171. Recap: Will Your Social Security Last? A Benefit Outlook

Learn more about how you can prepare for retirement by downloading the complimentary Retire Your Way Toolkit - https://bit.ly/4cLg96d Register for our next Journey to Retirement Online Workshop to learn more about building a comprehensive retirement plan. - https://bit.ly/4aeNR1B Will Social Security go broke? Retiring Today With Loren Merkle Host Molly Nelson recaps predictions of Social Security, including options lawmakers have for changing the rules. Understand this vital source of retirement income with these key takeaways.- The possibility of altering the Social Security benefits formula.- Grasp the expected percentage of benefits people might receive post-2034.- Consider the public's reaction to a possible reduction in Social Security benefits.- Learn what full retirement age means and how it affects your Social Security benefits.- Explore the factors beyond age that impact the decision to elect Social Security benefits. Molly Nelson, Host of Retiring Today https://merkleretirementplanning.com/staff-members/molly-nelson/ Chapter 00:00 Yearly COLA adjustments, uncertainty and future concerns. 03:47 Stay informed about Social Security to maximize benefits. -- This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.