11/15/24: What the Depletion of the Social Security Trust Fund Means for You

As the Social Security Trust Fund nears depletion, Americans face potential 20% cuts to benefits starting in 2034, which could significantly affect their retirement security. Financial advisors must help clients understand the importance of personal savings and investments to secure a stable retirement income. And, Michael Saylor, founder and chairman of MicroStrategy, has transformed the company into a major bitcoin investor by reallocating corporate reserves into bitcoin, issuing bonds, and selling stock to fund further bitcoin purchases. And, Rowan University’s Ric Edelman College of Communication and Creative Arts now offers a Bachelor of Arts in Esports with tracks in communication, business, and computing, featuring a state-of-the-art facility. #SocialSecurity #RetirementPlanning #TrustFundDepletion #RetirementSecurity #PersonalFinance #SocialSecurityCuts #FinancialPlanning #InvestmentStrategy #LongevityRisk #RetirementIncome #Bitcoin #MicroStrategy #MichaelSaylor #CorporateReserves #BusinessStrategy #BitcoinInvestment #ConvertibleBonds #CorporateTreasury #CryptoMaximalism #EsportsDegree #RowanUniversity #GamingEducation #CareerInGaming #FutureOfLearning #EsportsInnovation #HigherEducation #GlobalGaming #DigitalCareers ----- Join our mailing list: https://www.thetayf.com/pages/podcast Subscribe to podcast updates: https://form.jotform.com/223614751580152  Ask Ric: https://www.thetayf.com/pages/ask-ric  -----   Links from today’s show:   Ric Edelman College of Communication and Creative Arts: https://ccca.rowan.edu/ ProtectedIncome.org Study on Retirement and Protected Income:  https://www.protectedincome.org/news/information-gap-advisors-consumers-prip-chapter-3-2024/ Protected Income website: https://www.protectedincome.org/ 11/13 Webinar Replay - An Innovative Way to Generate Income in a World of Declining Rates: https://www.thetayf.com/pages/november-13-2024-an-innovative-way-to-generate-income 10/9 Webinar Replay- Crypto for RIAs: Yield, Staking, Lending and Custody. What’s beyond the ETFs? https://dacfp.com/events/crypto-for-rias-yield-staking-lending-and-custody-whats-beyond-the-etfs/ Certified in Blockchain and Digital Assets including Crypto Taxation Course/Webinar: https://dacfp.com/certification/ -----   Follow Ric on social media:   Facebook: https://www.facebook.com/RicEdelman Instagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/ X: https://twitter.com/ricedelman YouTube: https://www.youtube.com/@RicEdelman -----   Brought to you by:   Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.html State Street Global Advisors: https://www.ssga.com/us/en/intermediary/etfs/capabilities/spdr-core-equity-etfs/spy-sp-500/cornerstones Schwab: https://www.schwab.com/ TAYF Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee