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NEW Social Security Update Retirees Are In Trouble | 1322
Manage episode 431760726 series 1230
Are you approaching retirement, or perhaps feeling a bit anxious about your financial future? Tune into this eye-opening episode where we dissect the critical changes looming over Social Security, especially in light of potential policy shifts if Kamala Harris wins the upcoming election. With over 67 million Americans relying on Social Security, the stakes have never been higher.
We'll explore five significant proposals that could reshape the system and drastically impact your retirement benefits—changes that might lead to severe cuts, higher taxes, and even increased national debt. Did you know that four of the five trust funds supporting Social Security could be depleted as soon as 2033? Or that adjustments to the cost-of-living allowances could drain the system even faster?
But it's not all doom and gloom! This episode isn’t just about the dangers on the horizon; it’s also about empowerment. We’ll discuss actionable steps you can take now to safeguard your financial future—like starting a part-time business or investing in income-producing real estate. Whether you’re just starting your career or nearing retirement, it's time to take control of your financial destiny.
Don't let uncertainty dictate your future. Join us, and discover how to navigate the complexities of Social Security and craft a robust retirement plan that you can trust. Hit play and take the first step towards securing your financial independence!
P.S. Whenever you're ready to go deeper and further with your real estate investing, looking into my partner program to help you get your first deal might be the move... take the first step here for free 👉
Learn more about your ad choices. Visit megaphone.fm/adchoices
1450 episoder
Manage episode 431760726 series 1230
Are you approaching retirement, or perhaps feeling a bit anxious about your financial future? Tune into this eye-opening episode where we dissect the critical changes looming over Social Security, especially in light of potential policy shifts if Kamala Harris wins the upcoming election. With over 67 million Americans relying on Social Security, the stakes have never been higher.
We'll explore five significant proposals that could reshape the system and drastically impact your retirement benefits—changes that might lead to severe cuts, higher taxes, and even increased national debt. Did you know that four of the five trust funds supporting Social Security could be depleted as soon as 2033? Or that adjustments to the cost-of-living allowances could drain the system even faster?
But it's not all doom and gloom! This episode isn’t just about the dangers on the horizon; it’s also about empowerment. We’ll discuss actionable steps you can take now to safeguard your financial future—like starting a part-time business or investing in income-producing real estate. Whether you’re just starting your career or nearing retirement, it's time to take control of your financial destiny.
Don't let uncertainty dictate your future. Join us, and discover how to navigate the complexities of Social Security and craft a robust retirement plan that you can trust. Hit play and take the first step towards securing your financial independence!
P.S. Whenever you're ready to go deeper and further with your real estate investing, looking into my partner program to help you get your first deal might be the move... take the first step here for free 👉
Learn more about your ad choices. Visit megaphone.fm/adchoices
1450 episoder
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