Podcasts about Social Security Trust Fund

Send us fan responses! Your name isn't just what people call you—it's a powerful business entity operating within the complex framework of commerce and tax law. Don Kalam pulls back the curtain on this hidden reality, revealing how treating your name as a legitimate business opens the door to substantial tax credits and refunds that most Americans leave unclaimed.Starting with the fundamental legal foundation that "the United States means a federal corporation" (28 USC 3002), Don explains how every person exists both as a natural being and as a commercial entity. This dual reality creates opportunities for those who understand how to properly structure their affairs. By creating your name as an LLC owned by a holding company where you serve as manager, you establish a legitimate business identity while limiting liability.The pathways to substantial tax recovery become clear as Don walks through specific IRS forms designed for claiming various credits. From Net Operating Losses (allowing up to $250,000 in tax offsets for individuals) to education credits, electric vehicle incentives, and business expense deductions, these opportunities exist within the legal framework but remain largely untapped. The Form 1099-INT represents another powerful tool, enabling you to claim interest on everything from bank accounts to utility payments—interest that legally belongs to you as the private investor.Perhaps most revealing is Don's explanation of how the Social Security Trust Fund owns a significant portion of the US national debt, creating a unique relationship between taxpayers and the system they fund. By understanding this relationship and mastering the distinction between tax avoidance (legal) and tax evasion (illegal), you gain the confidence to properly structure your affairs for maximum benefit.Ready to transform your relationship with the tax system? The journey begins with recognizing what's already true: your name is a business waiting to be properly structured and managed. What will you do with this knowledge?FOLLOW THE YELLOW BRICK ROAD - DON KILAMGO GET HIS BOOK ON AMAZON NOW! https://www.amazon.com/Million-Dollars-Worth-Game-Kilam/dp/B09HQZNRB9 https://donkilam.com https://www.amazon.com/CapiSupport the showhttps://donkilam.com

Air Date: March 2, 2025 If the Social Security Trust Fund runs out of money in less than 10 years… When is the optimal time to file for your benefits? Don't miss Retirement Solutions Radio!

For nearly 50 years after Social Security's inception in 1935, benefits were not subject to federal income taxes. That changed in 1983 when Congress introduced taxation on benefits for higher-income retirees, using a "provisional income" threshold of $25,000 for individuals and $32,000 for couples. However, these thresholds were never adjusted for inflation, leading to a significant increase in the number of retirees paying taxes on their benefits—now nearly 50%. President Trump has proposed eliminating federal taxation on Social Security, a move that could benefit retirees financially but would accelerate the depletion of the Social Security Trust Fund, currently projected to run out by 2034. Removing taxes could shift the depletion timeline up by about a year, raising questions about alternative funding solutions. Potential fixes include raising payroll taxes, increasing the wage base, or pushing back the full retirement age. While tax relief sounds appealing, long-term sustainability remains uncertain.Questions answered:1. Why are Social Security benefits taxed, and how did this change over time?2. What would happen if Social Security taxes were eliminated, and how could it impact the program's future?Submit your request to join James:On the Ready For Retirement podcast: Apply HereOn a Retirement Makeover episode: Apply HereTimestamps:0:00 - SS payments are taxed?1:25 - Provisional income3:18 - Trump's plans for SS6:17 - The downsides8:06 - The SS Trust Fund9:19 - The challenge11:21 - In the meantimeCreate Your Custom Strategy ⬇️ Get Started Here.Join the new Root Collective HERE!

Nate discusses the new Act and the positives and negatives of it, and how it could impact retirees and the Social Security Trust Fund.   Source: https://www.thinkadvisor.com/2025/01/05/biden-signs-social-security-fairness-act-/?kw=Biden%20Signs%20Social%20Security%20Fairness%20Act&utm_source=email&utm_medium=enl&utm_campaign=newsroomupdate&utm_content=20250105&utm_term=ta&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a   https://www.thinkadvisor.com/2025/01/03/debate-is-the-social-security-fairness-act-fair/?kw=Debate%3A%20Is%20the%20Social%20Security%20Fairness%20Act%20Fair%3F&utm_position=1&utm_source=email&utm_medium=enl&utm_campaign=lifehealthweekender&utm_content=20250105&utm_term=tadv&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a   https://www.thinkadvisor.com/2024/12/30/social-security-fairness-act-could-cause-new-problems/?kw=Social%20Security%20Fairness%20Act%20Could%20Cause%20New%20Problems&utm_position=1&utm_source=email&utm_medium=enl&utm_campaign=weekendreview&utm_content=20250104&utm_term=tadv&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a   https://www.thinkadvisor.com/2024/12/27/social-security-fairness-act-calls-for-2024-back-payments/?kw=Social%20Security%20Fairness%20Act%20Calls%20for%202024%20Back%20Payments&utm_source=email&utm_medium=enl&utm_campaign=earlywire&utm_content=20241230&utm_term=tadv&oly_enc_id=4791J5393367D8I&user_id=7dece68a50d12914b4929182d0b4cb5001dd82cb0e00296b32af6f59bb259b0a

This episode looks at whether you qualify or not for the $200 billion Social Security benefits approved by the U.S. Congress. Host David McKnight shares that, with the current status quo, the Social Security Trust Fund is on pace to go bust by 2033. If that were to happen, only about 83% of benefits would be paid out…  If signed into law by President Joe Biden, the Social Security Fairness Act would provide an additional $200 billion in Social Security benefits to nearly 2.8 million Americans over the next 10 years. The Social Security Fairness Act would eliminate two policies that have reduced benefits for public service employees: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). The people most likely to be affected by the elimination of these two provisions are about 28% of state and local government employees who are covered by alternative retirement systems and permanent civilian federal employees hired prior to January 1, 1984. U.S. Senators Sherrod Brown (Ohio) and Susan Collins (Maine), co-sponsors of the Social Security Fairness Act, believe that the WEP and GPO have historically penalized people for choosing to serve their communities by dramatically reducing Social Security benefits.  While David believes that Americans should get their due when it comes to their Social Security benefits, he wonders whether this is something that America can really afford… According to the Nonpartisan Committee for a Responsible Federal Budget, the passage of the bill in question will accelerate the insolvency of the Social Security Trust Fund by six months. David sees the Social Security Fairness Act and its repercussions on Americans as “yet another unfunded obligation on the balance sheet of the Federal Government.”     Mentioned in this episode: David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Congressional Budget Office President Joe Biden U.S. Congress U.S. Senate Senator Sherrod Brown (Ohio) Senator Susan Collins (Maine) CBS News Committee for a Responsible Federal Budget

As the Social Security Trust Fund nears depletion, Americans face potential 20% cuts to benefits starting in 2034, which could significantly affect their retirement security. Financial advisors must help clients understand the importance of personal savings and investments to secure a stable retirement income. And, Michael Saylor, founder and chairman of MicroStrategy, has transformed the company into a major bitcoin investor by reallocating corporate reserves into bitcoin, issuing bonds, and selling stock to fund further bitcoin purchases. And, Rowan University's Ric Edelman College of Communication and Creative Arts now offers a Bachelor of Arts in Esports with tracks in communication, business, and computing, featuring a state-of-the-art facility. #SocialSecurity #RetirementPlanning #TrustFundDepletion #RetirementSecurity #PersonalFinance #SocialSecurityCuts #FinancialPlanning #InvestmentStrategy #LongevityRisk #RetirementIncome #Bitcoin #MicroStrategy #MichaelSaylor #CorporateReserves #BusinessStrategy #BitcoinInvestment #ConvertibleBonds #CorporateTreasury #CryptoMaximalism #EsportsDegree #RowanUniversity #GamingEducation #CareerInGaming #FutureOfLearning #EsportsInnovation #HigherEducation #GlobalGaming #DigitalCareers ----- Join our mailing list: https://www.thetayf.com/pages/podcast Subscribe to podcast updates: https://form.jotform.com/223614751580152  Ask Ric: https://www.thetayf.com/pages/ask-ric  -----   Links from today's show:   Ric Edelman College of Communication and Creative Arts: https://ccca.rowan.edu/ ProtectedIncome.org Study on Retirement and Protected Income:  https://www.protectedincome.org/news/information-gap-advisors-consumers-prip-chapter-3-2024/ Protected Income website: https://www.protectedincome.org/ 11/13 Webinar Replay - An Innovative Way to Generate Income in a World of Declining Rates: https://www.thetayf.com/pages/november-13-2024-an-innovative-way-to-generate-income 10/9 Webinar Replay- Crypto for RIAs: Yield, Staking, Lending and Custody. What's beyond the ETFs? https://dacfp.com/events/crypto-for-rias-yield-staking-lending-and-custody-whats-beyond-the-etfs/ Certified in Blockchain and Digital Assets including Crypto Taxation Course/Webinar: https://dacfp.com/certification/ -----   Follow Ric on social media:   Facebook: https://www.facebook.com/RicEdelman Instagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/ X: https://twitter.com/ricedelman YouTube: https://www.youtube.com/@RicEdelman -----   Brought to you by:   Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.html State Street Global Advisors: https://www.ssga.com/us/en/intermediary/etfs/capabilities/spdr-core-equity-etfs/spy-sp-500/cornerstones Schwab: https://www.schwab.com/ TAYF Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee  

No, it's not real. The Social Security trust fund is a gimmick. And if it were real, it would be full of IOUs. Romina Boccia lays to rest several fictions surrounding Social Security. Hosted on Acast. See acast.com/privacy for more information.

Did you know the Social Security Trust Fund is projected to run out of money in less than 10 years? And now BARRONS has reported if this happens… an average retired couple could lose $16,500 a year in Social Security income. Discover how you could wring every nickel out of your Social Security benefits on a special edition of "Are Your Social Security Benefits at Risk?" Air Date: 11/2/24

This week's episode dives into key election-related issues that could significantly impact Social Security and the broader economy. With projections indicating that the Social Security Trust Fund could be depleted in six years under another Trump presidency, while a Harris presidency may maintain the status quo, voters must consider the fiscal implications of their candidates' policies. Topics covered include the impact of tax exemptions, tariff policies, and entitlement expansion, all of which threaten the solvency of the nation's mandatory programs. Watch the episode on YouTube below, listen to it on Apple Podcast or Spotify, and visit my website for more information.

The Congressional Budget Office now projects that the Social Security Trust Fund will be depleted by 2034, highlighting a critical and ongoing financial challenge. With benefits potentially cut by 23% for retirees, the need for Congress to address the sustainability of Social Security is urgent, particularly as many Americans rely on these benefits for their livelihoods. Plus, a listener's dilemma highlights the need to adapt investment strategies when transitioning from equities to cryptocurrencies, as the extreme volatility of crypto demands a different approach than traditional stock market rules. Hashtags: #SocialSecurity #TrustFund #CBO #RetirementPlanning #EconomicCrisis #BenefitCuts #PayrollTaxes #Congress #Retirees #FinancialFuture #AgingPopulation #SocialSecurityBenefits #PersonalFinance #PolicyChange #DependenceOnSocialSecurity #2034Crisis #Ethereum #CryptoInvesting #StockMarket #InvestmentStrategy #Volatility #Rebalancing #LongTermInvesting #CryptoETF #PatienceInInvesting #PortfolioManagement #SellLow #InvestmentAdvice #WealthBuilding #MarketTrends ----- Subscribe to podcast updates: https://form.jotform.com/223614751580152 Ask Ric: https://www.thetayf.com/pages/ask-ric -----  Links from today's show:  Social Security Trust Fund: https://www.ssa.gov/policy/trust-funds-summary.html Congressional Budget Office: https://www.cbo.gov/publication/60691 Social Security Administration: http://www.ssa.gov/ Our Spot Ethereum ETFs Toolkit at DACFP.com https://dacfp.com/ethtoolkit/ 10/23 Webinar - How to Factor Longevity into Your Financial Planning:  https://www.thetayf.com/pages/october-2024-webinar-how-to-factor-longevity-into-your-financial-planning 9/25 Webinar Replay - Unlocking Alpha in Crypto-Equities and Beyond: https://dacfp.com/events/unlocking-alpha-in-crypto-equities-and-beyond 9/20 Webinar Replay - Q4 Crypto Outlook: What You Need to Know Now: https://dacfp.com/events/q4-crypto-outlook-what-you-need-to-know-now 9/11 Webinar Replay – Rates are Poised to Drop, Now What?: https://www.thetayf.com/pages/rates-poised-to-drop-now-what Become Certified in Blockchain and Digital Assets: https://dacfp.com/certification/ -----  Follow Ric on social media:  Facebook: https://www.facebook.com/RicEdelman Instagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/ X: https://twitter.com/ricedelman YouTube: https://www.youtube.com/@RicEdelman -----  Brought to you by:  Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.html State Street Global Advisors: https://www.ssga.com/us/en/intermediary/etfs/capabilities/spdr-core-equity-etfs/spy-sp-500/cornerstones Schwab: https://www.schwab.com/ TAYF Disclosure page: https://www.thetayf.com/blogs/disclosures/important-disclosures-stone-ridge-longevity-etfs

Abe Ashton discusses how Social Security is facing a solvency crisis within the next 10 years, and one option to fix it could be to raise the full retirement age. Congress is considering raising it to age 70. However, studies show that raising the age alone will not be enough to shore up the Social Security Trust Fund.  As the founder of Ashton and Associates, Abe Ashton has more than 20 years of financial planning experience helping thousands of families in Utah, Nevada, and across the country retire with confidence. Abe's mission is to provide client-focused education and solutions to seniors and retirees, that help them achieve the retirement they've worked so hard for. To get more information on Ashton & Associates, or to schedule a consultation call, 435-688-9500 or visit AshtonWealth.comSee omnystudio.com/listener for privacy information.

Send us fan responses! What if you could legally avoid taxes while building generational wealth? That's exactly what we're diving into this week with Don Kilam. We start by exploring the critical distinction between being a consumer and an investor, and why operating in a tax-free position is essential for effective wealth creation and transfer. Don shares insights into the importance of your family name and structure in legacy building, and how understanding consumer law and investor protection can elevate everyone in your tribe. Plus, we uncover a unique strategy involving Section 8 housing as a lucrative income source.Next, we take a deep dive into family trusts and the complex world of wealth transfer and tax obligations. Learn why the Social Security Trust Fund plays a significant role in the national debt and how personal financial instruments like trusts and wills can help you avoid the pitfalls of probate court. Don also sheds light on the legislative roots of the Social Security Act of 1935 and the nuanced differences between public and private sectors, providing a comprehensive blueprint for ensuring proper wealth management and inheritance.Finally, we tackle the intricate mechanics of private trusts and asset protection. Discover how Social Security numbers and birth certificates function as trust mechanisms and how private trusts can offer unparalleled control and tax advantages. Don discusses strategic investments through private placement accounts, the utility of holding companies in tax-friendly states, and the crucial role insurance policies play in preserving trust assets. We wrap up with exciting details about our upcoming private trustee training event and how you can join our exclusive community to take your financial acumen to the next level.https://www.amazon.com/Million-Dollars-Worth-Game-Kilam/dp/B09HQZNRB9 https://www.amazon.com/Capi https://www.amazon.com/Cant-Touch-This-Diplomatic-Immunity/dp/B09X1FXMNQ https://www.amazon.com/Million-Dollars-Worth-Game-Kilam/dp/B09HQZNRB9Support the Show.https://donkilam.com

Send us fan responses! Can your financial destiny be shaped by the power of choice? Tune in to discover how a shift from a consumer mindset to an investor mindset can unlock the door to true wealth and power. We're critiquing the common pitfalls of taking financial advice from the uninformed and examining how government-issued identifiers like Social Security numbers might be hindering your progress more than helping it. Learn why surrounding yourself with successful individuals is crucial for breaking free from the cycle of poverty and setting yourself on a path to financial independence.Ever wondered how holding companies and special purpose vehicles (SPVs) can play a significant role in your financial strategy? This episode unpacks complex legal and financial terminology, shedding light on the concepts of "State" and "United States" in various legal contexts. Explore the notion of "instrumentality" in business law, understand the importance of holding companies in controlling securities, and discover how personal names can be transformed into financial assets. We also tackle national debt, the Social Security Trust Fund, private placements, and asset-backed securities, emphasizing the critical need for private education to navigate these intricate financial landscapes.Unlock the secrets of stock transfer agents and the strategic creation of SPVs for your business endeavors. We dive into the world of credit card receivables as asset-backed securities and the benefits of private placements for selling company shares. Find out how early investors and employees can gain liquidity and why understanding and controlling your assets is vital. Finally, we uncover the complexities of Social Security numbers, explaining how they function as benefit accounts and why this inadvertently grants the government control over your assets. We emphasize the importance of knowing the limitations and implications of using Social Security numbers for asset management, providing you with vital insights to achieve financial freedom and wealth creation.https://donkilam.com https://www.amazon.com/Capi https://www.amazon.com/Million-Dollars-Worth-Game-Kilam/dp/B09HQZNRB9Support the Show.https://donkilam.com

Will your benefits be there when you need them the most? If so, should you collect your benefits as soon as possible? This is something I'm frequently asked, so much so that I decided it was time to address it. So in this episode of Retire with Ryan, I'll cover how Social Security works, how long Social Security will remain solvent, and whether or not you should collect early.  You will want to hear this episode if you are interested in... [1:52] How does social security work? [4:23] Social Security solvency report [6:10] What are the options? [10:24] Are there enough people paying in?  [11:25] Should you wait to collect Social Security?  How does social security work? Every dollar you earn—up to an annual maximum amount—is taxed for Social Security and Medicare. This is known as the FICA tax. You pay 6.2% of your income up to $168,600. The company you work for also pays 6.2%. If you're self-employed, you pay both portions. The amount you earn over $168,000 isn't subject to the FICA tax (but is subject to the Medicare tax). The limit is adjusted upward annually.  The money is used to pay current Social Security beneficiaries their monthly check. When social security first started, 40 people were paying into the fund to every one person collecting. That ratio is now closer to 2-to-1.  The initial surplus was put into the Social Security Trust Fund to pay for future benefits. Now, more funds are being paid out than taxes being collected. The government is covering the deficit from the trust fund. This is why people are worried that Social Security will go broke.  Social Security solvency report Each year, a report is issued on the solvency of Medicare, Social Security, and other social systems. It states that, unfortunately, Social Security and Medicare programs both continue to face significant financing issues. What else does it say? The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of the total scheduled benefits until 2033. After this, 79% of scheduled benefits will be paid annually. If nothing is done in the next nine years, starting in 2033, recipients will see a 21% reduction in their benefits. This would be catastrophic for most people. How can we solve the solvency problem?  Most retirees get 40% of their income from Social Security. Congress must do something to make sure people receive the same benefits. What can they do? Raise the Social Security earnings limit: They could raise or do away with the annual cap and tax everyone on their entire annual income.  Increase in the percentage that's paid in: Instead of 6.2%, they may raise the FICA tax to 7.2% or 8%.  Increase in the age of retirement: Full retirement age for someone born after 1960 is 67. They may raise the age to 68, 69, or 70.  Increase the taxation of benefits: Social Security benefits are taxed based on your earned income in the tax year you're receiving your benefits. Benefits weren't taxed in the past. But in 1983, Social Security was made taxable.  Changing the cost-of-living adjustment calculation: In 2024, the COLA was 3.2%. With the high inflation we're experiencing, this adjustment gives people a chance to have their income keep pace with inflation.  Part of Social Security money could be set aside and invested in stocks/bonds: This is a quite unpopular proposition that some people believe is too risky.  Congress needs to decide what they're going to do and pass a bill into law. However, Congress tends to wait until the last minute to get things done. The last big change was in 1983. Hopefully, the next change will make the system solvent for longer.  Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Fiduciary: How to Find, Hire, and Establish an Aligned and Trusted Partnership with a Fee-Only Financial Advisor Status of the Social Security and Medicare Programs (2024) Cost-of-Living Adjustment (COLA) Information for 2024 How Medicare Enrollment Impacts HSA Contributions  Changes to the Social Security Cost of Living Adjustment in 2023 Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact   Subscribe to Retire With Ryan

Send us a Text Message.What if you could unlock the secrets of financial freedom and private investing? Join me, Don Kilam, on an enlightening journey as we explore the nuanced differences between the public and private sectors, uncovering the key role of acting as your own private banker. We'll dissect the distinctions between public and private banks and examine how generally accepted accounting principles (GAAP) shape auditing and investment decisions. Plus, we'll tackle the implications of canceled debts and charge-offs for income tax purposes, guided by IRS publication 4681 and topic 431.Ever wondered how the Social Security Trust Fund truly operates? Let's break down the components, funding mechanisms, and intricate management by the U.S. Treasury. Discover how payroll taxes contribute to the Old Age and Survivor Insurance and Disability Insurance Trust Funds, and how these funds are invested in special issue securities. We'll also shine a light on the relationship between the trust fund and the general fund, discussing the potential impact on national debt when presidents borrow from Social Security. Additionally, we'll explore the world of debt securities, including sovereign debt, corporate bonds, and municipal bonds, illustrating their significance in public infrastructure and services.Ready to demystify securitization and navigate private investments like a pro? We'll unpack the concept of student loan asset-backed securities, guiding you through the transformation of pools of assets into interest-bearing securities. We'll clarify the differences between government-guaranteed and private student loans, the role of issuers, and the importance of understanding commercial paper, shares, stocks, and SEC forms. By mastering these concepts, you can confidently maneuver through the complex world of private investing. Finally, embrace your inherent right to prosperity with actionable steps and resources, and don't forget to check out my bestselling book, "Financial Freedom," for even deeper insights.https://onlyfans.com/donkilam https://onlyfans.com/donkilam https://www.amazon.com/Capi https://www.amazon.com/Million-Dollars-Worth-Game-Kilam/dp/B09HQZNRB9Support the Show.https://donkilam.com

Send us a Text Message.Unlock the doors to financial mastery and say goodbye to the consumer mindset that's been holding you back! Our latest podcast episode is nothing short of a financial enlightenment journey, guiding you through the sophisticated world of private banking, investments, and the legalities that shape your wealth. Prepare to redefine financial freedom as we dissect topics from charge-offs as income to leveraging your status in the ever-evolving financial and legal landscapes.Embark on an adventure through the complex terrains of asset-backed securities, mortgage-backed securities, and understand the pivotal role you unwittingly play as a principal investor. With our expert guests sharing their deep insights, learn how special purpose vehicles can insulate you from financial risk, and how entities like the Social Security Trust Fund play into public ownership of national debt. This episode is a treasure map to navigating the U.S. financial system with the finesse of a skilled investor.Finally, we equip you with the tools for status correction and taxation strategies that could shield your assets and optimize your tax positions. From understanding trusts and specialized tax forms like the 1041 NR, to unpacking investor tax forms and accounting regulations, our conversation is a masterclass in managing your financial and legal identity. It's time to step out of the shadows and claim your place in the realm of financial liberation – our episode is the key.https://onlyfans.com/donkilam https://onlyfans.com/donkilam https://www.amazon.com/Capi https://www.amazon.com/Cant-Touch-This-Diplomatic-Immunity/dp/B09X1FXMNQ https://www.amazon.com/Million-Dollars-Worth-Game-Kilam/dp/B09HQZNRB9Support the Show.https://donkilam.com

Purdue agricultural economist, Larry Deboer, posits what could happen to Social Security in this episode of Capital Comments.

Send us a Text Message.Unlock the secrets of navigating the financial maze with precision and acumen. Join us as we are graced by an expert in asset protection and SEC rules, who sheds light on the complexities of raising capital, securitization audits, and the enigmatic QSIP numbers. From understanding the pivotal roles of private and public sector economics to mastering the transitions in societal roles – our conversation is a treasure trove of knowledge that serves as a roadmap for anyone looking to elevate their financial literacy and harness the power of financial instruments.As we traverse through the realms of Social Security Trust Fund investments and the profound impact they have on the national deficit, our discourse illuminates the intricate connections between personal investments and national financial health. Delve into strategies for private investing, the nuances of GAAP standards, and the legal frameworks that bind personal identity to debt. This episode is an invitation to claim your rights as an investor, unmask the complexity of financial regulations, and build wealth with a spirit of empowerment and alignment.Wrapping up, we offer practical guidance on financial auditing and compliance, including the ins and outs of GAAP for public companies, and tracking the elusive paper trail of loans. Our narrative unravels the role of Special Purpose Vehicles and the significance of understanding agency in legal and financial contexts. Whether you're filing taxes, setting up estate trusts, or seeking financial consultation, our episode is a catalyst for asserting your financial sovereignty, understanding the powerful dynamics of trust and agency, and embarking on a journey to financial mastery that aligns with your core values and aspirations.https://onlyfans.com/donkilam https://onlyfans.com/donkilam https://www.amazon.com/Capi https://www.amazon.com/Cant-Touch-This-Diplomatic-Immunity/dp/B09X1FXMNQ https://www.amazon.com/Million-Dollars-Worth-Game-Kilam/dp/B09HQZNRB9Support the Show.https://donkilam.com

According to a government report released this week, Congress has until 2033 to fix Social Security before retirees receive an automatic benefit cut of about 21%. This is a more optimistic estimate from a previous report that stated the Social Security Trust Fund would run dry sooner, but it still paints a grim picture for a program that millions of retirees rely on.Today, NPR's Chief Economics Correspondent joins the show to explain what exactly lawmakers can do to fix Social Security and why proposed solutions might be easier said than done.Related episodes:What would it take to fix retirement? (Apple / Spotify) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

This episode features Chad Burton discussing various financial topics such as the stock market, retirement planning, Social Security, real estate, and estate planning. Chad provides insights on the current state of the market, the challenges facing Social Security, the importance of tax-efficient investing, and the strategies for wealth preservation and retirement planning. He emphasizes the need for proper financial education, especially for younger individuals, and highlights the significance of estate planning to ensure the responsible management of inherited assets. The episode also promotes an upcoming event focused on wealth preservation and retirement planning, where attendees can gain valuable insights and advice from Chad Burton. Timestamps: [00:02:39] Social Security Trust Fund [00:05:00] Employer-funded child benefits. [00:09:00] Endless travel pass for $2,500. [00:12:54] Non-traded REITs and their risks. [00:17:00] ALICE financial struggles. [00:19:33] Financial literacy in education. [00:22:43] Property tax advantages in retirement. [00:27:54] Renting vs. Buying Homes. [00:31:14] Haunting children with estate planning. [00:34:42] Teaching financial responsibility to heirs. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

Millions of college students across the US graduate each spring and enter the workforce. When today's retirees entered the workforce in the early 1980s, pension plans and Social Security benefits were two of the main sources of retirement income. Just a couple decades later, defined benefit (DB) plans were overtaken by defined contribution (DC) plans such as 401(k)s, and an aging population was slowly depleting the Social Security Trust Fund. This was a massive shift in a relatively short period of time, and it forever changed one of the most important and challenging aspects of personal finance. Workers are facing another pivotal moment in retirement saving, especially as higher interest rates change the investment landscape. What's increasingly clear is that employer-based plans will play a crucial role in helping people financially prepare for retirement. This episode of The Outthinking Investor brings together fresh perspectives on the future of DC and DB plans in a higher-rate environment, expanding investment options in retirement plans, retirement challenges arising from an aging workforce and growing debt, and more. Our guests are Barb Marder, CEO of the Employee Benefit Research Institute (EBRI); Brooke Masters, US financial editor of the Financial Times; and Josh Cohen, Head of Client Solutions for PGIM DC Solutions. For more retirement insights, listen to The Accidental Plan Sponsor, a podcast series from PGIM DC Solutions.

Send us a Text Message.Unlock the doors to your financial and legal enlightenment with me, Malik Kalam, also known by many of you as Don Kilam. Today, we embark on a profound exploration of the systems that shape our financial and legal realities, guiding you through the historical journey of currency and beyond. Witness how the understanding of time and energy as the truest of resources can revolutionize your perspective on prosperity. We cut through the complexity of the United States national debt and the Social Security Trust Fund, demystifying the role of personhood in our legal system.As your trusted guide, I reveal the inner workings of the public and private sectors within the legal framework, exposing the intricate ties between individuals and corporate entities. Hear about the concept of securitization and the pivotal need for status correction to reclaim financial autonomy. The conversation evolves as we tackle the power dynamics between private equity and principal investors, highlighting the influence of enrolled agents and financial standards on shaping your financial destiny. This session is a call to arms for self-empowerment, as we lay the groundwork for you to grasp your legal status and seize control over your investments and financial future.In a special discussion, we also consider the unique perspective of securitizing baptismal certificates in churches, hinting at the untapped potential of these documents in identity and community building. I extend heartfelt peace and love to all my listeners and underscore the importance of engaging with our content and joining our private community for deeper insights. Embrace this opportunity to walk the path of greatness, leadership, and the pursuit of prosperity as we collectively strive for an enlightened existence.https://onlyfans.com/donkilam https://onlyfans.com/donkilam https://www.amazon.com/Capi https://www.amazon.com/Cant-Touch-This-Diplomatic-Immunity/dp/B09X1FXMNQ https://www.amazon.com/Million-Dollars-Worth-Game-Kilam/dp/B09HQZNRB9Support the Show.https://donkilam.com

On this UVA Speaks podcast, Leora Friedberg, Associate Professor in the Department of Economics and the Frank Batten School of Leadership and Public Policy, shares with us the history of Social Security and concerns for the solvency of the Social Security Trust Fund. Friedberg explains that the U.S. government has known about the future shortfalls for decades and describes proposed reforms. Her research details inequalities inherent in the system that could inform policy revisions. Transcripts of the audio broadcast can be found here. Leora Friedberg, Associate Professor and Vice Chair in the Department of Economics in the College and Graduate School of Arts & Sciences and Associate Professor of Economics and Public Policy in the Frank Batten School of Leadership and Public Policy. Her research interests include public and labor economics and domestic policy. Friedberg is the Co-Director of the Retirement Research Institute and a Faculty Affiliate at the Virginia Center for Tax Law.

US Representative Schweikert. Pointing out that the Social Security Trust Fund is running out of money within a decade opens you up to attack ads. How to watch the State of the Union. Ann Coulter on crime rates and the migrant crisis. An issue despite one voice that there is no issue. Joe Scarborough loses touch with reality.

On this week's Best of Simply Money podcast, Amy and Steve explain why the Fed won't commit to lowering interest rates in March. Plus, they examine whether the Social Security trust fund is invested properly, and answer your retirement planning questions.

Send us a Text Message.Unlock the secrets to enhancing your financial savvy with a deep dive into the world of credit and the powerful influence of GAAP-compliant financial statements. In our latest episode, we dissect the complex relationship between your financial documentation and your credit standing, emphasizing the critical role that certified, auditor-verified statements play in your personal and business financial health. We tackle the often daunting arbitration process, providing strategic insights on how to effectively challenge discrepancies with credit bureaus. Plus, we illuminate the authoritative framework of the Generally Accepted Accounting Principles and the Financial Accounting Standards Board, equipping you with the know-how to confidently assert your consumer rights and navigate the financial landscape.Venture further with us as we unravel the intricacies of the Social Security Trust Fund, comprising the Old-Age and Survivors Insurance as well as the Disability Insurance Trust Funds. We explore the fund's dual components, their operational mechanisms, and the pivotal role played by the Treasury in their management. Delving into the historical backdrop of the 1935 Social Security Act and the consequential Payroll Taxes, we probe into the investment of excess funds and the complex relationship among the Treasury General Account, the Federal Reserve, and the wider economic network. This comprehensive tour through the financial system culminates with an overview of monetary policies and their wide-reaching implications on our economy, providing you with a robust understanding of these pivotal national financial structures.https://onlyfans.com/donkilam https://www.amazon.com/Million-Dollars-Worth-Game-Kilam/dp/B09HQZNRB9Support the Show.https://donkilam.com

In this episode, Ric examines the financial disparities between generations, questioning the relevance of senior discounts when older Americans often have greater financial stability. He explores the evolution of Social Security since 1935, highlighting the shift in life expectancy and financial needs. Ric addresses the imbalance in financial burdens between younger and older generations, focusing on the sustainability of government spending on Social Security and Medicare. Today's podcast critically explores the impending 'age war' in America.Subscribe to podcast updates: https://form.jotform.com/223614751580152Ask Ric: https://www.thetayf.com/pages/ask-ricRic's Books: https://www.amazon.com/stores/Ric-Edelman/author/B000APYJPM-----Links from today's show:Rowan University: https://www.rowan.edu/Social Security Trust Fund: https://en.wikipedia.org/wiki/Social_Security_Trust_Fund-----Follow Ric on social media:Facebook: https://www.facebook.com/RicEdelmanInstagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/X (formerly Twitter): https://twitter.com/ricedelman YouTube: https://www.youtube.com/@RicEdelman-----Brought to you by:Global X ETFs: https://www.globalxetfs.com/Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.htmlSchwab: https://www.schwab.com/Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee-----

10-28-23See omnystudio.com/listener for privacy information.

In this episode, we open the phone lines and talk directly with our listeners to answer their burning questions.   Mark from Maryland starts us off, delving into the graduated progression of taxation. Devin sheds light on the historical backdrop and the ongoing challenges of the Social Security Trust Fund, underscoring the reverberations of past political decisions. Lola from Kansas grapples with the optimal timing of her Social Security benefits claim, juxtaposed against the future of her Medicare once her husband steps into retirement. Devin and John unpack the intricacies of Medicare, particularly when transitioning from an employer offering continued health insurance. Carolyn from North Carolina seeks clarity on the often-misunderstood spousal benefit. Devin elucidates the disparities in benefits between higher earning spouses and their lower or non-earning counterparts. Lastly, Kevin from Indiana, on the brink of his retirement in March, is on the lookout for guidance on navigating his debt, his 457 plan, and the maze of Social Security benefits. Armed with Kevin's detailed financial profile, the hosts chart out strategic avenues, emphasizing the criticality of gauging net income needs prior to retirement decisions. The conversation also touches on tax implications, the art of bracket management, and the sway of interest rates over debts. If you're thinking "I love the Big Picture Retirement podcast” please consider rating and reviewing this show! This helps us support more people -- just like you -- move toward a confident retirement. Just scroll down to the “ratings and reviews” section, tap to rate with five stars, and select “Write a Review.” Then be sure to let us know what you loved most about the episode! Also, if you haven't done so already, follow the podcast. We're adding new content every week and if you're not following there's a good chance you'll miss out. Follow now! Want to ask Devin or John your question? Just visit https://www.bigpictureretirement.com/ and look for the tab on the right side that says “Send A Voicemail.”  Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.  Contact Devin's team at https://www.carrolladvisory.com/  Contact John's team at https://www.rossandshoalmire.com/ 

For the pivotal Episode ONE HUNDRED, we have the #CashFlowNinja himself, MC Laubscher returning!Is #SocialSecurity bankrupt and unsustainable?  Listen in to our thoughts and action steps!Tip/Trivia – BY LAW, if there are excess funds in the Social Security Trust Fund, they MUST be invested in only ONE thing....US Government DEBT. RESOURCES MENTIONED:Signup for my newsletter!Episode 31Episode 74FDR Signs into law the Social Security Act of 1935President George W. Bush's ProposalSimon Black of Sovereign ManWhy is retirement age 65?Macron's unpopular plan to raise France's retirement age is enacted into lawYahoo Finance - % of $AMT owned by institutionsEpisode 32 - How inflation can make you RICH!Larry Fink and ESGFederal Reserve raises rates the FASTEST in DECADES!ChatGPTProject HamiltonWhat Retiring Baby Boomers Mean for the Economy?What is Counterparty risk?The Canadian Money RoadmapDiscover strategies to save, invest, and grow your money effectively.Listen on: Apple Podcasts Spotify DoD Contract AcademyThe US military buys everything from office supplies and landscaping services to the...Listen on: Apple Podcasts SpotifySupport the show

This week on Facing the Future, we catch up with Phill Sletten, research director of the New Hampshire Fiscal Policy Institute, a Concord based nonpartisan state budget think tank. Phil walks us through the current state budget snapshot and talks about some of the short and long-term economic challenges facing the Granite State. Though a smaller scale, many of New Hampshire's budgetary problems mirror our national fiscal challenges at the federal level. Plus, we hear from Concord Coalition chief economist Steve Robinson who has just completed a three-part issue brief series looking at the history and future of the Social Security Trust Fund.  

This week on Facing the Future, we catch up with Phill Sletten, research director of the New Hampshire Fiscal Policy Institute, a Concord based nonpartisan state budget think tank. Phil walks us through the current state budget snapshot and talks about some of the short and long-term economic challenges facing the Granite State. Though a smaller scale, many of New Hampshire's budgetary problems mirror our national fiscal challenges at the federal level. Plus, we hear from Concord Coalition chief economist Steve Robinson who has just completed a three-part issue brief series looking at the history and future of the Social Security Trust Fund.

Hosts Jeff Benjamin and Bruce Kelly tackle the Wells Fargo riddle, with its budget cuts that sent a sizable group of advisers packing. The Social Security trust funds, created to help pay future retirement benefits when payroll tax revenues alone are no longer sufficient, will run dry sooner than previously predicted due to the COVID-19 pandemic and the recession it triggered. Mary Beth Franklin joins to discuss her important cover story.

Nick Hopwood is a Certified Financial Planner, Founder, and President Peak Wealth. Inflation. Fed Rate Decision. AI. Social Security Trust Fund.

This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question. In today's episode, Patti answers a question that has been on many people's minds….Are We at Risk of Losing Our Social Security?  Patti answers this question point-blank and then offers many reasons why we should remain optimistic.  She reviews the many solutions available to save this system of income that so many Americans rely on.  This is a timely episode that will help guide our decisions as we reach specific ages in retirement.

Imagine realizing that your Social Security benefits could be reduced by 23% in the near future - what would you do? In today's episode, I tackle the alarming issue of the Social Security Trust Fund's impending insolvency and discuss various predictions on when it will go broke. Find out the implications for both retirees and workers, and learn how millions of Americans might be affected by reductions in benefits or double-digit tax increases.I'll also share some ideas on how retirees can reduce their spending and find alternative income sources. I'll highlight some mutual funds and ETFs offered by Invesco and Global X that could help you achieve your financial goals. Also, check out my wife's podcast, Self-Care with Jean Edelman, for insights on mindfulness and overall wellness.Subscribe to podcast updatesAsk Ric | Ric's Books-----Links from today's show:Invesco ETFsGlobal X ETFsSelf-Care with Jean EdelmanFollow Ric on social media:Facebook | Instagram | LinkedIn | Twitter | YouTubeBrought to you by:Global X ETFsInvesco QQQSchwabDisclosure page-----

#BRNAM #1273 |  Improving the solvency of the Social Security Trust Fund | Bill Cassidy, M.D., U.S. Senator, State of Louisiana  | #Tunein: broadcastretirementnetwork.com or your #favorite #streaming / #podcast / #smarttv / #localtv / #digital #platform

The 2023 annual report by the trustees of Social Security and Medicare reveals the same depressing projections. Both funds face longterm shortages amid sluggish economic growth. Social Security and Medicare are vitally important to older citizens, most of whom depend upon them for retirement security. The report stated that the main Social Security Trust Fund will be depleted in 2033. And the Medicare Hospital Trust Fund will be drained of resources in 2031. Let's delve into both Social Security and Medicare in more detail. Social Security comprises two funds. The Old Age and Survivors Trust Fund (OASI) pays retirement benefits,...Article Link

Sam and Romi discuss the news about the Social Security Trust Fund running out of money in 2033. 00:32 - Intro 05:31 - Ways to set yourself up financially 15:54 - Pivoting industries and transferable skills 20:13 - Starting a business Don't forget to subscribe to our YouTube channel, and ring the notification bell so you never miss a future upload! https://www.youtube.com/@mindsetrebooted   Follow us on social media: Sam's LinkedIn —https://www.linkedin.com/in/samuel-haye/ Romi's LinkedIn — https://www.linkedin.com/in/romisunga  

Janet Yellen appeared in front of a Senate Finance Committee in March where explosive testimony erupted when a senator from Louisiana asked a line of questions regarding the impending insolvency of Social Security. The Social Security Trust Fund is due to go broke in nine years, at which point recipients will receive 24% fewer benefits when that happens. Of the $4.5 trillion in taxes proposed by President Joe Biden, none of those tax increases are earmarked for shoring up Social Security. A bipartisan group of senators has made repeated requests to meet with the president regarding the plan for Social Security, all of which have been ignored. President Biden has proposed increasing the taxes on individuals making over $400,000 to address these issues. The challenge with that is, in order to put the nation on a sustainable path, tax rates would have to rise to absurdly impractical levels. Doubling the debt-to-GDP ratio would be devastating for the economy, which is essentially the situation if the president doesn't take action. The scenarios are: we do nothing and all Social Security recipients receive a 24% cut in benefits, keep borrowing money and double the debt in the short-term, or try to put a sustainable plan into place. The third option has mostly been ignored up until this point. There are honest politicians on both sides of the aisle. Unfortunately, many are not willing to make tough decisions for fear of alienating a portion of the electorate. This exchange indicates that President Biden is opting for a delay strategy, which is bad news for Americans with the majority of their money in tax-deferred accounts.     Mentioned in this episode: David's books: Power of Zero, Look Before Your LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com

This week on Facing the Future, we travel to Iowa to get some perspectives on the long-term fiscal and economic challenges facing the United States. We are joined by a panel of experts from the University of Iowa Tippie College of Business to look at short and long-term economic trends and how to bring down the cost of healthcare. They were joined by Concord Coalition chief economist Steve Robinson who takes a look at the current debt limit fight in Congress, and what is at stake for our economy. Plus, how can we avoid the Social Security Trust Fund going insolvent which could mean major benefit cuts for seniors. 

This week on facing the future, we travel to Iowa to get some perspectives on the long-term fiscal and economic challenges facing the United States. We are joined by a panel of experts from the University of Iowa Tippie College of Business to look at short and long-term economic trends and how to bring down the cost of healthcare. They were joined by Concord Coalition chief economist Steve Robinson who takes a look at the current debt limit fight in Congress, and what is at stake for our economy. Plus, how can we avoid the Social Security Trust Fund going insolvent which could mean major benefit cuts for seniors.

Does this email look familiar to you? Unfortunately, due to Covid, we had to postpone last week's show and rebroadcast a former show. However, we're back and feel better than ever. Looking forward to spending the hour with you! The ever-changing income scene as well as potential opportunities you might take never cease to amaze. But at least it gives us more to talk about than the unseasonable weather lately. First, we will discuss the impact of 8.7% increase in Social Security – specifically, how it will impact those who are not yet collecting, and how it will affect the Social Security Trust Fund. Second, the Medicare situation also bears watching as we continue to observe how that performs. Finally, given the declines we've seen in the stock market last year as well as the anticipated volatility this year, we will examine how to best approach 2023 for opportunities and cautions.

The past couple of days I've been talking with you about retirement, how to calculate in about 30 seconds how much money you're going to need and what to do when you get laid off in your 50s and 60s and you find yourself getting discriminated against because of ageism. Now, I want to talk with you about a related topic, Social Security. -----Links from today's show:WSJ Op-Ed by Andrew BiggsThe Must-Read Kevin McCarthy Quote on Social SecurityA desperate plea - then race for a deal before 'sucker goes down'Webinar replay: What's Next for Crypto in 2023-----Brought to you by:Global X ETFsInvesco QQQSchwab-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page

On today's show: A conversation with Perianne Boring, Founder and CEO of the Chamber of Digital Commerce, on when we are going to see a Bitcoin ETF. A look at Social Security and whether it's going to be there when you reach retirement. A new study that reveals how mental declines impact seniors' financial skills. What the demand for copper means for our economy, and our weekly health and wellness segment with my wife, Jean Edelman.Ask Ric a question on his show.

This week on Facing the Future, we once again return to an all-star panel of Concord Coalition experts to examine the latest reports from the Trustees of the Social Security and Medicare Trust Funds.  Those reports show that without major action by Congress, the Medicare Trust Fund will be out of money by 2028, and the Social Security Trust Fund will be depleted by 2035. Concord Communications Director Av Harris sits in as guest host.   

This week on Facing the Future, we once again return to an all-star panel of Concord Coalition experts to examine the latest reports from the Trustees of the Social Security and Medicare Trust Funds. Those reports show that without major action by Congress, the Medicare Trust Fund will be out of money by 2028, and the Social Security Trust Fund will be depleted by 2035. Concord Communications Director Av Harris sits in as guest host.

Welcome to the 15th episode of the Manager Minute. Joining Carol Pankow in the studio today is Cheryl Fuller, VR Division Director with the Texas Workforce Commission and also incoming CSAVR President. Today we will talk about Social Security's VR Cost Reimbursement program, which was authorized in 1981. The purpose of that program is to make State VR services more readily available to SSA beneficiaries with disabilities and to generate savings for the Social Security Trust Fund for SSDI beneficiaries and the General Revenue Fund for SSI recipients.   Learn how the Texas Workforce Commission uses technology and staff to maximize and track Social Security Reimbursements to help support their programs.   Listen Here You can find out more about VRTAC-QM on the web at: https://www.vrtac-qm.org/    Full Transcript   VRTAC-QM Manager Minute: Everything is Bigger in Texas- Learn How Texas Leverages SSA Reimbursement   {Music}   Speaker: Manager Minute brought to you by the VRTAC for Quality Management. Conversations powered by VR, one manager at a time, one minute at a time. Here is your host, Carol Pankow.   Carol: Welcome to the manager minute. I am so fortunate to have Cheryl Fuller, V.R. Division Director with the Texas Workforce Commission and also incoming CSAVR president, joining me in the studio today. And Cheryl, there certainly have been some very tragic things happening in your state and most recently the Uvalde School shooting. And my thoughts and prayers are with everyone affected. I know VR is typically filled with people with a lot of heart. We're kind of people people. So in light of all that's happening, how are you and your staff holding up?   Cheryl: First of all, thank you for thinking about us. This is something very much at the forefront of our minds and it's really on our hearts. And we have a field office in Uvalde about a block and a half from the school. And so it's a small community. Our staff knows everyone. I grew up in a small town myself, and I know just how wonderful it is to grow up in a small town with the support and the relationships, and that will be important for them going forward. And our agency, along with other agencies, immediately looked at what we can do, how can we help our community? Because it is our community. And we're looking at a couple of things. We're looking at some group skills training later this summer to help some of our students get ready to go back to school. And how can we do that? How can we help them think about going back to school and process that and think about some positive things that they look forward to about why they're in school, their career and growing up and getting ready to transition. And of course, we know adults also may need us. So we're redoubling our efforts to make sure that our community knows that our services are there to help them. If a few months from now they begin to have conditions that are preventing them from keeping their job. We're here to help, and we know that if we all do what we can, we will help our community work through this.   Carol: Well, I'm really glad you're at the helm because you bring that heart to it. That has just broken my heart. I'm thinking about you all. I'm praying for you guys every day. And I'm glad you're in that leadership role there to bring that to your staff and to your customers and that thought and thinking ahead for the next school year. That is so smart, so wise.   Cheryl: Well, that's our staff on the ground and it's our agency executive director. We're so fortunate to have an executive director that cares very much about our division, our programs, our customers and our staff, and was on the ground meeting with our staff and immediately asking what we can do and helping us be creative in thinking how can we help? We can do more. And so we're really fortunate to have.   Carol: I love that. That is so great to hear. Cheryl, I've known you since you started at the agency. And in fact, I don't think you probably remember this, but I was actually sitting behind you at your first CSAVR conference, and I remember thinking, Who is that lady? You were so sharp and you would ask questions like, I'm like, This gal is super intelligent. Like, Where's she come from? Because you were new to VR and you came out of the other side of the world. But I loved it because you participated right away and you've accomplished so much in your tenure. I've really always looked up to you and your leadership, not only in your agency but in the VR field as a whole. And so congrats on that new position as the incoming president of CSAVR. I know you're going to be spectacular at that job.   Cheryl: Thank you, Carol. You know, I've always looked up to you. In fact, we were following you around, as I recall, when you were president, as you tried to lead our association and lead our partnership with our federal agency to get more flexibility, which we so needed to serve students with disabilities. So I was in the group behind you going, Yeah, what Carol says.   Carol: So you are hilarious. Well, I never got to be CSAVR President, I was the NCSAB president. CSAVR Executive Committee.   Cheryl: Yeah, that's right.   Carol: I did a lot of that work through NCSAB, but you know, I was on both groups and so wow, definitely promoting those flexibilities and I'm glad they finally came through.   Cheryl: Well, thank goodness for your leadership there and your leadership with administrative changes like prior approval, I thought how has Carol already figured all of this out? And we're still trying to spell prior approval, so.   Carol: Oh, you are very sweet. Yeah, well, I'm still working on it to this day in my new role. Yes. But today we're going to talk about Social Security's VR cost reimbursement program, which was really authorized back in 1981. Right. And the purpose of that program is to make State VR services more readily available to SSI beneficiaries with disabilities and to generate savings for the Social Security Trust Fund for SSDI beneficiaries and the General Revenue Fund for SSI recipients. And so under that cost reimbursement program, the Social Security Administration will pay state VR agencies compensation in the form of reimbursement when beneficiaries served by State VR agencies enter the workforce and achieve nine continuous months of earnings. And those earnings must be at or above substantial gainful activity, and usually it's just referred to as SGA. I know for me that program income was really a game changer when I was at Minnesota Blind. I mean, it actually gave us some breathing room and we were able to do some really creative things and invest in. Our older individuals who are blind program. And so what I was thinking about who to talk to for this I of course I called Courtney. She was my person. I'm like, Courtney, what are the states out there that are doing really well with this? And you were at the top of the list. So when you look at those reimbursement levels, I know your state is out in the lead and being really efficient in getting every possible dollar. So let's dig into this. Can you give us a little picture about VR in Texas? Like what's your annual grant amount? Kind of how many staff do you have? How many customers do you serve? Paint a little picture for our listeners.   Cheryl: Sure. Our annual grant amount has been growing every year rather significantly. It's grown 23% since 2017. Wow. So our annual grant allotment is at about 300 million now. We're second to our sister state in California. Of course, California is bigger. And so we have certainly, as we've seen our grant grow, we are seeing it grow in significant part because of our population growth in Texas. We are expected to, if we haven't already surpassed the 30 million person point in Texas population, we were 27.4 in 2016 and we are now well into 30 million. In fact, I think we were leading the country in numeric growth from 2010 to 2020. Wow. Our state is growing in terms of population. Our economy is remaining strong and our grant is growing. I'll tell you our annual budget. So our grants are of course for two years, but our annual budget this year is about $276 million at the DSU level. And so when it comes to the number of folks that we're serving, if we just think about participants, which is how we now consider a number of customers serve in the most specific sense. So somebody with an IP who is also receiving services, last year it was about 65.5 thousand, so 65,514. To be specific, it's running 65 to 70000 a year is how many customers we're serving. We're doing that with a division that has about 744 positions. The vast majority of those are in the field. About 1663 of those positions are in the field. Almost 700 of them are counselors or transition VR counselors who work with students and youth, about 350 rehabilitation assistants to support them. And then we have other direct service delivery staff like our VR teachers, for example. We also have a residential training facility for individuals who are legally blind. Mark Driscoll Rehabilitation Center is in that direct service delivery group. And then of course we have regional and management unit staff also providing support oversight to our staff delivering services. So that's a picture of our system.   Carol: That's a bunch. I was doing the quick math, so I was looking at your 700 counselors divided by those 65,000 people. So you're sitting around 93 customers on average on a caseload.   Cheryl: On average.   Carol: Absolutely. I just have to ask, have you seen any changes as a result of the pandemic with individuals coming in starting to experience the long COVID or anything like that?   Cheryl: You know, we've seen just a handful. We have seen some. It's not big numbers. And I think as individuals experiencing long COVID work through what that is, what it means to them, whether it represents an impediment to their ability to keep a job or get a job or advance in their job. I think we may see more of that. And right now, it still seems like it's quite a new field of study. And these folks are trying to figure out where their resources are and how they're going to work through these symptoms that stay with them for a long time.   Carol: Yeah, absolutely. I'm just thinking that might end up coming your way given all that huge growth in population, for sure. That definitely is. People were all moving to Texas. I see it on Facebook all the time. I've had several friends moved down to Texas, so I get it.   Cheryl: Well, it's hot here right now, so they might be questioning that decision. It's supposed to be I think we're supposed to get to 107 over the weekend, so.   Carol: ]Yeah, I saw that on the news. It's looking blistering, definitely. So tell me about what resources you've been able to put into your SSA reimbursement like both people and technology?   Cheryl: Well, we have had, I would say on the technology side, a game changer over ten years ago, and that is using the Morrow Ticket Tracker system. This system significantly improved not only our efficiency, but the number of claims we were able to successfully process. And for those of you who don't know, it's called the Vocational Rehabilitation Ticket to Work Reimbursement Tracker Program or Tracker. What it does is it tracks and processes traditional reimbursements and ticket to work payments. What the system does. For us as it collects data from our agency case management system. It connects that with external data, which is still internal to us in our agency, which is unemployment insurance, wage records, state verification and exchange information, other types of information. And what it does is it identifies cases that may be ready to be submitted as a claim, may be ready to be submitted as a claim is really important because that's where the other resource we have comes in that is so incredibly valuable to us. We have two dedicated staff in our finance division at the DSA level, and this is all these two staff. Do they use the systems that we have, including Ticket Tracker? They identify claims that may be eligible for us to submit for reimbursement and then they go over those claims with a fine tooth comb because they know the top reasons why a claim may be denied. And, so just because it pops up in that system doesn't mean you just send it in. You go over it with a fine tooth comb, and then they submit it for reimbursement, and then they follow through and then they double check payments when we receive them. And if they think we received a low payment and we can make a case for more of a reimbursement, they submit that for consideration, the level of rigor that these two staff apply to this process is why we have such a low denial rate and why we're able to be so successful. So I call them our secret sauce. They are fantastic. They also coach our counselors in how to help a customer with a ticket assignment. And so what to do with the ticket assignment? Our counselors can reach out to them for help. They're sleuths. They'll look at possible match and say, Wait a minute, I think this date of birth or season, we might need to make a correction here. And so they'll identify that and work with our staff, if necessary, to make data corrections. They are just incredible. And the combination of those two things has helped us be quite successful in submitting claims and receiving those reimbursements.   Carol: I'm really glad you mentioned both of those because I remember going to a conference, I think it was like in 2013 and there were poster sessions up and they had the moral ticket tracker and I'm going, What is this? Because we were doing this old pencil paper, we were getting maybe 400,000 a year or something. And once we got the tracker in, it was not a huge investment. I was super surprised it was a low dollar amount. We never went under $1,000,000 after that. We were a small agency. I'm like, What is happening was amazing, but I think you're right. Having a secret source like you had your two women that were your secret source. So I had Courtney. She was our secret. She was amazing at that. You know, I think you have to dedicate some resource. And I know there are definitely some agencies struggling right now, and I know there are a number of folks that are not actually submitting for reimbursement right now. They just haven't been able to land and figure that out. But those are two important pieces to the equation.   Cheryl: Very important and sharing. And I would tell you that because I asked them in preparing for this podcast, I talked to them and I said, Sherri and Annie, what would you recommend? And they said, Well, first ticket tracker.   Carol: Yeah.   Cheryl: And second, check every claim go through every detail of the fine tooth comb.   Carol: Got it. Good advice. That is good. Yes. So I know you've had some recent struggles with your SSA reimbursement and I understood some of the rules changed. You had some things that well, the rules change and it's impacted the amount of the recovery that you've been able to get. So can you talk a little more about that?   Cheryl: I can talk a little bit about it, and then I will make sure not to get out of my depth, because I did talk to Sherri and Annie about this extensively and it reminded me all over again why they're experts and why I'm doing what I'm doing. And so what I would say, kind of overall, as with any program rules, over time, SSA makes adjustments to submission, how we submit what is accepted. And so it's very important that we as well as all the other agencies that are participating in this program, stay on top of those changes and understand that our sister agencies at the federal level will also be making adjustments, and some of those may take some time for them and us. And in the meanwhile, that affects the rate at which you may be getting your claims paid. It may affect whether you're getting your claims paid. And one of the things that specifically has changed over time is what is accepted is proof of employment, particularly when somebody is working in another state. Right. So what used to be accepted is verification of that is no longer. And so we used to be able to show the information collected in our case management system as a valid submission for reimbursement. Now we need something more rigorous. And so we're working through how we connect with our Swiss data, because otherwise we would continue to lose valuable reimbursements for people working in other states, like a pharmacist in California. They could see it, but we needed that proof so that that claim could be paid. And. So it's really being and VR professionals are fantastic at this, but it's being on top of changes and being flexible to deal with them and really trying to work in partnership with our federal agencies to make sure we're all understanding what is required and doing our best to achieve that.   Carol: You might have to drive out to California and take a picture of that pharmacist, if that would be allowed.   Cheryl: I know, I know. I thought, man, what a fantastic outcome for VR, though, right?   Carol: Absolutely. That is incredible. Oh, gosh. I knew those changes had happened, but it was after I left, so I wasn't sure the nuances. So that makes some sense to me. Definitely. So I know you also had something really unique happen with your legislature and your SSA reimbursement, so tell us a little about that.   Cheryl: Well, in 2016, September 1st of 2016, our legacy agency, the Department of Assistive and Rehabilitative Services, was abolished, and the programs in our legacy agency were transferred by the legislature, either to the Texas Workforce Commission, which is where VR, older, blind, our Randolph Sheppard program, for example, all went. And then the other programs went to the Health and Human Services Commission that included our blind children's program. Our program for those that have traumatic brain or spinal cord injury, are deaf and hard of hearing services that we had, as well as independent living. So independent living part B, part C that went to Health and Human Services and they became the designated state entity for those programs. What we had done historically, though, at our legacy agency is that we had used our program income to expand and enhance our independent living services programs, including older lines. It was just an incredible value to us at our legacy agency that those dollars, because you can use your program income to support other programs funded by the Rehabilitation Act, that those dollars could really strengthen important programs in independent living. And so when we transferred to TWC from DAAS, the Legislature appropriated some of our program income back to the Health and Human Services Commission for continued support for those independent living services programs. That's really important because as we have changes in agency structure, we want to maintain the quality of service that we're providing to our customers, whether they're VR, old or blind, independent living, whatever the case may be. And this is not something that VR agencies may be accustomed to. We know you cannot appropriate vocational rehabilitation grant funds outside of the agency. Right. The VR agency. But with program income, the statute says the state. And so the legislature may appropriate that outside of the agency and did so, $8.5 million per year is appropriated in our appropriations bill pattern to the Health and Human Services Commission to provide continued support to those independent living services programs.   Carol: So how does that relate then to how much you get in program income? Wow.   Cheryl: We collect about $20 Million a year in program income. We have had years where it was higher significantly. So I think our highest year was 33 million. Wow. Sometimes that has to do with when claims are paid versus when you submit the claim. But we can look at about $20 Million a year. So it represents a significant part of our program income and it's also the largest method of finance for those independent living programs back at our sister agency.   Carol: That's pretty incredible. It's kind of it's a little scary to think that they designated a dollar amount versus saying we're going to take 20% or we're going to take a percentage, which would make it a little easier. As there's fluctuations, you're not held to that particular threshold.   Cheryl: Certainly that's something we keep our eye on. And I'm sure that our policymakers and appropriators were concerned about keeping the programs whole. So I understand why they would have been concerned to make sure our independent living programs remain strong and healthy. But we certainly do watch that pretty carefully.   Carol: Oh, I'm sure, absolutely. So I know you're also looking at doing some good stuff moving forward and expanding your older individuals who are blind program with the SSA dollars. So what are you thinking about with that?   Cheryl: Well, I have a lot of favorites. The older blind program is one of my favorites. It is such a gem of a program when we think about I think the number is one in six adults age 65 and over will experience some type of age related macular degeneration. And you think about the growing population in our state and the fact that that grant is a really small grant that stayed small for a long time. We and our stakeholders just want very much to serve more. We want to serve more. Seniors who are learning to live with less vision, experiencing that vision loss, and we want to provide more services for them. And one of the ways we can do that is looking at our program income, say, can we invest some of this program income in expanding this program? And we took a little step to do that last year to see how it's going. We added a few staff and we were able to increase our client services a little bit. And now we want to really move in the direction to maximizing that program income to expand that program, not only to add staff. Because in the state this size, our OIC grants was a little over 2 million, maybe 2.2 million a year and by the time we add our match funds, we're at about 2.5 million. That's very small for the population that could really benefit from these services. And so we would like to add more staff across the state so that we're present in more communities and there's not so much windshield time for our staff. But also we'd like to really enhance some of the services that we provide, including offering a one week residential program similar to what we might see in our Chris Cole Rehabilitation Center that's focused on VR. How could we have a one week residential program where a seniors could come and really get support and encouragement from other seniors experiencing vision loss and learn some of those skills where they can just focus on learning those skills in a group and in a supportive cohort and making friends and kind of working through some of the fear associated with vision loss and really gaining their confidence. We also want to do that on a daily basis. So if somebody doesn't want to go away for a week, they could go into a center in a day program. So we want to start working toward those kind of activities to really enhance the services as well as serving more people.   Carol: I love that. Well, the OIB program is near and dear to my heart, Too.   Cheryl: I just love that.   Carol: That was one of my places when stuff was all kind of going crazy. I'd go down and talk with the staff from there. I loved it and the stories they'd have, and I'd get these little sweet letters from some of the individuals that we helped to assist. It was lovely. I just think the work done there has been so important for quality of life for people in your later years. You know, yeah, I'm thinking about you with your $2 million. And I mean, my grant was like a half a million dollars. And we're in little, tiny Minnesota with 6 million people. And you've got 30 million people. Yeah, proportionately, it doesn't seem like a lot, but I think you're on the right track with that. We had a lot of success in doing group training with the seniors and like you say, developing that cohort and people to support each other. It really does work well. So I hope you have great success with that.   Cheryl: I hope so. It's such a fantastic program. My granddaddy was legally blind from a very young age and his sight got worse as he got older. And I just think about all the things if he had had access to a program like this, that could have made it easier for him.   Carol: Yep. I had a grandma. I had a grandma too. She lived in 98 with macular degeneration. I remember visiting her one day, went to her house and knocking on doors. She lived over in North Dakota. She's about 10 hours away, but she didn't know who I was, you know, because she couldn't see me. And so I'm talking to her for a long time that it took her while she's like, oh, you know, before she let me in the door, because, like, what's this strange lady doing at my door? Yes, but it would have been so great if I would have had one of our staff could have gone out and helped her and her house and all the bump dots and getting things situated for it would have made it so much easier. I completely understand. Absolutely.   Cheryl: That's what I think about.   Carol: Well, that's the beauty with that program income where you're able to help invest in a program like that. It really is important. Now, I know some other of your agencies are really struggling. They're not submitting their claims for reimbursement. They're not really putting this on the priority list. So what kind of what advice would you give to our listeners about SSA reimbursement if they're sitting back kind of going, wow, we haven't paid this much attention right now and we're doing other things. What advice would you give to them?   Cheryl: Well, first, I have all the sympathy in the world for our sister agencies. I don't know of one agency that doesn't have a full to overflowing plate. And we're all trying to figure out how we can improve our services, how we can be continuously improving, how we can adapt to the environment around us, which is changing so significantly just due to COVID. So, boy, I know we all have a lot on our plates, but this source of income for us is allowing us to expand a program that is really underfunded for the size of a state. We have just the incredible difference it can make in the lives of people who may have had their sight for years and years. And now they're losing it and they're scared to death and we can be there to help. And that's just one way we can think about using our program in. So I would encourage agencies that may not have tackled this yet or may have struggled with it in the past to just think through it, think through what the opportunity is, how much you might be leaving on the table, what you could do with those dollars. And there's help out there to figure out what you're doing if you need some systems. There are systems out there. The ticket tracker is a great system. There are people out there that can provide support and help you as you develop dedicated staff. But I would make sure if you want to jump in and I encourage you to get the system you need and get the people who make it a priority because it is what they do and you will benefit and you will be able to do with those programming dollars some innovative things to support your programs, whether it's VR or older, blind or independent living.   Carol: Well said. And I believe VR still has a cost reimbursement group. So they always had a little a group that got together and they do some specific training. I remember sending Courtney and other people out to that training and they developed quite a cohort themselves of folks to rely on. I remember her calling Virginia people, you know, different folks that she got to meet through the training. And so definitely that can be a resource as well.   Cheryl: That's the great thing about the VR world. I've learned so much from other states, from you, from some of my colleagues in other states. We are there for each other. CSAVR and NASAB are great avenues to pursue to make sure your staff are connected to other people who do that work and can support them.   Carol: Yeah, I love that. I love that. So I cannot leave this episode though, without asking you about your upcoming presidency on July 1st. It's CSA VR. So I just wondered, what are you hoping to accomplish next year? Do you have any things that you want to tackle?   Cheryl: Well, first of all, it's a big job and there have been some fantastic people in this role over the years. And so my goal would really be to continue the conversation that we began at CSA VR a couple of years ago and that we're having with each other as VR agencies at the association level offline and also with our federal partner. And that is how can we understanding the trends that are affecting the VR program nationally? And by that I mean fewer people applying, fewer people being determined eligible, fewer people achieving employment outcomes. How can we work together to understand what's driving those trends and to be innovative and collaborative as a system, as a national program about how we can address those trends. And I'm excited about the opportunity we have as an association to add value to the member agencies, because we're all working on some of these things. We're all working on recruiting and retaining staff because if you don't recruit and retain staff, you don't have people to serve your customers and making sure they're prepared and trained well so that you can serve your customers with the level of expertise that we all want to have at the table for the benefit of our customers. We're all looking at what we need to do to improve our processes. Our processes need to evolve just as all processes in businesses around the country. So how is the VR process evolving to meet the needs and expectations of the customers in 2022? And we're all working how we can be visible to our communities, be available, make sure they know we're here. How can we be doing outreach and communicating about the difference our program makes? These are things we can all work on together, and I think that CSA VR in partnership with CSA B and collaborating across states can really add some value to that conversation and support all of us out here in the States who are working hard to make our programs the best that they can be.   Carol: I love that. I look forward to following you this next year. It's going to be super fun, super fun to watch. So thanks for joining me, Cheryl. I know you're super busy and I really appreciate your time. I hope you have a great day.   Cheryl: Thank you, Carol. Thanks so much for having me.   {Music} Speaker: Conversations powered by VR, one manager at a time, one minute at a time. Brought to you by the VRTAC for Quality Management. Catch all of our podcast episodes by subscribing on Apple Podcasts, Google Podcast, or wherever you listen to podcasts. Thanks for listening.

What you need to know   Neither Edelman Financial Engines, a division of Financial Engines Advisors L.L.C., nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. See omnystudio.com/listener for privacy information.

Summary: Economists talk about the Social Security “Trust Fund” and politicians sometimes even demagogue about their colleagues “robbing the trust fund.” But once you understand what the so-called trust fund really is, there is plenty more to be angry about than politicians supposedly robbing it for other government boondoggles. Prepare to be very angry. Links: https://qz.com/2121442/no-the-us-does-not-have-30-trillion-in-debt/?utm_source=YPL (No, the US doesn't have $30 trillion in debt) https://tommullen.net/featured/but-i-paid-into-it/ (But I Paid Into It…) Free Gift from Tom: Download a free copy of Tom's new e-book, It's the Fed, Stupid, at https://forms.aweber.com/form/87/2092395087.html (itsthefedstupid.com). It's also available in paperback https://amzn.to/3HTYSYh (here). It's priced at a pre-hyperinflation level so grab a few copies for friends if you can. It makes a great introduction to the government's most economically damaging institution for liberals, conservatives, libertarians, socialists, and independents alike. Like the music on Tom Mullen Talks Freedom? You can hear more at https://skepticsongs.com/ (tommullensings.com)!

Jessica Fore has announced her campaign to run for Congress in GA-10. In this episode, APN interviews Jessica about her opinions on a range of topics, from the filibuster to living wages to tackling climate change. 0:00 - Intro and a word about commission redistricting 1:24 - Jessica Fore campaign video 2:23 - Jessica Fore interview 21:01 - PSA about the Social Security Trust Fund 22:25 - Jessica Fore interview, continued

November 29, 2021 on ForYourBenefit, our hosts Bob Leins, CPA®, and Tammy Flanagan, Senior Benefits Director NITP, welcome Mary Beth Franklin, Certified Financial Planner®, Contributing Editor for InvestmentNews, and President of RetirePro. Tune in for relevant information about your Social Security retirement benefit. During the broadcast you will learn the answers to some of the big questions you may have about Social Security such as: How does the solvency of the Social Security Trust Fund impact your future? Learn about the 2022 numbers that are going to impact your Social Security benefits. Covid-19 and Social Security. Why 2020 is no longer “a bad year to turn 60”. Does Social Security pay retroactive benefits? When does it make sense to delay claiming Social Security benefits? When can Social Security benefits be suspended? Why is it important to have a MySocial Security account? The new and improved Social Security benefits statement. Are Social Security benefits subject to income tax? Who is eligible to receive Social Security benefits based on my work record? For questions or comments, email us in advance at ForYourBenefit@nitpinc.com

There's a lot of buzz that the Social Security Trust Fund could be depleted in less than 15 years. But is it all doom and gloom? Pat will help you put that into perspective. Plus, if you are taking withdrawals from your retirement accounts, you might need to dodge the “tax torpedo” that could be headed your way. You don't want to miss this week's episode of Save Your Retirement with Pat Strubbe!

Another victim of the coronavirus pandemic has surfaced. The pandemic created a long-term disruption in the Social Security Trust Fund, according to a recent report by its trustees. Their annual report, released on August 31, found the Trust Fund will be able to pay full benefits only through 2033. This is a year earlier than in last year's report. Congress established the trust funds for Social Security and Medicare in 1939. The only disbursements allowed are for benefit payments and administrative costs. Like Medicare, Social Security is funded primarily through payroll taxes paid by employees and employers. Self-employed individuals pay...Article Link

Most Americans know about Social Security because of the taxes they pay towards it but how many actually know how the benefits work and how they should file? If you do not fully understand the benefits then this was written just for you with strategies for maximizing benefits for couples, divorcees, and widows. The last episode of the depleting Social Security Trust Fund generated so many questions surrounding Social Security that we are back with a release on an in-depth understanding of Social Security as well as how best to maximize strategies for different life scenarios.Join Henry as he breaks down Social Security in a simple to understand format. By the time you're done, you should easily be able to answer the following questions:Should I collect Social Security benefits at age 62?Should I delay my Social Security benefits past FRA?What is my Social Security break-even age of collecting earlier versus postponing it?How are spousal benefits calculated?When should a non-working spouse file?I am in a committed relationship but not married; should I get married?Do spousal benefits apply to same-sex couples?What are Social Security benefits available for widows?For the show notes and more information on this topic as well as others, please check out Disruptive Money Management with Henry Wong. 

Since 1935, Social Security has been the cornerstone of retirement income for many Americans. In fact, 40% of current retirees rely completely on Social Security for income. So what happens when the Social Security Trust Fund starts to run out of money? With over 65 million Americans drawing on this benefit monthly and longevity on the rise, it was inevitable that the system would start to collapse. Well, the numbers have been released and it is not looking pretty.Join Henry as he goes over the Social Security system and how it operates. He'll be sharing with you the year in which Social Security becomes depleted and the projected reduction in benefits for retirees. Be sure to stick around to the end where he shares his best practices for assessing how much of an impact it would be to your retirement lifestyle. He'll also help you calculate what you need to adjust in terms of withdrawals to adjust for the decrease in benefit.For the show notes or more information, please visit www.juncture401k.com.

Every year, we get the same old warning about the depletion of the so-called Social Security Trust Fund at some date in the future. This year, the experts think it will be 2034. But will it really? After all, Social Security is as almost sacred on Capitol Hill. So, what do a Gen Xer and a Gen Zer think about the impending doom of America's favorite government program? This week John and Sam discuss what the future of Social Security will look like moving forward.

News broke out that Americans trust funds and Medicare plans are being depleted due to this pandemic. Everybody's 401K, pension, retirement plan, etc. is getting a affected and depleted. Do not trust this system. Do not put your heart in money/safety nets. This system can give you all these things and easily take it away from you for their own personal interests. Trust God not this system!

The Congressional Budget Office now projects that the Social Security Trust Fund is slated to be exhausted in 2032—which is a full year later than CBO projected last year.Amazon wants to take a scan of your hand… for a $10 gift card. Would you make that deal?Never pay the first bill! Author Marshall Allen is encouraging you to take on the health care system… and save money.Retirement planning is challenging NO MATTER your relationship status… but we often see married couples make these mistakes.Demand for outdoor recreational vehicles began rising in 2020 after the pandemic left many people in search of socially-distant adventures and mobile offices for remote work.

Nate does an in-depth analysis of an article on the inner workings of the Social Security trust fund and possible ramifications of the coronavirus and the possible acceleration of the trust fund’s depletion.   Article link: https://www.thinkadvisor.com/2020/11/22/the-social-security-trust-funds-explained/?kw=The%20Social%20Security%20Trust%20Funds%2C%20Explained&utm_source=email&utm_medium=enl&utm_campaign=lifehealthweekender&utm_content=20201129&utm_term=tadv   Key Takeaways: Will the social security trust fund run out? Shortfall risks with social security Payroll tax suspension COVID-19 & effects on social security Government shortfalls

 0:30-7:30 - Wells Fargo lays off advisers - what's going on?7:30-29:30 - Mary Beth Franklin interview7:30-11:30 - The latest outlook for filling the trust fund gap11:30 -15:10 - The opportunity for converting to or contributing to a Roth in the current tax environment15:10 - 18:00 - The inevitability of a solution vs. the ongoing political impasse18:00-22:15 - The varying projections about when the trust fund might run out, and how it should or should not affect individuals' retirement decisions22:15-27:15 - What's missing at the top of the funnel in contributions to Social Security27:15-29:00 - The role advisors can playhttps://www.investmentnews.com/social-security-cuts-retirement-198279https://www.investmentnews.com/wells-fargo-adviser-job-cuts-198144

Government spending continues to ramp up and the U.S. budget deficit hit an all-time high in June of 2020. The Social Security Trust Fund was projected to go broke in 2035, and that projection was released before the covid pandemic hit! With forced early retirements and millions still unemployed, Social Security faces new challenges. Pat discusses how these things could impact your retirement, plus how to navigate the Top 5 risks lurking in your retirement.

During the last couple of weeks, the current status of the Social Security Trust Fund seemed to be a concern for lots of people.  So we dedicated this week’s episode to reviewing social security.  Throughout the episode, Grant speaks in-depth about how the Social Security system works, how COVID-19 is affecting the Social Security trust fund, and what kind of planning we can do.  Stay tuned until the end of the episode, where Grant talks about some of the options you have if you’re genuinely concerned about your Social Security benefits. [01:21] How Social Security Works – A quick review of the Social Security system, its benefits, and how it integrates with payroll and tax mechanisms. [05:45] Calculations – Grant explains how Social Security benefits are calculated when you enter retirement. [09:40] The Social Security trust fund – Investment, auditing, and forecasting procedures of the social security trust fund. [12:49] Current Status of the Fund – Grant reviews the current status of the Social Security trust fund based on the latest forecast. [16:07] The Impact of COVID-19 – How COVID-19 may affect the strength of the Social Security trust fund. [22:11] Changes to the System – Grant dives into some of the possible changes to the Social Security system that allows it to adapt according to the current economic conditions. [30:05] Changing Investment Methods – Social security trust is allowed to invest only in US government bonds. Grant reviews the possibility of changing these rules and putting Social Security funds in other types of investments.   Resources: What is Social Security? - www.ssa.gov/people/materials/pdfs/EN-05-10230.pdf Understanding Social Security Benefits - www.ssa.gov/pubs/EN-05-10024.pdf Social Security Trustee Report: - https://www.ssa.gov/OACT/TRSUM/index.html#:~:text=In%202019%2C%20Social%20Security's%20reserves,2034%2C%20unchanged%20from%20last%20year.

In episode 270 of Financially Simple, Justin and Jeff Jeter discuss the impact of COVID-19 on retirement plans. The ongoing Coronavirus is taking its toll - financially and emotionally; with no certain end in sight, what can Business Owners do to keep control of their retirement plans? Justin and Jeff looks at how the Social Security Trust Fund as been affected by COVID-19, what that means, and what can be done to cope with the changes. Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:49 - How COVID-19 Affects Retirement Planning Through Social Security 04:09 - What is the Social Security Trust Fund 08:22 - Impact of COVID-19 09:10 - Approaching Retirement: What to Do 13:03 - Considering a ROTH 14:53 - Time to Re-Evaluate Your Retirement Plan 18:15 - Summary 19:17 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9. Subscribe to the Financially Simple Newsletter Ask Justin a Question NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit Jeff Jeter _________________   BIO: Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.

As your retirement approaches, or perhaps as it runs its course, do the larger happenings in the world matter to you? The results of the 2020 presidential election, the dwindling Social Security Trust Fund, the Trade War with China... how much should these things really concern you on a personal level? Paul and Charlie will give you some insight on how they approach these matters. When planning for retirement, the financial planners at Insight Folios in Charlotte NC take an approach that allows you to plan for income in retirement through dividend income planning. . Our financial advisers provide you with investment strategy tools along with our simple to understand "Simplicitree" financial planning software, that provides clear guidance and sophisticated financial advice. https://insightfolios.com/ #PaulDurso #InsightFolios #RetirementPlanning #DividendIncome #IncomePlanning #FinancialAdviserCharlotte http://dursocapital.com/

Fixing Social Security: “Means Testing” Episode 50 -​ Everyone tells us that Social Security needs “fixing.” The Social Security Trust Fund, as it currently exists, is not projected to be big enough to cover all of its projected payouts beyond the year 2035. So something needs to be done. Is “means testing” the answer? More SML Planning Minute Podcast Episodes Download The Full Article for More Information Listen to Episode 19 - Social Security Releases Its Annual Report SubscribeApple PodcastsGoogle PodcastsSpotifyTuneInAndroidStitcherDeezerby EmailRSSMore Subscribe Options

Episode 50 -​ Everyone tells us that Social Security needs “fixing.” The Social Security Trust Fund, as it currently exists, is not projected to be big enough to cover all of its projected payouts beyond the year 2035. So something needs to be done. Is “means testing” the answer?

Social Security could run out of money by 2035 according to the Social Security Trust Fund. In this episode, John explores ways to protect yourself if this should happen and how to pick the best date to maximize your benefits.

In This Episode: Transitioning to self-directed retirement accounts. Managing private deeds and real estate transactions. Daily stock market ratios that might shock you. Where to look for a fiduciary advisor. How to spot lying advisors. The crucial document your advisor needs to sign. Social Security and the reduction of benefits. Bitcoin: A way to quick riches? Benefits of a Roth 457 and pension combination. Is investing in a life insurance company a good idea? Links to Topics: Vestory — https://vestory.com/ Social Security Trust Fund — https://www.cbpp.org/research/social-security/policy-basics-understanding-the-social-security-trust-funds BitCoin — https://www.bitcoin.com/ Roth IRA — https://www.rothira.com/ Vanguard Funds — https://investor.vanguard.com/corporate-portal/ Roth 457 — http://defcomp.nv.gov/Resources/FAQ-Roth_457/ Advisor Interview Form — https://www.talkingrealmoney.com/advisor-interview-form

WASHINGTON, DC May 2, 2019 – With a recent report showing that the Social Security Trust Fund will run out of money by 2035, The Ripon Society and Franklin Center for Global Policy Exchange hosted a breakfast discussion with John Larson (D-CT-1) and Mike Kelly (R-PA-16) about the importance of strengthening retirement security in the United States.

Social Security Releases Its Annual Report Episode 19 - The Social Security Trust Fund released its annual report in late April with much less fanfare than last year. And that’s good news. More SML Planning Minute Podcast Episodes Download The Flyer for More Information SubscribeApple PodcastsGoogle PodcastsSpotifyTuneInAndroidStitcherDeezerby EmailRSSMore Subscribe Options

On this week's episode of Tape Talk, Quint and Daniel take a deep dive into investors' required rate of return. What is it? Why is it important? And, how does it factor into your financial plan? Headlines Before going too far into our topic of the week we take a look at news hitting headlines over the past week. One, in particular, has caught investors' attention, the annual update on the Social Security Trust Fund. This report highlights two important numbers for retirees to consider. First, the date when Social Security is estimated to start using its reserves to pay benefits. Second, when those reserves will be depleted and benefits may need to be cut if Congress doesn't act beforehand. While these dates may seem far off, they are important to incorporate into your financial planning now to minimize the potential impact later. Required Rate of Return Your required rate of return is the return you need on your investments based on starting value, contribution, and time to your goal. This number is important because it must be assessed with the current market environment to determine if your goal is reasonable. While the goal you have could be anything, we most often talk about the required rate of return in regards to retirement. The reason for this is simple, it's one of the goals people want as little margin of error as possible. For that reason, we dissect what this metric means to investors as they begin planning for their future retirement. Risk Temperament The return you need is not the only important factor to consider in financial planning. The amount of risk you can physically and emotionally stomach is also critical to your success. It's for this reason that we work closely with people to determine if their required rate of return and their risk temperament are in alignment. Once they are, investors are typically well on their way to a fruitful financial planning journey ahead.

Social Security is one of the government systems that helps people who have insufficient or no income by giving them financial support. It also supports the retirees and families of disabled or deceased workers, making it one of the largest programs offered by the government to its society. The benefits produced by this government service has different forms that target the basic needs of the eligible beneficiaries. This federal program commenced in 1935 when the Social Security Act was signed. It was President Franklin D. Roosevelt’s New Deal plan to help the significant groups of people who suffered through the Great Depression. Per the Universal Declaration of Human Rights, Article 22: “Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international cooperation and in accordance with the organization and resources of each State, of the economic, social, and cultural rights indispensable for his dignity and the free development of his personality.” Social Security is in the form of pay-as-you-go-program. In today’s era, the fund used for the program comes from the payroll taxes paid by the employees and companies. It means that current employees and their employers pay for Social Security while the workers still can work. The Social Security Administration will collect the payment and put it in the Social Security Trust Fund. The government, on the other hand, is responsible for managing the money along with the Federal Reserve Board. In the future when the workers retire, or an accident causes them to die or get sick, they will get that money they paid for the program through the form of monthly income that will be given to their beneficiaries. Every individual who has the Social Security will be given a nine-digit Social Security number. It serves as the record of the owner’s history that collects all his or her information about covered wages and other earnings. In the future, the government will use it as a basis when he or she needs to get the benefits. Some programs of the government that help the poor also receive a portion of the revenues from the collected money. It is worth noting that Social security is not just limited to monetary assistance given to people. It was declared that people should receive benefits from the country such as sufficient supply of foods, safe and comfortable shelter, and access to healthcare assistance. It targets the large group of people ranging from children, elderly, unemployed, disabled, and the sick. Social services are organizations or programs that make these services reachable. Furthermore, it may also be given in the form of social insurance, whereas, the benefits that poor people receive should include retirement programs such as disability insurance, pensions, unemployment, unemployment assistance, and survivor benefits. It may also cover the necessities provided to refugees such as money, shelter, food, education, and medical care. The government is also responsible for designating its particular agency to implement these social security provisions.

There are many misconceptions about Social Security out there. Hans and Robby break down a few of those this episode, including: Are Congress and the President  spending the Social Security Trust Fund on things other than Social Security checks? Will Social Security not pay me because they run out of money?   Get the answers to these questions and more in this week's episode!   Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free!   You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com.

The Trustees of the Social Security Trust Fund recently released their report to Congress, and the picture isn't pretty. For the first time in 36 years, they will have to begin drawing down their reserves to pay all beneficiaries. Without significant changes, the funds will be exhausted by 2034. In this podcast Randy discusses the implications of these revelations, and outlines some actions you should be taking now if you are planning to retire within the next decade.

In these times of economic upheaval, do you find yourself anxious about what tomorrow will bring?  Do you wonder if you'll have a job this time next month?  Do you lose sleep at night worrying about the sub-prime mortgage collapse, the ill-advised bank bailouts, or the simple fact that the Social Security Trust Fund is as empty as a poor widow's pantry?You do know that you can't control any of those events, don't you?  Not one.Want to know what you can control?   Good.  Stay tuned and find out.The following is a study of Revelation 14:1