Is Social Security Really Going Broke?
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- Опубликовано: 13 сен 2024
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Are you worried about the future of Social Security? In this video, we delve into the facts and myths surrounding Social Security's financial status and explore potential solutions to safeguard your benefits.
➡️ Social Security Myths Debunked: Learn why Social Security isn't going broke but faces challenges in paying full benefits in the future. Understand the nuances of trust fund depletion and what it means for you.
➡️ Impact on Different Age Groups: Discover what these changes mean for different age groups. Whether you're a young worker or nearing retirement, find out how this issue affects you and your financial planning.
➡️ Proactive Steps You Can Take: Explore practical strategies to protect your financial future, including positioning your assets in tax-free vehicles and considering innovative solutions like annuities to supplement potential benefit reductions.
For personalized guidance on managing your Social Security strategy, visit leveragedwm.com to book a meeting with our financial experts. We’re here to help you make informed decisions about your hard-earned dollars.
They can raise or do away with the salary cap for paying the social security tax. Most Americans will never reach the cap, I know I won't.
Facts:
Money of the SSA fund is handed out to many who paid into and deserve funds.
SSA input will be less than amount handed out as ppl living longer and lower birth rates decades ago. Higher demand and less supply.
How will govt fix? They will either take more per working person per check or take more from working people long during a year or both.
The govt and SSA will probably also penalize ppl who have planned the retirement (ie 401k, stocks, pensions, other investments) meaning saved and will reduce or eliminate altogether one’s SSA payout.
Why does the SSA hand out funds to people who do not deserve funds?
Those mexicicants thank you so much for your contributions!!!
My children will see a taxed society at higher levels than I’m dealing with.
They will see taxes so high that for every dollar earned they will have to spend 30-38%
That’s my prediction.
Has everyone forgotten that Ronald Reagan was the first one to raid ss?
Haven't you noticed how they forget that Reagen was the biggest scammer of the people that existed. Mortgage rates over the roof at 17% on a home. We bought in at 14% finally let alone the high taxes.
Ya, M'fer
Can you u do a review for f & g pathsetter?
Possibly - F&G does not have a guarantee on their bonus - when that is removed, if the goal is income, it doesn't compete with other products on the market. Loan rates are good - and can be a decent option for younger adults.
@@CashValueLifeInsuranceReviews do any companies guarantee their bonus?
What about the illegal people who are getting money?
That's why they call them Mexi can !! I can get food stamps I can get job no taxes I can drive no license ( no license my friend car) support my family while I work and pay no tax!! Dumb is as dumb does
name just one illegal person getting money. and were not the pilgrims here illegally?
SS is not broke
Pay more SS tax and pay less federal tax
That will give SS more money
The government congress and Senate
pay 0 SS tax they have the same retirement benefits as they do now
you just answered the problem start charging the rich and all tax shelters and income amounts lol.
it takes brains to become rich, too many brains to allow us to be taxed.
If the government was responsible they would pay back the money that they've raided from Social Security but they're not responsible so that isn't going to happen instead we give 65 billion to Ukraine on top of 95 billion that we gave him a couple years ago
who is the him we gave money to? and is it not better to pay ukraine to fight a war than have the war over here? and where do you think ukraine is spending that money? they buy weapons from us.