How Social Security Works
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- Опубликовано: 21 ноя 2024
- Since 2010, Social Security’s cash flow has been negative, meaning that the agency does not collect enough money through taxes to cover what it is paying out. Even though there was still this vast trust fund behind Social Security, they started tapping that fund’s interest.
Starting in 2021, they will have to dip into the trust fund itself to cover those benefit payments, and even that pool of cash has an expiration date. Trustees of the fund expect that by 2035 it will not be enough to cover full benefit payments. Due to COVID-19, that date may come years sooner than expected, which has some retirees seriously worried about their future.
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How Social Security Works
Social Security is important for many seniors, but it’s also crucial to plan for retirement with smart investments. Diversifying your investments helps grow wealth over time. It’s never too early to start saving and investing for a secure future. I'm 63 and my husband is 65. We’re both retired with over $3 million in net worth and no debt. We live frugally and earn monthly passive income, which makes our early retirement possible.
Congrats on your early retirement! I’m looking for investment advice. Last year, I hesitated and missed the opportunity to invest, but this year, I’m determined to try something new and open to different ideas.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Could you possibly recommend a CFA you've consulted with?
Her name is Rebecca Nassar Dunne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon.
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.
Can we just lower congresses wages? They hardly do anything
Sadly they are already rich to begin with.. And they use most of our socialist tax dollars for their vacations and free socialist healthcare, now go tell that to the replubicans see what they tell ya lol, they are only socialist when it comes to them and the rich, screw the poor as jesus once said.
I doubt that would help vert much spread across so many people. Also they will have more incentive to be corrupt
Doing this will only make things worse. Reducing congressional salaries just means that only rich people can run for office and in the overall scheme of things the amount of money spent on congressional salaries is basically nothing compared to the entire budget.
@@Dylang01 agreed and they will get bribed more often by lobbyists.
Senators make like 200k a year to take a vacation every two weeks while the rest of us are suffering in a global pandemic.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
I can’t believe paying two state income taxes, insane
I live in the tri-states area, Kentucky, Indiana and ohio.
I live in ohio ,work and study in Kentucky ..
I pay two states taxes and out of state school fees
sad is that they are paying all that for little to nothing in services
No way I’m paying 2 states’ income taxes.
They partnered with Acorns but tagged Robinhood :)
@@jeanp.5929 Is NYC a state buddy?
This video is misleading. They left out the part where the SS fund has been looted over the years by Congress for 'other' things. The fund would be doing great if the 'borrowed' funds were repaid.
In an economic society UBI Qualification is absolutely necessary.
You cant crawl around on your knees and forage enough money for rent and food, especially as you age. You either pay the people a basic share, or spend even more keeping them incarcerated.
It wasn't "looted". The law requires any excess revenue to be used to buy treasury bonds. They literally spent a minute or so talking about it.
deficit myth, it can all be easily paid this is just fear mongering!
@@noneshere ubi would disadvantage those that are sick and unable and to work as they would get less benefits than they do now
@@BTrain-is8ch it was looted. The 2 minute explanation has nothing to do with what was looted. Look or read beyond the limited video clip.
When you lie to the government it’s a crime, when government lies to you it’s politics
And you keep voting for the same liars, don't you?
@@user-qr7ee2cp4y lmao liars are the only options
we get the choice to choose who displays bs to us
@@user-qr7ee2cp4y "100 million soccer moms that want your taxes for their parks and kids" keep voting for the same liars.
There, fixed it for you. Our votes don't count, at least not enough to overcome the 'taker class'
@@user-qr7ee2cp4yhow can we know who are liers .. it’s all about trust just like this system
2:51 FDR
1:40 Cashflow
6:50 Case Study
16:33 Universal Benefit Plan
Thank you!
I am still in high school, I was never taught about investing or saving for the future. The only thing we were taught was work and you'll receive retirement benefits. I opened my Roth IRA earlier this summer, I have a 401K plan, an IRA, and I'm investing in stocks to have money for when I retire. I had to go out and learn all of this on my own with no help from the school system.
It's done on purpose kid. This country banks on you being a cog in the debt machine, and by having no financial knowledge it helps the system out.
Same here, I’m 26 and I already have my Roth IRA set up and I’m only buying shares of Coca Cola, realty income, and vanguard total bond market. I just enrolled in my company IRA and I’ll just buy VT, and VTEB. I also have other brokerage accounts where I buy dividend stocks, trade options, futures and forex to make extra money
The school system teaches you to become part of the human capital stock. In other words, you’re being taught how to follow. The funding ends when it comes to the arts, because they teach you to question everything.
Investing is super easy if you start early enough but you should never underestimate the stupidity of a population; unfortunately, this problem is compounded as the FED targets 2% inflation in derivatives saving and encourages saving. That is why US securities are a bad investment for the Social Security trust fund, after inflation is calculated there is minimal gain.
big surprise, defunding the education system turn out to have consequences.
Ridiculous that were forced to keep up our end of the bargain, while the government can just say, “Sorry y’all.”
Legalized thieves 😡
You got that right
My uncle has applied for social security benefit now, processed everything as per law. I sent documents with attestation. but they are asking for original documents which I'm unsure if it is to be sent or not. can any body help me please as to how to approach. Thank you for suggestions..
What was "your end of the bargain'?
Who’s “the government?”
Blaming politicians is an age old pastime, but the government is us.
The government includes SSA. SSA pays out money to fellow Americans. Americans vote for politicians.
If we voted for politicians who promised what can’t mathematically be delivered, shame on us. Blaming the “government” is a scapegoat, in this case, for old people living longer. If you want to cut their (and, in future, your) benefits then fine, tell your politicians.
Boomer generation are the ultimate scammers
If they can cover bailouts they can cover our social security.
Bailouts are loans, you know that right? So you'd be okay with social security taking a loan?
@@cptfalcon5101 it's all loans, tax cuts for the rich =loans, military spending = loans.
the budget is always in deficit so its all loans.
@@cptfalcon5101 you know at the beginning of this video said they don’t have enough to cover what they are paying out. So they are taking loans.
@@daniellehinson5581 They are not taking loans, they are cashing out existing securities.
@@cptfalcon5101 no matter what, they need to give the people what was promised, so I mean yeah. Obviously is only a short term 'solution' but if it comes to that, which it hopefully wouldn't, then it would be the right thing to do
I’m on Social Security and Medicare. The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut. I literally made best decisions when i started working with an advisor
It’s unfortunate how Medicare costs can sometimes offset Social Security increases, making it feel like a setback. It sounds like your decision to work with an adviser has been beneficial, especially in managing these unexpected costs. Having an adviser to guide you through planning for healthcare expenses alongside Social Security adjustments can be invaluable in securing a stable income
Totally agree. A good financial adviser is a game-changer. My portfolio is balanced for all market conditions, and it has returned 120% since early last year. My adviser and I are now working toward hitting a seven-figure goal, which could take another year.
That sounds interesting! Could you share the details of your adviser? I'm urgently in need of one.
Over the years, I’ve worked with a few, but I’ve stuck with “Julianne Iwersen Niemann” for the last five years. Her performance has been consistently impressive. She’s well-regarded in her field-look her up.
My CFA Julianne Iwersen Niemann, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
If the big brother could give away $7 trillions toward the too-big-to-fail companies in the past several years, why not government does the same and allocates the fractional portion of the funds to the SSI?
SSI or SS? SS has to come out of its own fund.
We can also give about millions of dollars to other countries that are fighting a war that has nothing to do with us too….
@@SandfordSmythe why?
@@megustavophoto SS was set up to be a self-contributory system not out of general funds.
I am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.
A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.
I thought gains like that are nothing but a pipe dream! mind sharing details of yourmanager please?
She goes by ‘’.Sonya Lee Mitchell’ I say you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Get your hands out of my pocket, you wretch. Pay your own damn bills.
So millennials are paying for boomers retirements today and we won’t have a pension when they retire lol why am I laughing *tear*
The problem about the baby boomers and the millennials is that during the baby boomers people had more than four five kids... Millennials only want one or two kids...
@@hacatan24 That's definitely not the problem. SS pays out to kids as well. If immigrants come into the country as adults they cost the system less and contribute more. Further its not that boomers parents had more kids that's the issue its that they had them all at the same time causing stress all at once time. This is important to how the SS fund works. If you take out the money now its not invested for the next generation to take advantage of. If you fast forward to end of payments for baby boomers then everyone putting in now will have some of their contributions invested again. The big problem here is that SS should have been adjusted decades ago to account for this probably by removing the taxable income cap.
@@Furiends very well reasoned analytical explanation of the nub of the problem
Go have some kids.
@@alenpaul2523 cant even afford my own college how am i gonna afford kids and kids college
One thing a successful retiree never discloses is how they got to realize that the key to amassing wealth lies in making sound investments. I purchased my first home at the age of 21 for $87,000 and sold it for $197,000. My second home, acquired for $170,000, was later sold for $320,000, and my third property, purchased at $300,000, fetched $589,000, with buyers covering all closing costs and expenses. Not reaching a million before retirement feels like an unfulfilled goal.
You have done great for yourself. I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success!!_
Thanks to these recommendations, I successfully located her online profile and have already reached out to her with a message.
Scam
@Cathywalter192
Hi James, I am fairly confident the accounts randomly suggesting to contact "Jenny Pamogas Canaya" are spam accounts hoping to redirect concerned viewers to a scam website. I have reviewed the website and identified the website to be fraudulent and the photos depicting the person are clearly stock photographs. If you have already engaged with this website/"person" I would strongly suggest ceasing communication or reporting them.@@georgestone0123
Are you white?
They will take 6%of your check ypur whole life and give you nothing at retirement
Oh, no that is not true. They are taking 13.5% of your earnings. Don't worry, they will give you 65% of that when you retire.
@@christianlibertarian5488 Your numbers are incorrect. It's 6.2% for you and 6.2% for your employer, which is 12.4%. It's looking like a 21% cut if you retire after 2035, so receiving 79%.
Pretty much I dont know this thing and I am young... who knows this will continue to exist at 2060 or 70 or 80 90...
@@jaketyler7088 Q... why the same tax to your employer, I'm confused?
@@jaketyler7088 Rounded my numbers for a quick reply. My point is that you always pay both the employer and employee contribution, if you are the employee.
6 percent of every check you'll never see. Could of put that into a 401k.
Well, at least it's going to a safety net place waiting on standby when you retire.
@@TheCoachRC except its not. Maybe you missed the memo, ss is running out and likely not a feasible thing for younger ppl to tap into when it's time.
@@nunya9763 That is true, Steve, which could apply to many older people as well thanks to Congress tapping into the fund and looting some of the money for foolish purposes.
Agreed
Basically, the responsible are paying for the irresponsible that would never save their money.
Those who are paying into this should be more worried. They will receive nothing in return when they do retire.
Sucks for us
Yup, it’s the biggest Ponzi scheme ever.
@@JohnSmith-lk9fv yep that money they take could go to my 401K instead boomers get to milk all the benefits and bankrupt us all they while. Government should ether fund it or completely eliminate the payroll tax entirely and just eliminate it.
Congratulations! You're comment is approved by corporate interests and has been elected to stay! Did you know most comments don't meet that threshold on this specific channel? Authoritarians are taking notes on this channel's censoring prowess. It's impressive NGL
False propaganda. New generations pay in for the older generation to receive such as what is happening now: millennials support boomers and we'll be supported by younger generations in the future. But certainly you shouldn't depend on ss to fund your life in retirement and save in a ira, 401k etc now.
Been watching, listening, and paying attention to all of predictions and forecasts since early Covid. He hasn't disappointed yet 👌
@Jason Clinton lookup MARTHA ALONSO HARA , this is her name online, she's the real investment prodigy since the crash and has helped me recover my loses
@Jason Clinton Investment now will be wise but the truth is investing on your own will be high risk. I think it will be best to get a professional👌
*MARTHA ALONSO HARA* has extensive training and knowledge in the financial industry. She is regarded as an authority in the field and has an in-depth understanding of portfolio diversification. I advise doing more study on her credentials. She is a great resource for anyone looking to understand the financial market because of her extensive experience.
When you invest in a Ponzi, you don't get to the disappointment, until it inevitably falls apart later, once the Boomers get out with their checks.
They should let people choose to opt out paying social security or not, if the money is not guaranteed to be paid out in retirement.
i agree but it would collapse the system
How would they continue to pay benefits if people opt out of the system?
@@Namath1000 increase taxes on the existing people or make opting out illegal
@@joestein6603 Opting out is illegal.
@@mail-qh2qc Where are you going to get the money to pay people back what they paid in?
Never was a fan of politics but I wanted to learn about retirement plans at a young age that has brought me to social security research and now I’m here. This has opened my eyes to why it’s so important to stay in the loop. It’ll effect us ether way. Better to be prepared then ignorant.
I feel the same I may be young today but still better get ready today for not surprises in the future. 😅
Respect💯 so what's your advice to plan for the future?
*than ignorant.
What i hate ab this is that ppl are getting too confy, they want others to get them things, and ok i get it they paid for a bunch of years what it was suposed to be their retirement, but lets be realistic, what they have saved its not going to be enough, solution? Reducing comfort stuff, traveling, vacations, luxury stuff, im not saying not to spend any on those thing, but the KEYWORD is reducing it, and the left over money to be invested in medium yield investments, that way YOU as a person living in US will make sure that you are ok for when you get to retire
Basically my standpoint here is that take things under your control while you can, so you dont have to rely from others when the time comes and you have no other choice
something is wrong in this country when medical charges are this high. i just got $4K worth of meds from outside of the US for $100. and that includes shipping!
Sell for profit
You can go to Cuba and have any surgery for like 10% of what you pay for here
In Lebanon🇱🇧, prices for rhinoplasty (fixing the nose) go from $1,500 USD to $2,500 USD.
Thousands of dollars less than America's🇺🇸 prices with/without insurance, and I am saying this *as an American* 🙂
Doctor visit in Mexico 2$
Reminds me of Michael Moors documentary film "Sicko".
A US lady left a Cuban hospital with $160 inhalers for $4ea.
It just goes to show how U$ will let its own people get ripped off for the taxation profit.
I’ve been working since I was 15. Applied for unemployment 2x when I was in between jobs. Denied. And now I have to look forward to the fact I’m paying for something that won’t be there for me when I need it EVER :-)
Why don't you think it's going to be there when you need it?
You better start coming up with clever ways to make money outside of working a 9-5 . That sh!t is dead.
Take control of your retirement, don't trust the government.
Or take control of the government? :-P
Anarcho-capitalism doesn't work.
@@freaked-outcenk7990 Got a better system? I wouldn't want to live under any of the other choices we've seen in the world.
@@just4funallday508 Ayn Rand-worshipper detected.
@@freaked-outcenk7990 I'll take that as a no.
My job is so stressful. I'll probably die at 61.5 years old.
Right before collecting early retirement.
Perhaps I need to stop working now and move to another country.
Your not alone☹️😢
when i was in middle school (2003 ish) i had a teacher tell me that social security wasn’t going to be around by the time i had to use it, and probably wouldn’t be around by the time she needed it.
had no idea what she was talking about. but now... just wow.
SSA owns.. ALOT of the U.S. debt WE owe OURSELVES, because, WE allowed the politicians to 'steal' from the OUR TRUST account. True story
She is completely incorrect.
Your teacher was wrong.
@@civildk9077 No one has stolen from the Trust Fund.
@@Namath1000 Well now, when they pay US back, I'll admit I was wrong.
Yawn....I am 64 and collecting social security. Back in the 1980's when I started retirement planning my advisor claimed there was a good chance social security would most likely be bankrupt by the time I retired. This was the dawn of the age of 401Ks. If we can increase the military budget we can increase funding for social security.
Well said.
Tax money doesn’t go to social security, it’s self funded by payroll taxes only.Front page of your social security statement states this will replace about 40% of your earnings. You have 50 years to save for your future.
Can’t we just take a small bite of that defense/military budget?
social security spends about 150% of the military budget every year. So no.
@@doncamfrantz 750 billion $ military budget versus 1.1 trillion $ social security. So yes you could.
No, corps and governors need to make money from military budget too.
Fine - the Chinese and Russians will love to take you over while you are getting checks - then they will take your checks too!
Historically there was a "peace dividend" after major conflicts. Since the change to a volunteer army and the Reagan buildup in the '80s defense spending has been relatively constant. The Founders warned against a large standing army for other reasons, but they did mention cost. We should be asking if the U.S. military presence around the world is making any difference in our lives or will make a difference in our children's lives. This nation wouldn't exist if France hadn't had a large navy in 1778. No simple answers to that.
As someone who grew up at the poverty line and worked his a$$ off, ultimately paying max max into every swinging government program there is, and for 30+ years, if Social Security is not there when I go to collect, I will be in Washington, cache of weapons in hand, making the 2020 capitol riots look like two first graders playing tea party.
Can I join you Brian 🥳?
We need you to follow through
You definitely do not want to write this online my guy
😂😂😂
I'll bet it will he there
Hmmm... Wonder if we'll have to cut the military to 70% when the military trust fund runs out, or cut corporate bailouts to 70% when the corporate bailout trust fund runs out. Oh, forgot, we only have trust funds when it comes to funding a middle class retirement. Funny how we can find money through deficit spending when we want to, but only talk about cutting benefits or raising taxes when it comes to middle class folks. Great job framing all the options CNBC.
Ummm you ok bro?
@@jasonpark1556 😂
@@jasonpark1556 😂😂😂
@@jasonpark1556 Which big word are you stumbling over?
Social Insurance. That's how it works.
I think the retirement crisis will get even worse.> A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
I recommend you come up with a plan to spread your money out because it's been harder to manage your finances since 08 Crash and COVID. A coworker told me to get help from a financial advisor, and I've actually made more than $210k following my coach's advice during this market turmoil. She used smart tactics to safeguard my investments and even make money in this unpredictable market.
@oldcastleswan Can you kindly provide me with the information of your investment advisor as I am currently in desperate need of one?
I'm guided by Laurel Dell Sroufe an experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
Social Security isn’t supposed to be the SOLE system to retire on.
Exactly, kinda sucks knowing how much more I’d have in my personal retirement account if I could chose to contribute to my retirement account vs SS. Ironically the coworkers I have that have the most social democratic views saying we need more programs like SS are the ones who haven’t contributed to the company 401k/IRA and they are mid way through their 30’s. Seeing my parents stress about retirement since they didn’t contribute young made me vigilant to start at 16.
This is why I started a 401K at 18. I don’t think there will be any money for me to rely on. I’m 21 now so I’m probably screwed.
If you are that aware at 18, sounds like you'll be ok by retirement SS or not. Good job.
You are screwed if you are dumb enough to believe in the prevailing propaganda. What SS actually pays out in $USD is not in question. What any $USD payment may be worth is another question. That will have to do with how many people are working per retiree, and how good the operating capital is weighed against resources constrained by not really being a product of human labor directly. All SS is a transfer payment from young to old which has gone on from time immemorial.
fok all dat use your cash 2 buy 24k gold. and silver aint a bad idea ....do the research and look back in history without the teacher's U will C ✌
Same here. I started my own flooring company recently and am investing in myself. As much as cars. Bought a 70 396 ss numbers matching so when electric takes over. I can sell it. Cash out. Gl in life brother
What if the government decides to tax 401k to fund SS 🤪🤪🤪
Miss, live in New Jersey to avoid paying New York taxes since your job is in New Jersey.
I seen that and I wonder how bad they're screwing New Jersey taxpayers.
Most people venture into the crypto currency to be millionaire meanwhile I just want to be debt free and live comfortably, thanks to trading I don't worry about retirement survival.
Assets that can make you rich
Bitcoin
Stocks
Real estate
@@mirabellelia9996 Stock's are crashing, Bitcoin investments Right now will be at every wise individuals list, in a month you will be ecstatic with the decision you made today
You're right, it's obvious a lot of people remain poor due to ignorance
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
@@lasbreydante9465 I'm new to this Bitcoin trading, how do I get started with the help of a professional?
How Social Security Works: It doesn't.
I take it you don’t qualify for social security retirement
It was doomed to fail. People early on made out like bandits, but as lifespans increase, the model stops working. That's why the government should not be in the retirement business.
One thing I’ve learned at an early age. Never depend on anyone for your well-being, including the Government. Invest and reinvest your income. Be smart and be a step ahead. GL!
Thats a good advice but investing is a vast topic. Can you tell me on what or how or where you invest money.
Amen!!!!
Poor people can’t make investments
@@alexandernakashima4236 lost both parents at 16. They were poor. Nothing was left behind. I Worked two jobs and went to school full time at 16. Rent a room for $500 and saved every penny I could. Fast forward. I am not poor anymore. On pace to retire before 40. Poor people can invest. It’s the poor mind that keeps you down.
Never depend on anyone! Invest your money in someone's busness what a joke
17:42 - seems like a lie that a person earning $60k per year would receive an extra $4k per month based on a ~3% reduction in their tax rate. Can @cnbc please correct or make a note in the description.
Yes that's a completely stupid assumption made by a person who has no idea how real life works.
Even though we pay in our entire life, ssdi only looks back your past 5 years of employment as to what you can receive.
Yeah, that math makes no sense. I can't believe they didn't call her on that. Even if it was self employment, 12.4% of 60,000 is only 7440. So a cut to 10% would be a savings of only 1440/year. And since most people aren't self employed, it's only half of that. A person making $60,000/year would save $60/month. How did CNBC not check this ridiculous figure? a 1.2 or 2.4% tax cut earns you 80% of your gross salary?
@@noneshere really?! 😱
My mom was a nurse who made on avarage 80k per year through out her career. Retired last year at 65 and she is not getting 4k a month I can tell you that. She gets half of that so I don't know what calculations they using at the SS compared to what this reporter just showed. I wish she was getting 4k per month.
1:38 Since 2010, Social Security's cash flow has been negative
2:52 President Roosevelt signed Social Security into law half-way through depression (August 14, 1935)
3:34 In 1939, added child, spouse, and survivor benefits
3:50 In 1965, added Medicare and Medicaid
5:17 The first monthly SS check was cashed in 1940 for $22.54 | in 2020, the average check is $1,503 a month
6:42 How your SS benefit is calculated: birth year, average income, retirement age
8:49 You can start collecting SS at age 62 (but benefits are reduced compared to waiting until age 70)
I feel bad for millenials already having to pay back big student debts while having a hard time finding a job and now they have to worry about their retirement.
Ummm I don’t think we’re supposed to talk about that😌🤫‼️
I feel bad for the adults who paid for their college and then paid for their kids college and now may have to pay for other people’s college debts!
Well the sad thing is we probably won't have retirement by the time we get there.
And the boomers retirement
Not millennials but everyone should worry about retirement. It's sad when I see old people working as cashiers or at walmart knowing they probably didn't save enough for retirement.
Basic maths tells you that as the population ages the worse it will get.
True, but it's more than that. Better medicine and transportation=longer life. Take longer life× older population boom× smaller workforce× slower promotions× higher education abuse... It's a perfect storm.
@@d.dementedengineerc99isurf26 that's exactly what it is.. people living longer...
@@d.dementedengineerc99isurf26 as harsh as it sounds we should improve quality of end of life not just needlessly prolonging it. Euthanasia should be discussed to end suffering and give everyone dignity and reduce strain on the system.
@@zakirehman1165 Yes. We have the right to live but no right to die... Yet keeping suffering animals alive is "inhumane."
It's like a mix bag of things going wrong. USA needs a higher birthrate, amongst other things to bring in more taxes. Look at Japan and other countries in the same position.
They need to figure something out , if not , stop taking money from my check please .
Too much politics like you see here.
I have actually come to realize that I can receive my social security benefits even while working.
I collected my social security benefit so early simple because I started making my financial decision with an advisor; *Teresa Jensen White.*
With her financial management strategy, I have been so profitable. I urge you all to stop the stressing and get to work with her.
My advisor; *"TERESA JENSEN WHITE".* In terms of portfolio diversity, she's a genius. You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
Yes you can!!! Except you receive less money depending on how much you earn. Why draw it early if you are still working? Reducing it in two ways, by drawing it early and also by working.
If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit. For 2022, that limit is $19,560.
Yes, you can but -- depending upon your age -- you may be limited in how much you can earn while still collecting social security.
In short: Millennials in the US are paying for Baby Boomers retirement...
Yes, with the expectation that Generation Z will pay for THEIR retirement. Rather stupid if you ask me.
Yet, we are the "entitled generation".
@@Schmexy Millennials aren't expecting Gen Z to pay for their retirement, when they are sure that they'll have to fend for themselves in retirement savings.
@@Schmexy lol as a gen z I can tell you we don’t expect millennials to pay for social security. Millennials are already so in debt we know they can’t afford it.
@Jack of all trades the cycle cannot last forever and forever. When the time comes that Baby Boomers pass their wealth onto Generations Y and Millennials, then there will be an even larger wealth gap, no?
As a millennial I grew up being told in elementary school we would never see social security .
Save and invest. Dont depend on one basket.
We wont. Our parents will be lucky to get it all their lives
You'll see it, it just might not be as lucrative as it was previously.
If you know, you know...
@@channell11 And yet, living expenses will go up. That's why I'm gonna have a 401K, investments, and an emergency fund. And with the small social security check of $1300, I'll just move back to Mexico and retire there.
Pension sistem is broken,invest yourself in your retirement
REAGANOMICS DESTROYED PENSIONS !!!
Indeed
@jennifer minott stay powerful
you know you're still paying the taxes for it though, right? So we must make sure it works
@@cemdursun stay powerful
I’m 23, and I see no future for me or my kids. I work all day, just to get barley enough too cover my bill and food. I’m talking ramen. I wish I could have been born in the 60’s. When money was everywhere and everything was cheap. I grew up hearing boomers saying “you’re generation doesn’t understand, etc” now we are dying to survive and they all lived in lavish lives. Bread was cheap. Cars were only in four figures. Houses were cheap. Now I’ve gotta spend 15,000 for a new car, my mortgage is 1500 a month. The American dream is dead.
I was so interested in what percentage of people who qualify for the maximum SS benefit at FRA I asked the Social Security Administration Statistics Department. After a few weeks and a couple questions I got a response. In 2019 the maximum benefit at FRA was $2861.00. 0.18% of all people that filed for Social Security benefits at FRA received the maximum benefit of $2861.00. This tiny fraction is based on all qualifying factors you mention in your video.
So that means on 0.18% of the population earned enough to pay the maximum amount, $142k in 2021. Sounds about right, I think they're called 1%ers
I suggest the more interesting question is the distribution going downwards and particularly over time. What percentage under $500 in 1980 versus under $1,500 today (inflation adjustment).
I love RUclips it’s basically free college all it needs is your attention:)
Spot on!
this is not education, CNBC are peddling their wall st agenda, govt can afford this no problem.
watch this instead
ruclips.net/video/QuUx3IL0a-0/видео.html
I will admit, I have learned a lot watching RUclips from grooming dog to new knitting stitches and techniques to to growing a garden in an apartment. I am grateful for it.
Damn girl, that’s a lot of taxes in one paycheck, goddam! There’s nothing left to save and invest.
That's what living in NYC and NJ does to you. I worked in NJ two years at $80k/year and state, county, township, city, znd sales taxes were horrendous, let alone normal living expenses. I gave up and moved to another state, at a 50% pay cut, and had spending money with reasonable living expenses.
@@moriver3857 Jersey, then Cali. But my dad always said, "That Ford costs the same everywhere!"
Social security would have been an excellent system if the government kept kept its hand off it. Once they started “borrowing” from the SS fund, it wasn’t coming back. As a young worker, I wish I was able to put the amount I pay in SS tax in to my 401k as I know the social security program will be dead broke long before I retire
What borrowing? I hear that all the time but no one can point to anything.
They pay it back as needed in the years there is a shortage, also interest is paid. As long as the payroll tax is in effect it wont go broke. It may come up short each year but that is because the ratio of payees to beneficaries has gotten slimmer.
Without the government paying interest on the money, it would be in considerably worse shape than it is now. And the borrowed funds are CURRENTLY being paid back.
Oh. We can point to everything. What do you think Welfare is? Or the trillions of dollars spent on "COVID relief"? What happens to people's social security once they die? Where does it go? Social security is set up where, they give you a certain amount of social security every year for the rest of your life. Not all of it at once, but a certain amount every year. So most people die before they even see all of their money they put into social security. And where does that money go? To their children? Their family? Their spouse? Perhaps some other loved one? Nope. It goes to the government to be used by the government for whatever the government wants. It's why they keep raising the age every year. First it was 55, then 60, now they're raising it even more. So that the people who would qualify for social security will die sooner after they start receiving the money, and so the government can keep all of that money for itself. Just look it up.
@@elistari1050 No, most people do NOT die before they receive all the money they put into social security. Most people take MORE out of social security than they put in. And they don't keep raising the age every year. They have raised the age ONCE in the entire history of Social Security. The full retirement age was originally 65 and now (for those born in 1960 or later) it is 67.
How it works. You pay in your whole life and government steals it in the end.
THANK YOU SIR FOR KEEPING SIMPLE AND HONEST.
I vote KENN TOLLENS for President 2024.
the people in the FIRE movement look like geniuses compared to this.
Explain
Not really. The only reason they can do that is because they had really good jobs that paid them enough to save a lot of money and invest in good interest rate opportunities. Your average American will never get the opportunity to earn that much in a short period of time.
Also a lot of people in the FIRE movement never disclose their inheritances. They try to make it seem like they did it all on their own when they likely got a lot of help through money handed down to them.
FIRE is literally for wealthy Elite White people and an extremely small few of wealth Elite Minorities. The rest of us are lucky if we get to have stable employment with a decent paying job. And that's with making good financial and career decisions.
@@teddybruscie Inheritance??? Elite WHITE!!! people???. Bro don't even, I'm tired of people thinking others can't do as well as "white's". You'r basically giving people an excuse to be financially stupid. you don't need lots of money, to be white, or even a college degree to be wealthy. It might help, but at the end of the day it's YOU who wants to learn, benefit, and grow you're finances. The books, videos, and corses, don't care when, where, how and most of all what your skin color is. But again blame it on someone els.
@@Js14561 Wow great way to misrepresent my argument. I never said anyone can't do it. I said it's extremely less likely. Sure I could climb Mt Everest without a guide and no tools, there are people who have, but that doesn't mean that everyone has an equal ability to do so. So the likelihood given varying backgrounds and circumstances of different people to even be able to do FIRE or retire period is pretty next to impossible even with smart financial decisions.
And yes being white is a huge factor because white people have higher rates of wealth transfers. Most people who do FIRE have wealth transfers. How are people who habe wealth transfers gonna lie to 99% of people in the world and tell them they can retire early when they were given every opportunity to succeed and simply decided to cash in early.
So no 99% of people who are not wealthy or have an inheritance coming, can not and will never be able to do FIRE because the American market is not designed for 99% of people to retire early. By the time 10% of people somehow manage to do it they will have changed the game and those 10% will start dropping like flies.
@@teddybruscie personal responsibility is a foreign concept to liberals.
A little error in the title, you're missing "doesn't"
I am writing because I applied for my son to get his ssi benefits in decatur Illinois, and the rep. started yelling at me over the phone I have psychological problems and got nervous. Then when I got to his office he made me sign something I didn't understand I also have a learning disability in reading. Then when I started to stick up for myself he started to threatening me with my daughters social security benefits. I also started to report this on every social media platform
They need to stop paying benefits to people who never paid into social security!
They should’ve never started it then. The first people to get Social security benefits never paid a dime.
Stop being selfish we should take care of our elderly.
Eliminate the spousal benefit?
@@jessepalmer3610 that doesn't seem fair.
Well, I'm a top earner and I disagree. Specifically because life is unfair to the unfortunate. No one asked to be born with a disability or get one later on in life. We all say this stuff until we see someone suffering and say " this person needs help why arent we doing anything ". And here SS is 🤷🏾♀️
@@LoganLeGrand the elderly is not the group spoken of!!! It's the ones who have bled the government for generations without ever working and contributing. Leeches.
So frustrating... I've been working since age 16 and probably won't get anything when I retire. Yet a lot of housewives who never contributed a dime are living off my contributions.
I have family members who have been collecting SS for decades but never worked a day in their lives. They take cruises and travel. This was poorly designed.
Well they said when the funds run out it just as means you would be getting less than what your supposed to in benefits I think it was 78% of your benefits/pay. So I think your good because either way they also said the government is probably gonna raise taxes to help pay for the social security benefits.
What? You don't get social security unless you've worked. If they worked for only a little bit you don't get much. They're going on vacation with other money they saved or invested.
That's my beef. I never get to see what I put in.
Unless somebody changes the law, you WILL get social security when you retire.
This video proves that we have to get smart about our money. It behooves all of us to ensure that we have enough for retirement. Social Security is a great system but we cannot expect it to be around. While I do believe that the government will not allow it to vanish, when you are planning your finances, you learn that you have to plan for every contingency even one that has no social security.
FDR came up with SS to relieve the misery he saw in the '30s. Since then SS has been expanded and modified without paying enough attention to reality. The boomers keep voting themselves benefits and sending the bill to their children.
Social Security kind of sucks (for retirement). When the tax money is being invested, it returns around 2.2%.
The stock market averages higher than that. Also, I am not getting back the money I put into Social Security through taxes.
My personal retirement plan, I get back what I put into it.
They also play games with retirement age and death benefits.
I'd rather see more robust laws and protections put into place protecting personal retirement money.
I do like the idea of a flat retirement, that both helps low income earners and reduces taxes. That seems like a reasonable way forward.
Great system for those that are on it, and are probably on thier way out!!! But not for the millions that are close but not there YET ☹️😢 we can't count on it!!!
@@just4funallday508 "The boomers keep voting themselves benefits " not true.
Actually the types who pander the " privatized" product lines are selling smoke and mirrors.
#1 the solvency of the USA is the GDP ,GNP and it's in the trillions now per year.
#2 the SSA , and other such systems by design recirculate the $ in those qualified recipients who then pay for : rent, mortgage, property taxes, utilities, auto and home insurance , food,clothing, s and sundries in other words right back to corporations.
The abuse neglect tactic selling a notion that scarcity is now the cause...greedy have not other avenue so now you cañ die on the side of a road in the dirt.
It's a greedy hoarders fever dream. Tell your congressman the social security program needs to be expanded.
In some states the birth rate will be increasing among all age groups and not all will be well, for example. Who but SSA picks up those dependant people? No one.
For some reason this helped in my AP Gov exam
This is a problem pretty much plaguing all modernized nations. As your nation becomes more developed and obtains a higher standard of living, birthrates generally go down and life expectancy increases. So when you have more people aging and becoming older with less young workers to pay into the system, this becomes a real problem. The solution would seem that you need to encourage a higher birthrate which brings problem in of itself. If you go the nordic route and offer hundreds of days of paid leave off, then companies are less likely to hire younger women.
good insight
In the UK the highest social security is around $900 per month (when converted).
Maybe because of comparatively less wages/ cost of living.
@@abdulvahid93 It also cost less to live there when you factor it in. A significant amount too
A huge stimulus to working class people would increase the revenue social security takes in
A law should be passed that will block the government and politicians from taking money from the SS trust fund. They have got use to taking money from the fund and not replenishing what was taken.
I don't know where you got the idea the is money in any trust fund. Jimmy Carter spent the money, replaced it with "Special T-Bills" (i.e. debt that the govt owes to itself, or that we owe to us, or best said: promises to collect more taxes in the future). This is like U or me spending everything we have & replacing it with an I Owe Me. We'd be broke. So is Social Security. And to be fair, no president since has replaced the money nor made SS whole again.
Since Day 1, SS has invested/lent money in Treasury bonds.. And most definitely it gets paid back
No one has taken Social Security Funds.
@@Namath1000 Then why is the no money there, only government debt? I.e. I owe me's from one govt agency to another? The money goes into the general fund at the Treasury, the govt spends it, its gone, so they put T-bills showing the Treasury owes the SocSec dept money and it adds to the federal deficit. Not only do people take the money, they TAKE ALL the money PLUS MORE. Sorry, the money is gone and all that's left is a promise (T-bill) to take more in taxes later. Liberals can't do the math, sad to say
@@EngineerMikeF What SHOULD be there?
If it was actually used for what it was set up for it’d never go broke
Indeed
Which is?
It’s older school but for people who paid into it to get paid back later , like a retirement fund. Then they added spouses and children , good ideas. Then it became a slush fund for political agenda, I might be wrong but ask yourself how much money has been put into it? How much was given to those that contribute?
@@rockystaatz521 SS was enacted in 1935, and FDR add his original plan of wives and children in 1939 after he got his feet in the door. So you fall back to the myth that money is being stolen? It is operating the same way as FDR set it up in 1935 and 1939. There are no secret "books" being kept anywhere.
Books? The expansion of the benefits sounds good but being used mainly for other purpose usually politics
All these comments talking about bitcoin. Some of them will lose thousands if they don't know what they are doing.
Got tips
Receive “FULL” benefits if you wait till you’re 70 considering if you even make it to 70
If you have the financial means to do so, you're almost better off taking it at 62 and then investing it. That'll help offset the lower payments from taking it early.
They want people to die before they even start collecting it...smh
Despite astronomical medical costs, USA life expectancy is shamefully low (26 of 35 OECD) at about 79 years. That means expecting to work from about age 20 to age 65, pay 12.3% of your salary, then draw SS for an average of 14 years has some math limitations. Assuming your income doubles from age 20 to 65 (flatline it if you like, the math gets stronger in support of SS for low income), you've only paid 6.5% (employer pays the other half) of your total income. I'm unclear how getting 90% of the first $996 and 32% of $996-$6,002 of your income for an average of 14 years is unfair considering you only paid 6.5% for 45 years?
Since math seems to be a challenge:
45 years at $20k=$900k lifetime income at 6.15% is $55,350.00
$20k=$1,667 monthly
SS pays 90% of $996=$896.40 + 32% $671=$214.72 for a monthly total of $$1,111.12 for an average of 14 years = $186,668.16
Sure Warren Buffet may do better, but even he can't guarantee this ROI.
That's why they keep raising the age, hoping we'll die before we can apply 😡😤🤬
@@bruceleelee3823 It makes no difference to "they". It's not their money.
You put together a very informative program. It is clear and understandable. Thank You
you're welcome.
I'll be back when there are more comments.
Me too
Ok
Whoever sees this comment, in 24 hours, Please reply to all of us^
@@rotocoach5397 Ey bro thanks.
Been reading the comments here for a solid hour! Lol!
Just give me the money I put in back and we will call it square social security administration.
Dude you know that million of disabled people are getting paid by social security
@@ahadumer418 The disabled get paid by a separate fund than SS retirement.
Moral of the story "Better put your money on a piggy bank rather than on SS" .
They have been saying since Social Security's inception 85 years ago that there would not be enough money and it would go bust. Every year we hear this.
Except objectively the math is panning out now. Likely we’ll just transfer a few trillion more dollars from public debt into SS, & kick the can of total US debt implosion down the road.
@@TheSterlingArcher16 House Bill H1 wants to lower medicare age and -- add full dental, vision, hearing. Imagine what dental alone would cost.
@@TheSterlingArcher16 Adjustment of the variables involved with SS is possible and easy, but too many folks like to play politics with the issue.
the cynic in me says COVID has relieved pressure off the Social Security
And how is this not a ponzi scheme?
@@DrBeauHightower damn 35 seconds ago
@@DrBeauHightower are you re watching the video cause you already have a comment 9 hours ago
The person put in the first dollar doesn't get more as more people enter the system.
@@calvin2042 except people who never put in a dollar are taking from people paying in now and it is only supported by more people at the bottom putting money in.
@@TheMrdrew86 Yea, but that not a ponzi scheme. Ponzi is when you get an increasing amount of payments as you recruit more people. With SS you're payment is cap regardless if the population double tomorrow.
How does social security work: Pyramid scheme
Fixed your video with 2 words...
Ponzi Scheme, not pyramid scheme. The difference is, in a Ponzi scheme, all the money goes through one individual or group at the top, rather than every individual participant needing to sell the same scheme to recruit new participants. It's still the same unsustainable business model for the same reason. I.e. that it needs an ever-growing pool of new investors to pay its beneficiaries.
@@carultch Fair point and clarification.
I clicked on this video to say just that. Sadly most of these people in the comments are blind to the truth of the matter. They will understand once its too late.
@@carultch So how is SS different than a private annuity plan? In the private sector, premiums will be routinely raised to adjust for changing demographics. SS literally requires an act of Congress and all the political political mess involved. The increased deduction needed is not all that great, but current workers will object.
But magically in the private sector that missing money shows up?
As a Canadian, interesting to know how US system works. But, I feel that there are many similarities.
No use blaming the politicians. If this video scares or angers you, take control and start investing yourself.
It would be nice to have my SS money in addition to my own money I invest...
With what with everything $$$ they take out and now with the never seen inflation number😨🤢😵💫 beside that money is ours they took it as a loan to repay it back at are retirement, now it sounds like we'll get nothing and be happy 😡😤🤬 after decades of paying into it🤬
Never lose track of the facts that Congress in the 70’s & 80’s moved SS funds from SS to general government operating funds so as to make the general budget look almost balanced. They did this many times over many years. So ANYTHING that is done to bolster SS is in bounds and fair game. If that $60B+ that had been “borrowed” was replenished - SS would have little problem of shortfall in paying benefits.
It was only a fancy accounting trick to minimize the Nation Debt. The Fund functions as it always did.
No one moved social security funds into the general budget.
I went to college in the first years of the 80's, they used your social security number as a student ID number then. We also received dozens and dozens of credit card applications.
The Philippines GSIS (government employee) have personal share of 9% with wmployer share of 12%; SSS (private and self-employed) on the other has 4.5% for personal and 8.5% for employer.
Cryptocurrency /forex trading is a big chance to make money nowadays, if you can't see that at this point is time you learn more about it
Accurately spoken about 💯 Bitcoin is the only true democracy ever exits in the world and it's really profitable
This could be the wisest word I've heard, you got my point
You're right... Thanks for introducing me to Mrs expert mrs melissa
We've got to see people remain poor due to ignorance
@@hermanrandle9419 Not because of ignorance ma'am
Why can't social security use 4% rules and have the fund last forever? This is just stupid
Can you imagine if SS yolod everything into TSLA calls.
It might not go insolvent then
They'll be safe for another 200 years hahahaah
Too much money in social security for that to happen. Tesla is not big enough.
They would become insolvent immediately because the fees for those calls would be in the hundreds of billions.
American seniors are so greedy. Why all the talk about undeserved Federal welfare benefits? This discussion should not be occurring in a public forum. It is embarrassing!
Thank you for explaining this information. I needed to understand deeper about our state taxes. I hope that many people can see this video.
thank you as well.
Well, the way I calculate, after the catastrophic deaths during COVID, social security is now saving 600 million dollars a month. That should boost the pool, sadly.
Could it be that people are forced to get covid vaccinations so that they die early and thereby save the governments the headache of paying for the elderly? The covid is an experiment.
@@susanarsoniadou3588 rumble has a good video called why does trump keep promoting the vaccine kind of explains it
Social security was never meant to be a full retirement plan. It's a retirement supplement
If you are not dead first!
Exactly. A bunch of whiney people that want to retire on the government.
@@staceystrukel1917 exactly
It's not entirely true what we were told about Social Security going poof by 2035.
Social Security will always be here, but we will get only something like 80% of it, not the full amount like previous generations.
80% would be better than nothing, but where is the GUARANTEE will ever see a dime, yet they want to keep raising our payroll tax on top of the house of cards thier dealing with ALREADY 😨🙄🧐😵💫
Meanwhile, in Canada (and likely many other countries), we increased our public pension (CPP) a few years ago to cover a larger amount of earnings to offset the massive decline in employee pensions.
This is mainly because Canada 🇨🇦 is a net exporter of oil, a lot of your countries revenue is coming at the cost of the climate.
@@WalkerOne yeah oil actually doesn't count for much of our GDP, though it is a lot of our exports. For reference, the US produces about 4x the amount as Canada (per capita is much lower of course). From what I can see O&G is about 7.5% of GDP for both Canada and the US.
But that's actually worse since we're outputting so much CO2 for not that much money. While the majority of people see this as a problem, the oil producing provinces vote a large majority for parties that support oil (I.e. the Conservatives)
LOL she said “payouts today may be paid by payroll taxes today”. Admitting a ponzi scheme.
And? There are legal and illegal ponzi schemes. While it has that connotation, something being a ponzi doesnt mean its nefarious.
No
You don't know what a ponzi scheme is. SS is a transfer payment.
I'm not holding my breath for social security which is why I invest heavily as a young person to have my own millions to draw upon. I believe they should increase the income cap on social security as it doesn't make sense to me that income above $137.7k should skirt the payroll tax.
Why should people's premiums scale beyond the amount that would yield the program's maximum benefit? Answer? They shouldn't.
I can help on SS-SSI etc. no landlord can go up on rent for seniors, groceries for seniors must always be a 25% discount no matter what year it will be. No bank or landlord can evict a senior out of their apartment or home.
2:22 are we just going to ignore the covid test for no one in the empty car?
Hello
Just use SS as a retirement benefit. Too many hands in that cookie jar.
Fund was doing OK until the demographic changes. Any program can be saved by shedding important traditional benefits,
Best explanation I've seen.
Great video! I learned a lot
It's nice to see MacKenzie hosting more videos.
investing in crypto now is really cool especially with the current rise in the market for now
You are right
but don't know why people still remains poor out of ignorance.
@@pettyvivian6726 is not about ignorance but unprofessional broker in the market.
I will introduce you to my broker Mrs Olivia Albert, she is from UK and her method working for me the moment.
I thought people don't know her, she helped me recover what I lost trying to trade for myself.
On the social security scare for 2024 ,why not stop giving trillions to the rest of the world and take care of the people in the UNITED STATES???
The rest of the world needs our help. Greedy seniors in the US should not be collecting Federal welfare checks.
A shorter version of how it works?
Get paid one day be broke the rest of the month until you get paid again
The cycle never stops unless you're incarcerated or
DEAD