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Listen "Ep 82: Social Security Update - Solvency, COLA, & Planning Strategies"
Episode Synopsis
The 2021 Social Security Trustee's Report was recently released and the 2022 COLA is near finalized. What can we expect for the COLA and glean from the report?
Tune in to hear the important points and key planning implications for your Social Security benefits.
Spoiler alert: Social Security solvency is not as bad as you may be led to be believed by the media and planning strategies remain important and are more key in today's low-interest rate world.
: https://www.truewealthdesign.com/ep-82-social-security-update-solvency-cola-planning-strategies/
The rundown for this episode:
2:41 - Background on this topic
3:40 - Trustees report
8:07 - Solvency fixes
12:49 - Cost of Living Adjustment
17:30 - Problems that create opportunities
21:35 - Survivor benefits
22:26 - SS using outdated interest rate assumptions
26:48 - Planning implications
Tune in to hear the important points and key planning implications for your Social Security benefits.
Spoiler alert: Social Security solvency is not as bad as you may be led to be believed by the media and planning strategies remain important and are more key in today's low-interest rate world.
: https://www.truewealthdesign.com/ep-82-social-security-update-solvency-cola-planning-strategies/
The rundown for this episode:
2:41 - Background on this topic
3:40 - Trustees report
8:07 - Solvency fixes
12:49 - Cost of Living Adjustment
17:30 - Problems that create opportunities
21:35 - Survivor benefits
22:26 - SS using outdated interest rate assumptions
26:48 - Planning implications
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