One of the biggest concerns most of us have is how Social Security and inflation may impact our retirement. In the recent Gallop Poll, 9 out of 10 people shared that they need Social Security Income (SSI) benefits for their retirement. Of those polled, 59% said it was a significant part of their retirement, and 29% said their SSI benefit was minor.
The solvency of Social Security has been a problem for years, and some of the new proposals could, unfortunately, make it worse. Today, I break down what the proposals could mean, including ones many people do not understand. If you need SSI Benefits in retirement, you will love today’s episode and recommendations on how to truly live the Golden Years.
Wealth Inside and Out® Podcast: “How Social Security and Inflation May Impact Your Retirement”
In this episode, you will learn:
>> (3:58) What are some of the top concerns of experts? 
>> (5:25) A closer look at the funding of Social Security
>> (7:15) The percentage of Americans who rely on Social Security for retirement
>> (9:02) How Social Security is funded
>> (11:52) How Trump’s tax policy could impact Social Security and Medicare
>> (14:20) The impact the national deficit may have on your finances
>> (17:27) Insight on inflation and your retirement plan
Conclusion – “How Social Security and Inflation May Impact Your Retirement”
The majority of us want and need Social Security in retirement. We also want to know what could impact our benefits and how inflation plays into our retirement plan.
A critical part of a successful retirement includes an effective plan. This episode will give you insight into what you need to know and pay attention to so you can better plan for your retirement. As a result, you can spend your Golden Years enjoying life doing what you love and not worrying about money.
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This information is for educational purposes only. It is not intended to replace the advice of any advisor or specialist, nor to provide investment, financial, tax, retirement, planning, or healthcare advice.
Always consult with a qualified professional before making any financial decisions or changes.
To your financially secure life,
Annette
