Listen "Social Security Will NOT Go Broke and Here's Why - Ep 48"
Episode Synopsis
To get the full RFL experience, watch the episode here at https://youtu.be/heLP86J-dOAWe unpack why Social Security isn’t disappearing, how Congress fixed it before, and which levers could shore it up again without cutting current checks. We also tackle the real pressure points for retirees: taxes on benefits and rising healthcare costs before and after 65.• 1983 reforms as a playbook for modern fixes• projected trust fund shortfall and practical levers to close it• raising full retirement age and payroll tax impacts• eliminating or lifting the wage cap as the largest fix• taxation of Social Security benefits and Roth conversion planning• Medicare Part B increases and coverage costs• marketplace premium shocks for pre‑65 retirees• budgeting $25k–$30k for pre‑Medicare healthcare• strategies to manage taxable income and IRMAA• mindset and planning tradeoffs for early retirementWe love hearing from you!! Record your retirement questions anytime at www.RetirementForLife.com Subscribe to our channel for our latest content visit: Our YouTube Channel Elevate Your Retirement with the AIM Secure Retirement Assessment... our most popular tool! Powerful customized insights for retiree's or those nearing retirement. Answer 8 simple questions and receive your personalized assessment including the top three action items most likely to supercharge your chances of Retirement Success. If you're interested in learning more about our trademarked AIM Retirement System, visit: AIMRetire.com Want to connect with Chris? Schedule a 15 Minute Retirement Readiness call to discuss whatever's on you mind about retirement Retire15.com or just shoot him an email at mailto:[email protected] Try out the industry's leading financial planning software on your own. We give RFL listeners unlimited free access to the Free Online Planning Tool Investment ad...
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