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How To Fix Social Security || Social Security Explained || Retirement Income Strategies In this video I want to continue talking about Social Security and especially how to fix social security (This is not a political agenda video. Strictly retirement planning). We are talking about social security because it is a major aspect of your retirement income strategies and your retirement planning. Social security, medicare, & medicaid will make up 2.5 trillion dollars of the 2022 US budget. This is a HUGE piece of retirement money, BUT social security is in serious trouble. The government admitted that by 2033, the social security trust fund will be empty. In 2034, social security is estimated that it can only pay out 78% of your social security benefit. That is why we need to fix social security and protect your retirement income!How do we fix social security? Well in a perfect world the government would budget, cut spending, and appropriate funds to social security, but we don’t live in a perfect world. So, we have to fix social security with the rules that are in place for social security:1. Raise the Full Retirement Age for Social Security beneficiaries2. Raise Payroll Taxes (Least favorite option)3. Raise the Cap On Taxable Wages Keep in mind this is only social security. Medicare will be empty in 2026. Who pays for all this? Again, not a political statement, just asking for my retired and soon to retire clients. **Free Retirement Download: The Roadmap to Retirement:**https://yourfinancialekg.com/#download**To schedule your free virtual retirement and investment consultation with Drew, please select a day & time that works best for you: https://calendly.com/pearlwealthgroup/15-minute-phone-call ****Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. Please call me at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.**And PLEASE SUBSCRIBE, LIKE, & COMMENT!Other videos you might like:Big Social Security Increase in 2021: https://www.youtube.com/watch?v=0WoEI80SruM&t=12sMax 401k Contribution 2021: https://www.youtube.com/watch?v=288ivBvYgM0Retirement Planning & Retirement Income: https://www.youtube.com/watch?v=jUQytd4qAjgRetirement Savings & Retirement Investing: https://www.youtube.com/watch?v=CbwZSYKRpXs QUESTION — What retirement topics would you like us to cover on this channel? Pearl Wealth GroupDrew Blackston, CRC® & RFC®Office: 813-807-5060Info@pearlwealthgroup.comPearlWealthgroup.comGetting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!Gear Used In Video (Links are affiliate):Camera: https://amzn.to/3spQitzLighting: https://amzn.to/3iV1YROMicrophone: https://amzn.to/3xWtdQpGlass White Board: https://amzn.to/3iTMhdPKeyword Research: https://www.tubebuddy.com/YourFinancialEKG#retirementplanning #retirement #yourfinancialekg
Social Security & Retirement: Social Security Wont Be Able to Pay Full Benefits by 2034. SSI SSDI Across the country communities in the United States are now able to get access to resources to help them pay for things like food, rent, healthcare costs and much more. This is done through programs like: Food Stamps, Supplemental Nutrition Assistance Program, SNAP, Calfresh, Pandemic P-EBT , PEBT, Summer P-Ebt benefits, Social Security Disability, SSDI, Social Security Retirement, Supplemental Security Income, SSI, as well as things like California State stimulus checks, Golden State Stimulus check, Federal Stimulus, checks, Pandemic assistance, Unemployment Benefits EDD, Healthcare.gov, Medicare, Medicare Advantage, Medicare Supplement, Obamacare, Covered California, Bidencare, 1095a , FTB 3895, health insurance, health insurance exchange.But without a doubt, no matter how much money and help is available to Americans, Seniors and Retirees, these resources do not do any good for people, if they don’t know about them. That is why we are here to discuss the various government programs that are meant for those in our communities who need an extra bit of help to get back on their feet. Hopefully our video helps you better understand the help that is available for you, for the community , and for our friends , neighbors and family members. Please enjoy this video and don’t forget to like and subscribe if you find this video interesting, helpful or useful. Thank You!#Retirement #SocialSecurity #MichaelsMatters
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$200 Monthly Update – Social Security, SSI, VA – Infrastructure Package?#ssi #ssdi #socialsecuritySocial Security retirement, Social Security disability, supplemental security income, and veteran affairs beneficiaries going forward into 2021. It has been proposed that Social Security beneficiaries get a $200 per month raise going forward into 2021, this includes SSA, SSDI, SSI, and VA beneficiaries. ssi, ssdi, social security, ssa, SSI benefit, SSDI benefit, Social Security benefit, Ssa benefit, Va benefit, Social security retirement, Social Security disability, Ss benefit, Social security increase, Social security raise, SSI raise, SSI increase, 200 social security raise, Social security 2021, SSI 2021, $200 SSI raise, $200 social security increase, $200 social security raise 2021, $200 raise, $200 increase,$200 SSI increase, stimulus, Checks, stimulus check, investing, stock market, stocks for beginners, money, third stimulus check, third stimulus check update, unemployment update, stimulus checks, fourth stimulus check, stimulus check update jimmy, robinhood, update on third stimulus check, fourth stimulus checks, fourth stimulus, stimulus check update today, student loan forgiveness, ssi ssdi increase, Child credit, child stimulus, child tax credit, student loan cancellations
The next year may represent a historic event in terms of Social Security for more than half of the nation, or roughly 169 million Americans, according to Census Bureau projections.
Social security retirement benefits should be straightforward but, like most government programs, they’re really not. Here are 7 things everyone needs to know about Social Security. On this channel, we’ve talked a lot about SSI and SSDI. Last week, Phyllis pointed out that we haven’t really talked about Social Security retirement benefits… and this week, we’re going to try to fix that. Thanks to a survey by Nationwide Retirement Institute, we’re able to see the most common mistakes and misconceptions that seniors have about Social Security Retirement Benefits… and we’re here to correct the record. Be sure to watch to the end or you could lose serious cash! —LINKS—Sign up for email updates: https://lowincome.info/emailSave Money & Get Free Stuff: https://lowincomerelief.com—RELATED CONTENT—7 Easy-to-Use Programs that Help Seniors in 2021 https://youtu.be/zKLfksP3SzA7 More FREE Programs that Help Seniors (Part 2)https://youtu.be/8ttv_xohAbITop 10 Senior Discounts in 2021 (+ a Surprise!) https://www.youtube.com/watch?v=s6RNIMYwp8I—CHAPTERS—00:00 Intro00:34 Secret #101:51 Secret #204:06 Secret #304:20 Secret #407:00 Secret #507:55 Secret #608:50 Secret #7—ABOUT US—Low Income Relief is a free information service that connects low income people across America with benefits, programs and resources in their local communities. Basically, we help millions of people save money and get free stuff every year!
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We hear from brokers and financial planners that the stock market average has been good for investors. However, average doesn’t mean anything. See why you must understand the difference between average and actual. Call us to learn about a better alternative, 435-429-1600, http://www.FocusWealthGroup.com