The Future of Social Security

In today's show, Ben and Seth tackle a beast that has been a rising concern for the average worker today: Social Security. Everyone is affected by it and needs to know more about how it can impact your financial decisions as you get older. Will it be here in the years to come? From the fears we have now to understanding the future, the guys breakdown Social Security here!Why doesn't inflation feel like the official 3%?Because inflation is the rate at which prices rise, while affordability is the level of prices you have to live with — and that level never resets. Retirees also buy a different basket than the CPI emphasizes: shelter costs, insurance, property taxes, healthcare, prescriptions, food, and fuel, several of which run far hotter than headline inflation. Oil compounds it, touching every leg of the delivery chain. A resilient retirement plan stress-tests income needs well above the Fed's target and fights back with pricing-power equities, reasonable bond yields, guaranteed lifetime income for core expenses, and tax mitigation that lets you keep more of every distribution.