Retirement Planning

The End of Social Security | How It Affects The FIRE Movement [Video]

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The End of Social Security | How It Affects The FIRE Movement

Do you think Social Security will be around by the time you reach your “normal” retirement age? According to the 2021 Social Security Trustees report, if Congress doesn’t fix funding issues for the social program, retirees will only receive 78% of their full benefit starting in 2034. There are several contributing factors to why social security is a money-losing program. In this video, I will go over what Congress might do in the coming years to either keep social security around or eliminate it.

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⏰ Table of Contents ⏰
0:00 Social Security Trustee Report
2:59 Contributing Factors
7:44 What Congress might do

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Disclaimer: I am not a financial advisor. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence, or seek the advice of a licensed advisor if necessary.

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