Social Security Shakeup: What Changes Could Be Coming Down The Line?

07/11/2024 21 min
Social Security Shakeup: What Changes Could Be Coming Down The Line?

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Episode Synopsis

Social Security is the backbone of retirement for millions of Americans, but big changes could be coming pretty soon. In fact, one Congressman asked the Congressional Budget Office to put together a report detailing the impact of changing the full retirement age from 67 to 69. This change, if implemented, would have huge implications for anyone planning their retirement. Ryan will break down some of the key takeaways and discuss the implications if the government moves forward with this idea. Read the full report here: https://www.cbo.gov/publication/60516 Here’s what we discuss in this episode:0:00 – Intro 1:19 – Full retirement age3:04 – Key takeaways from the report9:13 – How should you view Social Security changes at different ages?13:28 – Final thoughts on Social Security14:17 – MailbagGet more educational videos on YouTube: https://bit.ly/4b80CuY CONNECT:If you have any questions, you can contact us online here: https://cravitzfinancial.com/ Email: [email protected]: 714-462-9155Investment Advisory Services offered through Brookstone Capital Management, LLC (BCM) a Registered Investment Advisor. Cravitz Financial & Insurance Solutions are independent of each other. Information provided is not intended as tax or legal advice and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional. Ryan Cravitz and Cravitz Financial & Insurance Solutions are not affiliated with or endorsed by the Social Security administration or any other government agency.