Is Social Security Running Out?

"Is Social Security Running Out?" People already have worry & anxiety over retirement. Being alarmist with information cloaked in awareness needlessly elevates the strife.Knowing how the SS system works and what to expect, near-term retirees can DIY or partner with a financial planner or financial coach to adjust their retirement funding plan.Conversation Insights:Brief SS System history and why the history is essential in how we view the SS benefit funds our retirement.Understand how tax collection funds the SS System describing its shortcomings and survival.Why the narrative of "running out" exists. How did we get a surplus, and why is the surplus, but not the system, running out?What happens to our benefits when the surplus funds run out, and the system tax collections fund our benefits? How can people supplement their retirement resources beyond social security and live their desired retirement lifestyle?Follow Us:Life Money Balance® - YouTubeConcurrent Financial Planning - WebsiteConcurrent Financial Planning - FacebookDr. Cherry - InstagramDr. Cherry - TwitterDr. Cherry - LinkedInDr. Cherry - TikTokSchedule a FREE, 20-minute Good Fit MeetingThank you for tuning in; we hope the information is educational and valuable. Please listen to the disclaimer at the end of the show. The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.Learn more at concurrentfp.com