Is Social Security Going Bankrupt?

The future of Social Security continues to be a cause for concern if you read the headlines, but should you be concerned about the reality of the program going bankrupt?

With so many retirees relying heavily on Social Security for income, there’s plenty of reason to take notice and ask the question. In this episode, we’ll help you better understand the reasons money is projected to run out sometime in the 2030s by using a triangle and hourglass analogy. John will also tell you why he doesn’t think it’ll ever run dry and list a few things that could change to maintain solvency.

 

Here’s some of what we discuss in this episode:

• Explaining how the Social Security Trust Fund is structured and why we’ve had to dip into it.
• How the demographics of our country have shifted over the past 50 years and what it could look like in the future.
• The reasons why John is currently worried about Social Security.
• Should this change your strategy for claiming?

 

Connect with us:

Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446