Podcasts about Social Security Trust Fund

Will Social Security really be cut by more than 20%?Should you claim early before the rules change? Or is the media exaggerating what's actually happening?In this episode, I will break down the latest Social Security Trustees Report, explain what the 2032 Trust Fund projection actually means, and discuss the newly introduced PROMISE Act designed to begin addressing the program's long-term funding shortfall.You'll learn:What the Social Security Trust Fund actually is Why the Trust Fund is projected to be depleted around 2032 Why Social Security isn't expected to "go bankrupt" Whether claiming benefits early is a smart strategy How a potential 22% benefit reduction could affect a retirement plan What the new PROMISE Act does (and doesn't do) The most likely changes Congress could make to strengthen Social Security Practical planning steps you can take today without overreacting to the headlines If you're approaching retirement or already retired, thisepisode will help you separate fact from fear and make more informed decisions about one of the most important income sources in your retirement plan.⁠⁠Areyou interested in working with me 1 on 1?⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Clickthis link to fill out our Retirement Readiness Questionnaire⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Or,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠visit my website⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠-KevinConnect with me here:​⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Followthe podcast⁠​⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠JoinMy Company Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠This is for general education purposes only and shouldnot be considered as tax, legal or investment advice.

Is Social Security really running out of money? Headlines often paint a frightening picture, but what does the 2025 Social Security Trustees Report actually say? In this episode of Finishing Well, Certified Financial Planner Hans Scheil and Robby Dilmore separate fact from fiction as he breaks down the numbers behind the Social Security Trust Fund. Hans explains how the system is funded, what the trust fund really is, why alarming news reports can be misleading, and what practical steps lawmakers could take to strengthen the program for future generations. If you've ever wondered whether your Social Security benefits are secure or wanted a clearer understanding of how the system works, this conversation offers straightforward answers, practical insight, and a biblical perspective on stewardship, honesty, and planning wisely for the future. "Visit cardinalguide.com to access free retirement resources, browse our complete library of episodes, and connect with the Finishing Well ministry. Together, we're helping people honor God by finishing well."

Here they come again: Billionaires, wailing that Congress must – MUST! – act immediately to slash the monthly Social Security checks that middle-class and poor retirees count on.Plutocratic elites and their anti-government ideologues periodically erupt in outrage that elderly Americans who've earned retirement benefits are depleting the Social Security Trust Fund. So, they exclaim, government must cut the payments these old folks are getting.But wait – it's not “the government's money.” It belongs to the retirees themselves. They've paid monthly payroll taxes into the fund for years on the guarantee that they would later draw benefits out.Maybe so, bark opponents, but the money well is going dry, so the only way to “save” the program is to chop payments owed to beneficiaries.In three words: That's a lie.What the superwealthy don't want us to notice is that the Social Security tax is spectacularly unfair. If your yearly income is less than $185,000 (which includes 95% of us) – every penny of your earnings is subject to retirement tax. But if you're paid a million a year, or a billion, or even more – everything over $185,000 is tax free. Sweet!Wait, there's more. Instead of being paid wages, most über-wealthy people draw their annual income from a Wall Street scheme called “unrealized capital gains.” Big surprise – those gains are totally exempted from our nation's retirement tax.This is Jim Hightower saying… So, let's make Musk, Zuckerberg, Bezos, and other tax-dodging billionaires pay on all of their income like the rest of us do. That's only fair. Then America can increase benefits so everyone can have a dignified retirement. Now that's true fairness!Do something!To get involved with the fight to make sure Social Security and other social safety net programs stay strong, check out Social Security Works at socialsecurityworks.org.Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe

Independent investigative journalism, broadcasting, trouble-making and muckraking with Brad Friedman of BradBlog.com

Joseph Sternberg explains the impending depletion of the Social Security Trust Fund, labeling it an accounting gimmick. He clarifies that the program is a pay-as-you-go system where current workers fund retirees. Sternbergdiscusses the political difficulty of reform, suggesting private accounts as a viable alternative for younger generations. (5)

SCHEDULE OF THE JOHN BATCHELOR SHOW, 6-16-2026.1881.  LYSANDER DESTROYS THE WALLS OF ATHENS.Liz Peek discusses Elon Musk's potential trillionaire status, highlighting his massive contributions through SpaceX and Tesla. She defends his wealth creation as a product of capitalist grit and innovation, contrasting it with socialist critiques. Peek emphasizes how Musk's projects, including orbital data centers, advance technology for global society. (1)Liz Peek analyzes Kevin Warsh's appointment to the Federal Reserve and his optimistic view of AI-driven productivity. She predicts the Fed will hold interest rates steady despite inflation, noting that falling oil prices from a potential Irandeal could ease economic pressures. Peek also highlights a strong consumer market. (2)Professor John Yoo critiques the "Thucydides Trap" analogy used by Xi Jinping to describe US-China tensions. He argues China resembles militaristic Sparta, while the US represents the democratic, commercial Athens. Yoo warns that China's declining population and stolen technology make it a declining power compared to the booming US. (3)Professor John Yoo applies the Thucydides Trap to the current conflict between the US and Iran's "concert of autocracies." He notes that while some view Iran as a rising power, it functions more like a small, oppressive elite. Yooemphasizes that the US fears autocracy rather than rising power alone. (4)Joseph Sternberg explains the impending depletion of the Social Security Trust Fund, labeling it an accounting gimmick. He clarifies that the program is a pay-as-you-go system where current workers fund retirees. Sternbergdiscusses the political difficulty of reform, suggesting private accounts as a viable alternative for younger generations. (5)Joseph Sternberg reports on the turmoil within Britain's Labour Party, as Prime Minister Keir Starmer faces internal challenges. He discusses potential successor Andy Burnham's by-election bid and Nigel Farage's Reform Partyinfluence. Sternberg highlights the heavily taxed British economy and the strategic calculations surrounding a possible general election. (6)Jonathan Schanzer critiques the rumored US-Iran deal, warning that it offers significant sanctions relief without securing nuclear concessions. He argues that the plan fails to address ballistic missiles or proxies like Hezbollah. Schanzer expresses concern that the deal grants Iran a veto over Israeli defense actions in Lebanon. (7)Jonathan Schanzer discusses the roles of Syria, Qatar, and Turkey in regional conflicts. He questions the reliability of the Syrian regime to tame Hezbollah, suggesting a "neo-Ottoman" Turkish agenda. Regarding Gaza, he notes Hamas is tactically contained but remains a threat, while warning against trusting Qatar. (8)Gregory Copley addresses the crisis in the UK Ministry of Defense, marked by high-level resignations and budget cuts. He describes the Royal Marines' seizure of a Russian "shadow fleet" tanker and a Russian warship firing warning shots at a yacht. Copley argues years of neglect have degraded British naval power. (9)Gregory Copley examines the Makerfield by-election, where Andy Burnham seeks to return to Parliament to challenge Keir Starmer's leadership. He explains how third parties like Reform and Restore Britain could split the vote. Copley notes Burnham's potential as a more capable leader despite his traditional "tax and spend" policies. (10)Gregory Copley critiques the upcoming US-Iran memo, characterizing it as a "rinse and repeat" cycle rather than a true victory. He argues that by failing to remove the Islamic regime, the US preserves a weakened but hostile power. Copleyalso notes shifting alliances as Gulf states pursue independent policies. (11)Gregory Copley explains the Trooping the Colour ceremony, a display of British military discipline celebrating the sovereign's birthday. He highlights King Charles III handing visible authority to Prince William during this year's event. Copley notes the ceremony serves as an inspirational reminder of the British Army's historic and professional legacy. (12)Andrea Stricker discusses the IAEA's near-total loss of access to Iranian nuclear sites. She details how previous US and Israeli strikes decimated enrichment capabilities, yet monitoring remains blind. Stricker emphasizes the difficulty of verifying the location of highly enriched uranium stockpiles, particularly at the heavily damaged Esfahan tunnel complex. (13)Andrea Stricker explains the "numbingly complicated" nature of Iran's nuclear program, which utilizes research centers and universities to hide sensitive work. She advocates for a comprehensive agreement requiring full Iranian disclosure and intrusive inspections. Without such transparency, Stricker warns that any diplomatic deal will lack long-term strategic weight. (14)Thaddeus McCotter reflects on the 2009 Green Movement, criticizing the Obama administration for parlaying with "butchers" rather than supporting protesters. He warns that the current Trump administration faces the same ideological enemy. McCotter expresses deep skepticism toward any transactional deal, given the regime's religious commitment to its anti-Western crusade. (15)Thaddeus McCotter joins John Batchelor to discuss the lack of clarity in the emerging US-Iran memo, specifically regarding ballistic missiles and human rights. He questions the effectiveness of a "60-day ceasefire" strategy and calls for Congressional oversight. McCotter emphasizes that the regime's terroristic nature remains unaddressed by diplomatic benchmarks. (16)

Independent investigative journalism, broadcasting, trouble-making and muckraking with Brad Friedman of BradBlog.com

'BradCast' 6/11/2026: Trump Policies Imperil Social Security Trust Fund by Progressive Voices

Social Security retirement benefits are projected to undergo an automatic reduction of 24% by late 2032 unless Congress takes action to prevent the depletion of the program's trust fund. A recent analysis conducted in June 2026 by the Committee for a Responsible Federal Budget indicates that the insolvency of the Old-Age and Survivors Insurance (OASI) Trust Fund may occur slightly earlier than previously anticipated. At that point, ongoing payroll tax revenues are expected to cover only about 76% to 77% of the scheduled payouts.The average monthly reduction for retirees across the nation could be approximately $500.The average annual impact may result in a reduction of around $18,100 for a typical dual-income retired couple. The total economic impact translates to an immediate annual loss of $345 billion, affecting over 15% of the population in 47 states.The anticipated depletion date has been advanced due to declining birth rates, slower wage growth in relation to the economy, and the legislative effects of recent policy changes. Notably, increased spending from the Social Security Fairness Act—which expanded benefits for about 3 million government pension recipients—and tax code modifications from the One Big Beautiful Bill Act have hastened the drawdown of the trust fund.Since this reduction is a statutory consequence of an exhausted fund rather than a permanent cessation of the program, it is imperative for lawmakers to enact reforms to avert these cuts.Revenue Increases: Policymakers might consider eliminating or raising the current payroll tax earnings cap to impose taxes on high earners, or increasing the overall payroll tax rate of 12.4%.Benefit Adjustments: Congress could modify future cost-of-living calculations or gradually raise the full retirement age for younger generations. Proactive Financial Preparations include diversifying savings by maximizing contributions to options such as traditional or Roth IRAs and employer-sponsored 401(k) plans.Delaying claims: Postponing the filing of claims beyond the full retirement age can trigger delayed retirement credits, which would permanently enhance the baseline monthly benefit. 

Bill and Andy Bush are fresh off the 2026 NAPA Summit in Tampa and dive into two headlines pulling retirement savers in opposite directions. On one side, Elon Musk says AI and robotics will make squirreling money away for retirement unnecessary within 10 to 20 years. On the other, a new Trump IRA executive order aims to close the coverage gap for the roughly 56 million workers without an employer-sponsored plan — including a 50% Savers Match on the first $2,000 contributed. The brothers weigh the assumptions behind the "abundance" thesis, revisit Social Security's 2033 trust-fund cliff, and remind listeners that access doesn't create retirement success — behavior does. They wrap with takeaways from NAPA, including Andy's technology panel, the rebrand of Retirement Plan University into "401(k)eso," and the industry's pivot from in-plan lifetime income to AI and longevity planning. ⏱ Episode Timeline & Key Topics 00:00 – Welcome & NAPA Recap Setup Bill and Andy open the show fresh off the NAPA Summit in Tampa — more than 1,500 advisors and 3,000 total attendees at the industry's largest retirement-focused gathering. 00:27 – Elon Musk's "Don't Save for Retirement" Quote Musk is quoted saying don't worry about squirreling money away for retirement in 10 or 20 years — it won't matter. The brothers unpack why that headline rattled the retirement industry. 01:22 – Saving as a Behavior, Not a Bet Andy frames saving as a behavior tied to a financial plan — your "North Star." You might drift, but the plan keeps you heading in the right direction regardless of headlines. 02:11 – The Abundance Thesis and Its Big Assumptions Bill walks through Musk's logic: robots replace labor, productivity surges, costs collapse, goods and services get cheap, and a government income arm fills the gap. 02:54 – Will Cheaper Tech Translate to Cheaper Living? Andy questions whether AI-driven cost reductions will actually reach essentials like food and healthcare — and whether any resulting abundance would be evenly distributed. 04:21 – Exponential Innovation and the 2025 Autonomous-Car Prediction A flashback to a 2015 conference forecast that most drivers would be hands-off by 2025 — a reminder that transformative-tech timelines are usually optimistic. 05:47 – Healthcare, Longevity, and Costs That Don't Disappear Even in a high-productivity future, aging, long-term care, and healthcare costs still require dedicated planning. Tech doesn't repeal longevity risk. 06:07 – Robotics in the Home and Long-Term Care Andy sees real promise in robotics for elder care — lifting fallen seniors, supporting daily tasks — but notes cost and functionality are still well short of household-ready. 07:23 – Don't Stop Saving Because of a Headline Even if Musk is directionally right, the timeline is uncertain. The takeaway: don't pivot your plan based on a soundbite. And don't stop believing. 07:50 – The Trump IRA Executive Order Bill introduces the newly announced Trump IRA, designed to close the coverage gap for the roughly 56 million workers without an employer-sponsored plan. 08:36 – The Savers Match and What It Means A 50% match on the first $2,000 contributed — effectively a reworked Saver's Credit — that meaningfully boosts savings for lower-income workers. Effective in 2027. 09:30 – Social Security's 2033 Trust Fund Cliff If nothing is done, the Social Security Trust Fund is projected to be depleted by 2033, triggering a potential 25% benefit reduction — a bigger hit for lower-income retirees who rely on it most. 10:34 – Access vs. Behavior: What Actually Drives Outcomes Improved access is helpful, but without auto-enrollment or behavioral nudges, retirement success still hinges on participant behavior. Behavior is the lever. 12:46 – NAPA Recap: Andy's Technology Panel Andy shares his experience on a four-advisor panel covering whether technology engages or distracts plan participants and sponsors, and what successful practices are doing differently. 13:54 – 401(k)eso: From Retirement Plan University to a Memorable Brand The story behind rebranding their plan-sponsor education program as "401(k)eso" — born at a Mexican restaurant in Baton Rouge and met with applause at NAPA. 15:25 – AI, Longevity, and Standout NAPA Sessions Bill highlights practical AI sessions for advisor practices and John Hancock's health-versus-wealth longevity discussion as the standouts of the conference. 16:17 – From Lifetime Income to AI: Where the Industry Is Focused Industry attention has shifted from in-plan lifetime income solutions to AI — but the underlying question of making money last a long life still drives every planning conversation. 17:08 – Wrap-Up & How to Reach the 401(k) Brothers Bill and Andy close with contact info — and a reminder that they're brothers, but not twins. ✅ Key Takeaways Quick Reference Don't change your plan based on a headline — anchor saving behavior to your financial plan, not the news cycle Saving is a behavior, not a forecast — you can't control productivity curves or policy reform, but you can control how consistently you save Abundance, if it comes, won't be evenly distributed — historical productivity gains haven't translated to evenly shared wealth Healthcare and longevity costs don't go away — long-term care, medical, and aging-related expenses still demand dedicated planning Social Security reform is the front-burner issue — trust fund projected depleted by 2033, with a potential 25% benefit cut if nothing changes The Trump IRA closes a real coverage gap — ~56 million workers without employer plans, paired with a 50% Savers Match on the first $2,000 (effective 2027) Access alone doesn't create retirement success — without auto-enrollment or strong behavioral nudges, participation still depends on the saver AI is the industry's new center of gravity — expect it to reshape advice delivery, plan administration, and participant engagement Make education memorable — "401(k)eso" works because branding and delivery matter; meet people where they are Plan as if you'll live to 90 or beyond — you don't know when the last grain of sand drops; fund a long life, not an average one

In this episode, host Steve Chen sits down with Mark Miller — journalist, author, and retirement expert behind RetirementRevised.com — to unpack the biggest changes hitting Social Security and Medicare right now. Mark shares his personal experience claiming both programs, explains why “later is better” for most Social Security claimants, and breaks down the trust fund depletion risk without the fear-mongering. The conversation covers the real-world impact of DOGE-driven SSA staffing cuts, why traditional Medicare beats Medicare Advantage for most people, the landmark $2,000 Part D out-of-pocket cap, and the quiet Medicare Savings Program rollback buried in the “One Big Beautiful Bill.” Mark's no-nonsense take: understand the rules, claim strategically, and shop your Medicare coverage every single year.

Money Not Math Episode 181A YouTube commenter asked me what happens when the Social Security Trust Fund runs out and requested I revisit a prior retirement income example to show what retirement could look like if Social Security benefits were reduced by 25%.So in Money Not Math Episode 181, I do exactly that.Using the same hypothetical couple from Money Not Math Episode 162, with $500,000 in an IRA plus Social Security, I walk through a retirement stress test and show how a reduction in benefits can impact retirement income and overall retirement success.In this episode, I touch on how:• Asset allocation decisions• Social Security benefit and timing considerations• Retirement tax planning• Retirement income spending strategiescan all impact retirement income and overall retirement success.I do not try to predict the future of Social Security. Instead, this episode is about education and planning, illustrating how different planning variables work together when assumptions change.⚠️ This is a hypothetical example only, not legal, tax, or investment advice, and it does not include long term care planning.If you would like to ask a question, publicly or privately, or want to explore planning options for your own situation, feel free to message me or call 218 686 3170.And as always, please: ✅ Subscribe✅ Share with a friend✅ Comment with a question or thoughtDisclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your personal situation.#RetirementPlanning #SocialSecurityPlanning #RetirementIncome #PreRetirement #FinancialEducation #MoneyNotMath #RetirementSuccess #5StoneFinancialGroup #RetireConfidently

On today's episode of the America's Work Force Union Podcast, we examine the shifting landscapes of our physical cities and our digital security. We are joined by two leaders at the forefront of veteran and retiree advocacy to discuss the "reset" of the American downtown and the escalating fight to protect Social Security data. Segment 1: The New American Landscape & Veteran Health Jeff Stoffer, Director of Media and Communications for the American Legion, previews the latest issue of the American Legion Magazine. The Downtown Reset: How the collapse of office building valuations is forcing cities into a mixed-use transformation. Housing & Homelessness: The urgent intersection of downtown revitalization and affordable housing for veterans. Cannabis Research: An update on the Legion's push for federal medical cannabis research to treat PTSD, TBI, and chronic pain. The Thomas Paine Influence: Why the Revolutionary-era "media influencer" still matters to modern communicators and labor. Segment 2: Protecting the Retiree Safety Net Rich Fiesta, Executive Director of the Alliance for Retired Americans, sounds the alarm on immediate threats to the Social Security Administration (SSA). The SSA Data Breach: Inside the federal court fight over unsecured servers and the potential exposure of millions of records. The 2032 Deadline: New projections show the Social Security Trust Fund is moving toward a shortfall faster than expected—what it means for your benefits. Actionable Advice: Steps beneficiaries can take right now to monitor their accounts and safeguard their financial identity. Mobilizing for 2026: A preview of the Alliance's National Membership Meeting in Las Vegas this April.

David McKnight dissects Elon Musk's recent claims that, because of AI robotics and automation, the future will have such hyperabundance that ordinary people may no longer need to save for retirement.  In Musk's future, robots are going to do all the work, AI will create prosperity, and society will provide everything you need at a little or no – cost. While David likes Musk's vision for the future, he doesn't agree with him on this one. When examined through the lens of economics, government obligations, and retirement realities, Musk's idea of the future collapses. David identifies five specific reasons why that will happen. The first reason, and perhaps the biggest flaw in Musk's argument, is that AI productivity doesn't automatically translate into personal wealth.  David points out that, during major technological revolutions, productivity increases faster than wages, capital investors capture most of the gains, and wealth becomes more concentrated at the top. In the most optimistic AI scenarios, economists say that it takes decades for productivity gains to spread to the entire population; if they ever do. The second reason why Musk's predictions won't probably come true has to do with the fact that AI won't fix the U.S. national debt or entitlement crisis. The U.S. has $40 trillion in national debt, which is projected to grow $2 trillion per year over the next 10 years (with annual interest payments already over $1 trillion per year). Furthermore, the Social Security Trust Fund is forecasted to run out in 2033, while the Medicare Trust Fund in 2031, and 10,000 baby boomers retire every day. Yet, no rapid explosion of AI innovation will change any of this. The third pet peeve David has with Elon Musk's predictions is that AI has no built-in mechanism for sharing wealth.  "Musk's argument hinges on the idea that AI abundance will automatically be shared, but it won't. Here's how this will likely go down: the profits of AI companies will flow to shareholders, and governments will collect very little from that activity", says David. The fourth reason why David disagrees with Musk's views for the future is that universal basic income is NOT a retirement plan. The final reason why Musk is wrong about the need to save for retirement is that AI increases lifespans which, in turn, increases retirement costs. Any major economist studying debt trajectories seems to agree: tax rates in the future are likely to be much higher than they are today. The current status quo is where the power of your retirement strategy becomes indispensable.  Remember: if tax rates in the future are higher than they are today, then every dollar you withdraw from a taxable 401(k) or IRA is going to be worth a lot less than you ever thought possible. David's solution consists of, over time, repositioning your money into tax-free vehicles – primarily Roth IRAs and Roth 401(k)s.     Mentioned in this episode: David's new book, available now for pre-order: The Secret Order of Millionaires David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track Tax-Free Income for Life: A Step-by-Step Plan for a Secure Retirement by David McKnight 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

The landscape of Social Security is changing yet again. As we enter 2026, six big changes will impact both current and future retirees. I break down everything from the new cost of living adjustment (COLA), increases in the earnings test limit, and updated eligibility requirements, all the way to shifts in the full retirement age and the solvency projections for the Social Security Trust Fund. You'll also hear practical tips on maximizing your Social Security benefits, how to prepare for what's ahead, and why it's more important than ever to have a solid retirement plan in place.  You will want to hear this episode if you are interested in... [00:00] Social Security updates in 2026. [04:23] Social Security Cost of Living Adjustment (COLA). [09:00] Social Security earnings and credits. [13:41] Social Security benefits timing. [15:31] Social Security cuts looming in 2033. Key Social Security Changes in 2026 On the show, you'll hear an overview of these changes, helping you to prepare and adjust your financial plans accordingly. From increased earning limits to the solvency of the trust fund, here's what you need to know. 1. Cost-of-Living Adjustment (COLA): A Modest Boost One of the most anticipated changes each year, the Social Security cost-of-living adjustment (COLA), has been set at 2.8% for 2026—slightly higher than last year's 2.5%. This increase is designed to help benefits keep pace with inflation and is calculated automatically based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) (as explained by Ryan Morrissey ). For retirees, this means an average monthly benefit increase of around $56 for singles and $88 for married couples. However, COLA's impact can be offset by hikes in Medicare Part B premiums, which have risen to $201.96 for 2026. This nearly $18 increase represents a 9.6% jump—higher than the COLA percentage—reminding retirees to monitor both Social Security and Medicare in tandem for accurate budgeting. 2. Earnings Test Limits: Collecting While Working If you want to claim Social Security before reaching your full retirement age and continue working, new earnings test limits apply. For those aged 62 until they reach full retirement age, the annual earnings limit is now $24,480, with benefits reduced by $1 for every $2 earned above this threshold. If you're in the year you hit full retirement age, the limit jumps to $65,160. Exceeding this means your benefit will be reduced by $1 for every $3 extra earned. Importantly, once you reach the month of your full retirement age, these limits disappear, and you can collect benefits without reductions regardless of income. 3. Earning Credits for Eligibility To qualify for Social Security, you must earn at least 40 credits over your working lifetime. For 2026, you'll receive one credit for each $1,890 earned per quarter—a slight increase over last year's $1,810. Most individuals accumulate the required credits after about 10 years of work. Earning more than 40 credits doesn't increase your benefit, but working longer and earning more can boost your payout through the average indexed monthly earnings calculation. 4. Social Security Wage Base Increase Social Security taxes apply to income up to a set wage base, which in 2026 rises to $184,500. Both employees and employers pay 6.2% up to this limit, which has increased by $7,500 over the last year. If you're self-employed, you cover both portions (12.4%). There's no cap on what you pay into Medicare, with a rate of 1.45%, and an additional 0.9% for higher earners. These thresholds have not been adjusted for inflation, making planning essential for those with larger salaries. 5. Full Retirement Age: Incremental Shift The gradual increase in full retirement age culminates in 2026. Those born in 1959 can claim full benefits at age 66 and 10 months, while anyone born in 1960 or later sees their full retirement age rise to 67. This change marks the final step in modifications enacted by the 1983 Social Security Act. After age 67, there are no planned increases—unless Congress takes further action. 6. Social Security Trust Fund: Solvency Concerns The long-term outlook for the Social Security Trust Fund remains a concern. Per the latest trustee report, benefits could be cut by 23% in 2033 if Congress does not act. Recent laws have expanded eligibility but also reduced system inflows, raising questions about solvency. For now, we don't need to panic; proactive planning and staying informed are key. Regularly review your Social Security status and plan contributions, and consider how these changes affect your overall financial strategy.  Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact   Subscribe to Retire With Ryan

Newt talks with Andrew Biggs, senior fellow at the American Enterprise Institute, about the perceived retirement crisis in the United States, arguing that the U.S. retirement system is performing well compared to other developed countries. He highlights that the typical U.S. senior is among the wealthiest globally. Biggs, who has worked on Social Security reform for over 20 years, notes that while surveys indicate a widespread belief in a retirement crisis, actual retirees report financial stability, with only 4% describing their situation as a crisis. Biggs advocates for a reevaluation of Social Security, proposing a shift from focusing solely on solvency to considering structural reforms that better align with current economic realities. He warns that without reform, the Social Security Trust Fund is projected to run out by 2032, necessitating either significant tax increases or benefit cuts. He suggests that a special commission could facilitate necessary reforms, as the regular political process may be inadequate to address the issue effectively.See omnystudio.com/listener for privacy information.

The playbook for filing for Social Security has been turned on its head. What worked for previous generations could end up costing you a small fortune. One reason is the growing financial struggles with the Social Security Trust Fund, which is projected to run out of money in less than 10 years. Ultimately, this could mean a significant cut in your benefits. Another issue? Changes with required minimum distributions on your IRA and 401K. Believe it or not, this could also impact the taxes not just your retirement accounts, but on your Social Security benefits too. These are just a couple of reasons why the traditional rules for filing for Social Security no longer apply today. Learn more by listening to this episode of Retirement Solutions Radio!

A $38 trillion national debt, government borrowing over $6 billion a day, federal health insurance subsidies for almost everyone, and a Social Security Trust Fund that no one really trusts anymore … government spending is out of control. What can […] The post Ideas for a Responsible Federal Budget first appeared on Voices of Montana.

In this episode of Gimme Some Truth, we take a closer look at the future of Social Security and what it means for retirement planning. Mitch shares insights into the projected depletion of the Social Security Trust Fund by 2033, highlighting that while the headlines can be alarming, Social Security payments have never been missed.We explore the origins of Social Security, the impact of demographic shifts, and the political and funding challenges shaping its outlook. The conversation also reviews potential legislative reforms — including retirement age adjustments, tax changes, and benefit modifications.Finally, we emphasize the importance of stress-testing financial plans so individuals can prepare for possible changes and uncertainties in the system.Timestamps00:00 – Introduction and Topic Overview00:50 – Current State of Social Security02:07 – Historical Context and Trust Fund Details05:26 – Future Projections and Potential Solutions07:07 – Political Challenges and Demographic Impact12:54 – Possible Changes and Recommendations14:50 – Conclusion and Final ThoughtsREAD THE BLOG POST FOR MORE INFO: https://walknercondon.com/blog/is-social-security-going-away/

Summary This episode breaks down the real impact of the One Big Beautiful Bill Act (OBBB) on seniors and Social Security, clarifying misconceptions spread by headlines and political messaging. Key Points Covered OBBB's Actual Impact: Contrary to headlines, the OBBB does not eliminate taxes on Social Security. It introduces a modest tax deduction for those age 65+, up to $6,000 per person or $12,000 per couple, based on income thresholds (full benefit for individuals under $75,000 and couples under $150,000 modified adjusted gross income). The deduction applies to overall income, not just Social Security, and phases out at higher income levels. Who Benefits? Up to 53 million seniors may qualify for the full deduction, but 32–37 million already pay no income tax, so the benefit is limited to those with moderate incomes. The average benefit per qualifying senior is estimated between $1,100 and $1,500. Social Security Trust Fund Concerns: Official estimates warn of a $30 billion annual reduction in taxes, potentially depleting the Social Security Trust Fund up to a year earlier. Travis argues this is misleading, as the economic impact of leaving money in seniors' pockets could stimulate spending, job creation, and generate new tax revenue. Economic Perspective: Tax breaks can stimulate the economy by increasing the velocity of money—more spending leads to more taxes collected through sales, payroll, and income taxes. The $30 billion “hit” is not a simple loss; it's a redistribution with winners and losers. Political Messaging & Reality: The episode critiques political fearmongering around Social Security insolvency, noting that the real issues stem from decades of politicians promising benefits without sustainable funding. The current tax deduction is overdue for the middle class and does not meaningfully contribute to Social Security's woes. Historical Context: Social Security's challenges have persisted since its inception, with periodic adjustments to taxes, benefits, and eligibility. Travis predicts future tweaks to the system, such as increased payroll taxes or delayed benefits, rather than catastrophic insolvency. Takeaways The OBBB provides a modest, targeted tax deduction for seniors, not a sweeping change to Social Security taxation. The impact on the Social Security Trust Fund is likely overstated in political messaging. Travis encourages listeners to look beyond headlines and understand the nuanced economic and policy realities.

Hans and Robby are back again this week with a brand new episode! This week, they discuss social security trust fund accounting.  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. Find us on YouTube: Cardinal Advisors.

Send us fan responses! What if everything you thought you knew about your legal identity was actually designed to limit your financial sovereignty? Don Kilam pulls back the curtain on a system few truly understand: how courts, banks, and governments use your name as a financial instrument.This eye-opening exploration takes you through the historical roots of admiralty jurisdiction, explaining how the Cesti Que Vie Act effectively declared individuals "lost at sea," allowing governments to assume custody of people and property. You'll discover why your name appears in all capital letters on official documents and how this represents not you as a living being but a legal entity functioning as a "special purpose vehicle."Kilam meticulously connects the dots between the Social Security Trust Fund, where citizens function only as beneficiaries rather than trustees, and how courts operate as banks—complete with judges sitting on "banks" and clerks functioning as CPAs for your legal identity. Most importantly, he reveals how GSA bond forms can be used to reclaim your position in this legal-financial framework.Whether you're struggling with court cases, seeking financial sovereignty, or simply curious about the hidden mechanics of our legal system, this episode provides practical knowledge you won't find in conventional education. Learn how to transform from a mere beneficiary of a public trust to a position more akin to a trustee with greater control over your financial affairs.Ready to take control of your legal and financial identity? Text "Private Life" to 702-200-4900 or join Kilam's upcoming in-depth class on July 23, 2025, where he'll explain these concepts in greater detail. Your prosperity isn't just possible—it's your divine birthright.https://donkilam.com FOLLOW THE YELLOW BRICK ROAD - DON KILAMGO GET HIS BOOK ON AMAZON NOW! https://www.amazon.com/Cant-Touch-This-Diplomatic-Immunity/dp/B09X1FXMNQ https://open.spotify.com/track/5QOUWyNahqcWvQ4WQAvwjj?autoplay=trueSupport the showhttps://donkilam.com

Today, Paul talks about how the new Big Beautiful Bill Act is causing a lot of people to reevaluate what their retirement will look like, but it hasn't done much to clear up the most common misconception about retirement: Social Security and how it gets funded. Listen along as Paul discusses planning for retirement, how social security gets funded, and why he believes politicians would never allow the trust fund to run out without making another plan to give people their benefits.   For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Unsure about social security? Check out our guide: Text “SOCIAL” to 800-757-0436 Social Security has been in the headlines, and for good reason. Estimates show the Social Security Trust Fund may be depleted by 2032–2034 if no changes are made, raising alarm bells for retirees and pre-retirees alike. In this episode, Jake and Nick explain what's at risk, what parts of the system will keep running, and what Congress can do to keep the system going. They also discuss the real factors that should drive your decision on when to claim Social Security. Plus, they share how raising the full retirement age and increasing FICA taxes could reshape the program's future. The system likely isn't going away, but that doesn't mean you should ignore the warning signs. Wondering what to do next? This episode will help you build a smarter plan when it comes to Social Security and feel more confident about your financial future. Here's what we discuss in this episode:

The Social Security Trust Fund is now projected to reach its tipping point in 2033. That means there won't be enough money to pay current and future benefits at today's rates. What might that mean for retiring federal employees as they consider when to draw social security and when to withdraw from their TSP accounts? Principal with Retire Federal, Tammy Flanagan, has some ideas.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

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-----

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