all aspects of income, assets, expenses, and liabilities. Kevin also provides tips on reviewing insurance policies and saving money. Lastly, he discusses the significance of tax planning in retirement and the benefits of utilizing tax-free accounts like Roth IRAs. Call 800-975-6717. Visit Silver Leaf Financial to learn more.See omnystudio.com/listener for privacy information.

Social security reform remains a no-go zone for so many politicians, including many of the people running for President today. However, benefits could drop in just three years. What are we missing when no one will address the looming benefit cut? Reason Magazine Economic Reporter Eric Boehm digs into how Republican candidates have changed their language and policy to avoid this thorny problem.

Republicans in the House recently struck a deal with the Biden administration to raise the debt ceiling. But Washington debates over discretionary spending shouldn't overshadow the hard conversations we need to have about America's entitlement spending. Andrew Biggs joins this episode of Political Economy to discuss his ideas for Social Security reform.Andrew is a senior fellow here at the American Enterprise Institute, where he studies Social Security reform, state and local government pensions, and public sector pay and benefits.

Chris and Jeff discuss the debt ceiling and the politics around it. They also cover Social Security Reform and the Windfall Elimination Provision (WEP). With graduation season underway, they discuss the job situation and the importance of financial literacy for new grads. 

Earlier this year, millions of people in France took to the streets to protest against the raising of the retirement age from 62 to 64. We will explore the context behind the reform and protests.

Social Security makes up a substantial percentage of the retirement income for many older Americans. But significant financial challenges threaten the government's ability to continue paying benefits in full. GAO's Kris Nguyen discusses…

Abich Financial's Pat Volk explains the need to keep an open mind when planning for what may come. Connect at RetirementKeyRadio.com. #Virginia #Retirement #SocialSecurity

Our special guest is Professor Lawrence Kotlikoff, economics professorat Boston University and ranked by The Economist magazine as one ofthe world's 25 most influential economists. Larry is also thepresident of Economic Security Planning, Inc. and the founder ofMaximize My Social Security and MaxiFi.We spoke about different investment strategies, ways for governmentsto grow their GDP in order to fund their unfunded liabilities, someinteresting solutions to the healthcare costs crisis, ways in whichtechnology can create prosperity and a lot more.To learn more about professor Kotlikoff, visit:Kotlikoff.netLarrykotlikoff.substack.comMaximizemysocialsecurity.comMaxifi.comApple Podcast: https://tinyurl.com/36u8fmbrSpotify Podcast: https://tinyurl.com/4zv6syfcHardcorefinanceshow.comFollow us on Twitter@MrEBITDA@ShimonLazarovSupport the show

This week on The Capitalist Investor, wealth advisor Dave Abate was invited to discuss current news and events related to the economy. He shared his perspective as an adviser and a planner, offering insight into how the current economic climate could affect clients. Dave discussed the testimony of JP Powell and the fallout from it, the debt ceiling and Social Security being directly related to the talk. Tony the Tiger was also present to offer insight and humor. Dave discussed the continuing rate hikes, saying that a pivot is not likely anytime soon and that it'll have to be a quick one when it does happen. The conversation delved into the surprise that the market has in reaction to Federal Reserve chair Jerome Powell every time he speaks. This is because he has been repeating the same message for the past six months, that interest rates will stay higher for longer. Senator Elizabeth Warren called out Powell for wanting to increase unemployment by 1% in order to increase inflation. The discussion then shifted to the mortgage industry, which will feel the impact of the higher interest rates, as the cost of a 30-year mortgage has since increased by 60% from 18 months ago. The conversation ended with a reminder of how rising interest rates make it difficult for people to own a home, as the cost of a $1500 mortgage is now $2400.The conversation centers around the real estate market and how it has been impacted by the pandemic. It is noted that 18 months ago, a $400,000 house would have been reduced to $250,000 in order to have the same monthly payment. It is also noted that the mortgage industry makes up 15% of the GDP and it is likely to take a hit in the coming months. The speakers discuss the potential of finding distressed sellers in the market, as well as the possibility of taking advantage of the current low-interest rates. They also consider the potential of the Fed's terminal rate rising to 6 or 7%, which would further impact the real estate market. Ultimately, the conversation concludes that the real estate market is likely to see a downturn in the coming months due to the pandemic.The conversation is discussing the unknowns of the mortgage industry and whether or not the Fed will overshoot the rate. The consensus rate has been creeping up for 6-12 months, starting at 4.5 and now at 5.6. The conversation then shifts to how the pandemic has affected the consumer, with many people only buying necessities such as food and not super discretionary items like bikes and TVs. The conversation concludes with the idea that the Fed may overshoot the rate and then quickly pivot to reduce it, likely in the next meeting.0:00:00"JP Powell's Testimony and the Impact on the Economy: A Discussion with Wealth Advisor Dave Abate"0:02:32Analysis of the Impact of Rising Interest Rates on the Mortgage Industry0:04:29Heading: Impact of the Housing Market on Affordability and the Mortgage Industry0:08:43Discussion on the Potential Impact of Rising Interest Rates on the Economy0:10:56Discussion on the Potential Impact of the US Debt Ceiling Crisis0:13:06Discussion on US Treasury Bond Market and US Defense Spending0:16:19Discussion on the US Debt Ceiling, Inflation, and Social Security Reform0:18:15Heading: Exploring Solutions to Social Security Challenges0:21:38Discussion of Potential Solutions to Social Security Funding Challenges0:25:14Heading: Exploring the Possibility of "Bare Minimum Mondays"0:27:39Heading: Exploring the Impact of Quiet Quitting and Working Smarter, Not Harder0:32:35Conversation on Paranormal Experiences

Per CNN and other media outlets, when Florida Gov. Ron DeSantis ran his first campaign for Congress in 2012, he expressed support for “privatizing” Social Security. They predict, with little surprise, that this should provide red meat for attacks from former President Donald Trump and from Democrats, should DeSantis announce a presidential run. If indeed this is the case, it adds credence to Nikki Haley's slogan for her new campaign that we need a new generation of leaders. The president who brought us Social Security, Franklin D. Roosevelt, told the nation in his first inauguration in 1933, in the dark...Article Link

The Social Security 2100 Act was recently introduced by the Social Security Subcommittee of the House Ways and Means Committee. The reinstatement follows the Social Security Administration's latest forecasts that the trust funds will deplete in 13 years. In this episode, Grant dives into the status of the Social Security Trust fund, some potential solutions to buffer its reserves, and his overall thoughts on the proposed bill. [04:35] Concept of Social Security Trust Fund – Grant explains the whole idea behind the social security trust fund and how it has evolved over the decades. [06:10] Time to Revise – Why this is the time to revise rules and regulations related to social security. [09:54] Running out of Money – Grant shares his take on the depleting reserve in the social security trust fund. [14:26] Raise the Retirement age – Though raising the retirement age is an option for buffering the reserve on the trust fund, Grant explains why it may not be as easy as it sounds. [15:06] Increase Taxes – Grant identifies a tax increase as the easiest option politically, and explains how this solution will contribute to the elimination of wealth inequality in the country. [17:30] Adjust the Benefits – How adjusting the amount going out of the fund is another option to prolong the reserve. [18:18] Social Security 2100 act – Grant dives deep into the provisions of the proposed act and shares his thoughts. [23:11] Investing in US Government Bonds – Though there is added risk, Grant explains how investing the excess of the social security trust fund in US government bonds will help to grow the pool of assets a little bit faster.   Resources Social Security Board of Trustees: Combined Trust Funds Projected Depletion One Year Sooner Than Last Year: ssa.gov/news/press/releases/2021/#8-2021-2 Congress has a new plan to fix Social Security. How it would change benefits: cnbc.com/2021/10/26/social-security-what-a-new-plan-in-congress-would-mean-for-benefits.html

It’s certainly been an eventful couple of weeks since our last episode! There’s a very good chance that the first round of COVID-19 vaccines will be administered to our frontline medical heroes before the end of the year. We also saw the Dow Jones pass the historic 30,000 mark for the first time in history. And while that milestone reveals that there’s still some disconnect between Wall Street and Main Street in terms of our economic recovery, we certainly have some very positive signs pointing us towards 2021. On the political front, as states around the country finished counting, recounting, and certifying their vote totals, President-elect Joe Biden started to formalize his transition and announce some of his cabinet nominees. As we move closer to Biden’s swearing-in on January 20th, we thought it would be a good time to remind folks of some changes that are coming to Social Security next year and also discuss potential changes that the President-elect pitched on the campaign trail.

Welcome to the Bridge Policy Download produced by the Mercatus Center at George Mason University. Today, we’re bringing you the audio from a recent webinar we held on social security and progressive reforms. In a new research paper, “An Analytical Framework for Strengthening Social Security,” leading expert Charles P. Blahous details a number of problems facing Social Security and how they can be addressed. Ben Ritz and Jason Fichtner joined Blahous for a discussion to provide insight into the framework and share their research findings. If you’d like to contact a scholar involved in this webinar, please email outreach@mercatus.gmu.edu. We've changed our name! What was formally known at the Mercatus Policy Download is now The Bridge Policy Download. Our goal has always been to provide our audience with smart policy ideas for a growing world, and that remains to be our goal. To learn more about The Bridge, visit mercatus.org/bridge. Subscribe to The Bridge Policy Download for all policy, no punditry, and a path forward, wherever you get your podcasts. 

This week on the podcast, I examine Democratic presidential candidate Joe Biden’s plan to reform Social Security, with the help of economist Richard Johnson of the Urban Institute. Rich is the co-author of a new Urban Institute report on Biden’s plans for both Social Security and Supplemental Security Income, which provides cash benefits to low-income older adults and people with disabilities. The report relies on DYNASIM, a sophisticated economic model that the Urban Institute has been using since the 1970s to projects the size and characteristics of the U.S. population 75 years into the future. Why focus only on the Biden plan, and not President Trump’s? You could well ask that about Johnson’s analysis - or about this podcast. And the answer is simple - there is no Trump campaign plan for Social Security. So before we get into the Biden plan, I want to offer a few thoughts on what it’s been like to cover retirement policy in what I think it’s fair to call a very asymmetrical election year. The Trump campaign hasn’t offered up detailed policy ideas on Social Security, or really, much of anything else. There’s no GOP platform either - something that typically comes out of a political party’s convention. We do know the history of Republican legislative proposals on Social Security. They typically call for restoring the program’s long-range financial balance by cutting benefits via higher retirement ages, less generous cost of living adjustments. But there’s nothing on the table right now to consider.Frankly, I find any effort to make side-by-side comparisons of these two candidates to be a disservice to readers, because it implies that we’re dealing with two normal candidates who can be covered using traditional journalistic methods and tools. But there’s nothing normal about this situation - only one of the two major party candidates does normal stuff - like, proposing ideas and policies. So, on Social Security, I’m just telling you - there’s only one actual plan to cover, and it’s the Biden plan. And Social Security does need reform. The combined retirement and disability trust funds are on track to be exhausted in 2035 - and probably a bit sooner than that due to the pandemic. Exhaustion means there would be sufficient revenue coming in to pay only about 80 percent of promised benefits. At the same time, most Democrats and all progressives believe benefits should be expanded to improve their adequacy - that is, replace more pre-retirement income to help low and middle class retirees maintain their standard of living in retirement.Biden has offered up a balanced plan that addresses both of these challenges. In a typical Biden approach, his plan is moderate. It doesn’t go as far as the party’s left wing would like, but it marks a shift from where Biden - and most other centrist Democrats - have stood on Social Security over the last decade. Notably, Biden’s plan is much more detailed than the typical policy offerings from presidential candidates - as you’ll learn from my  conversation with Rich Johnson.Listen to the podcast by clicking the player icon at the top of the newsletter. The podcast also can be found on Apple Podcasts, Spotify and Stitcher.Not a subscriber yet? Take advantage of a special offerSign up now for the free or subscriber edition of the newsletter, and I’ll email a copy of my latest retirement guide to you. This one looks at dealing with the Social Security Administration during the COVID19 crisis. Customer service at the Social Security Administration has changed during the coronavirus crisis - the agency closed its network of more than 1,200 field offices to the public in March. Just a reminder- subscribers have access to the entire series of guides at any time. Click on the little green button to subscribe, or go here to learn more.Social Security awards a 1.3% COLA for 2021Seniors will receive a 1.3% cost-of-living adjustment (COLA) in their Social Security benefit next year, the Social Security Administration announced. That’s a $20 monthly raise for the typical beneficiary, to about nearly $1,540.That’s a small increase by historical standards, and it may be smaller still for many after Medicare’s Part B premium hike is netted out. We won’t have a final Part B increase amount until sometime in November, and each enrollee’s final Social Security adjustment will vary accordingly. Social Security will mail COLA notices in December that spells out your net increase. Let’s hope those arrive in a timely manner, since, you know - the Postal Service.This year, Congress has capped the Part B increase at 25% of whatever the increase would have been - so that should help somewhat.The maximum income subject to FICA taxes will increase to $142,800 in 2021 (from $137,700 this year).I’ll have full analysis of this next month, after the Medicare figures become available.Open enrollment: Original Medicare or Advantage?Medicare’s open enrollment season begins today, and runs through December 7th. I’ll have analysis soon on the market for prescription drug and Medicare Advantage offerings for next year soon, but just a couple quick points for now:Review your options. Consider how you will receive Medicare benefits in the year ahead, because fall enrollment is the time when most people will be able to make changes.If you have Original Medicare and a Medigap and are happy with your coverage, there’s no need to makea change.If you have a Medicare Advantage or Part D plan, review your coverage options even if you are happy with your current coverage; plans change their pricing and benefits every year.Read the Annual Notice of Change (ANOC) that Medicare sent to you in September (via mail or email). This lists the changes in your current plan, such as the premium and copays, and will compare the benefits in 2021 with those in 2020. Premium newsletter subscribers can review my guide to choosing between Original Medicare and Medicare Advantage here.Timing your retirementRoughly one-third of workers retire earlier than plan, research shows. The most common causes for unexpected early retirement are health problems and job loss. More Americans are planning to work longer to improve their retirement outlook; in this guide we consider those benefits, and ways to manage late-career work in ways that will help you stay in control of your retirement timeline. Click here to download my guide to timing your retirement (subscribers only).Choosing your Medicare coverageOriginal Medicare, or Medicare Advantage?This is the most basic decision you’ll make about health insurance at the point of retirement.If you opt not to join Original Medicare at that time, you forego the preexisting condition protections offered in Medigap supplemental policies. Medicare Advantage can save you money on premiums, but Original Medicare remains the gold standard for its flexible access to providers and predictability of total costs over your lifetime.Click here to download my guide to choosing Medicare coverage (subscribers only). This is a public episode. Get access to private episodes at retirementrevised.substack.com/subscribe

Chase is joined on the show by Concord Coalition Executive Director, Bob Bixby, Concord’s Policy Director, Tori Gorman, and Sr. Policy Director for the Committee for a Responsible Federal Budget, Marc Goldwein. They discuss Goldwein’s paper on pro-growth Social Security reform and how it might need to be adapted in the post-COVID era, how presidential candidates are approaching fiscal policy right now and the status of pandemic-relief legislation negotiations.

The French Social Security Reform turmoil calms a bit, but is still unresolved. Learn the latest from David Schraub -- SOA’s staff French actuary.

A French actuary provides his perspective to the French Social Security Reform and the Resulting Unrest. A mix of actuarial calculation, French culture and political play.

Social Security faces a financial shortfall in the years ahead that requires action by Congress. The combined trust funds for Social Security’s retirement and disability programs are on course to be depleted in 2035; without changes, funding from payroll tax receipts will be sufficient to pay only 80 percent of currently scheduled benefits. That would mean immediate, across-the-board benefit cuts, but the pain would be felt most acutely by today’s younger workers and low-income retirees. But Democrats are aiming to do more than simply address the solvency issue - they want to expand benefits. Their plans range from the relatively centrist proposal now advancing in the House of Representatives from Rep. John Larson, to more bold proposals from Elizabeth Warren and Bernie Sanders. On the podcast this week, we break down the proposals, and take a look at prospects for the Larson bill in the House this fall. My guest is Nancy Altman, one of the most knowledgeable people in the United States on Social Security. You may have heard of Nancy’s work as a progressive advocate for Social Security expansion - she heads up Social Security Works, one of the key grassroots group pushing for expansion as part of an overhaul that also would restore 75-year solvency to the program. But Nancy also wrote the book on the history of Social Security and why it should be expanded. Correction, she actually has written three authoritative books on Social Security. Nancy has been involved with Social Security policy since the 1980s, having served as a staffer on the Greenspan Commission, which crafted the last major Social Security reforms. In this conversation, Nancy and I cover:The 2035 problem (she doesn’t really see it as a “problem,” tho)Ways to restore solvency - basically, higher taxes, benefit cuts or a combination of bothWhy we both think higher taxes are the way to goAn overview of the plans from Larson, Sanders and Warren - also, where does Joe Biden stand on this issue?The politics of Social Security reform this fall and in the 2020 presidential electionRead about the three leading Democratic reform proposals here:Social Security 2100, sponsored by Rep. John Larson in the House of RepresentativesExpansion proposals from Sen. Bernie Sanders and Sen. Elizabeth Warren. expansion plan.Listen to the podcast by clicking on the player icon at the top of this page. The podcast also is available on Apple Podcasts and Stitcher.Subscribe now!This is a listener-supported project, so please consider subscribing. The podcast is part of the subscription RetirementRevised newsletter. Subscribers have access to all the podcasts, plus my series of retirement guides on key challenges in retirement. The series includes topics like Social Security claiming and the transition to Medicare. The series also will include guides to housing strategies for retirement, working longer as a retirement plan and much more. For a sample, check out the recently-published guide to the cost of healthcare in retirement, featuring an interview with retirement educator and actuary Steve Vernon.You can subscribe by clicking the little green “subscribe now” link at the bottom of this page, or by visiting RetirementRevised.com. And if you’re listening on Apple Podcasts or Stitcher, I hope you’ll leave a review and comment to let me know what you think. This is a public episode. Get access to private episodes at retirementrevised.substack.com/subscribe

An exclusive interview with Congressman John Larson about the proposed changes to Social Security in the SS2100 Act. For more information, visit the show notes at https://www.bigpictureretirement.net/109 

This episode of Whistlestop travels back to December 16, 1981 when President Ronald Reagan signs Executive Order 12335, creating the National Commission on Social Security Reform. Whistlestop is Slate's podcast about presidential history. Hosted by Political Gabfest host John Dickerson, each installment will revisit memorable moments from America's presidential carnival. Love Slate podcasts? Listen longer with Slate Plus! Members get bonus segments, ad-free versions, exclusive podcasts and more. Start your two-week free trial at slate.com/podcastplus. Email: whistlestop@slate.com.  Podcast production by Jocelyn Frank. Research by Brian Rosenwald and Elizabeth Hinson Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode of Whistlestop travels back to December 16, 1981 when President Ronald Reagan signs Executive Order 12335, creating the National Commission on Social Security Reform. Whistlestop is Slate's podcast about presidential history. Hosted by Political Gabfest host John Dickerson, each installment will revisit memorable moments from America's presidential carnival. Love Slate podcasts? Listen longer with Slate Plus! Members get bonus segments, ad-free versions, exclusive podcasts and more. Start your two-week free trial at slate.com/podcastplus. Email: whistlestop@slate.com.  Podcast production by Jocelyn Frank. Research by Brian Rosenwald and Elizabeth Hinson Learn more about your ad choices. Visit megaphone.fm/adchoices

Troops deployed to the southern U.S. border - ABC's Bill Zimpfer. Halloween. Social Security Reform. Self-driving cars. To Apu or not to Apu: Cleansing in Springfield?

Stephen Perkins talks with Julian Adorney about why Social Security should be phased out or reformed for the benefit of millennials and future generations.

In this episode of Retirement Starts Today Radio, we read between the lines of new Social Security reform proposals to better help you understand what might lie ahead for the popular social insurance platform.     Here is the exact wording without any additional commentary: From Sam Johnson’s website: The Social Security Reform Act of […]

Washington, DC. - Speaking at The Ripon Society's Bully Pulpit on Social Security Reform, South Carolina Senator Lindsey Graham explains his recently proposed legislation for ensuring the solvency of this important government program.

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