9/26/24: 23% Cut in Social Security Benefits Starts in 2034

THE TRUTH ABOUT YOUR FUTURE with Ric Edelman

The Congressional Budget Office now projects that the Social Security Trust Fund will be depleted by 2034, highlighting a critical and ongoing financial challenge. With benefits potentially cut by 23% for retirees, the need for Congress to address the sustainability of Social Security is urgent, particularly as many Americans rely on these benefits for their livelihoods. Plus, a listener's dilemma highlights the need to adapt investment strategies when transitioning from equities to cryptocurrencies, as the extreme volatility of crypto demands a different approach than traditional stock market rules.

Hashtags:

#SocialSecurity #TrustFund #CBO #RetirementPlanning #EconomicCrisis #BenefitCuts #PayrollTaxes #Congress #Retirees #FinancialFuture #AgingPopulation #SocialSecurityBenefits #PersonalFinance #PolicyChange #DependenceOnSocialSecurity #2034Crisis #Ethereum #CryptoInvesting #StockMarket #InvestmentStrategy #Volatility #Rebalancing #LongTermInvesting #CryptoETF #PatienceInInvesting #PortfolioManagement #SellLow #InvestmentAdvice #WealthBuilding #MarketTrends

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Links from today’s show:

Social Security Trust Fund: https://www.ssa.gov/policy/trust-funds-summary.html

Congressional Budget Office: https://www.cbo.gov/publication/60691

Social Security Administration: http://www.ssa.gov/

Our Spot Ethereum ETFs Toolkit at DACFP.com https://dacfp.com/ethtoolkit/

10/23 Webinar - How to Factor Longevity into Your Financial Planning: https://www.thetayf.com/pages/october-2024-webinar-how-to-factor-longevity-into-your-financial-planning

9/25 Webinar Replay - Unlocking Alpha in Crypto-Equities and Beyond: https://dacfp.com/events/unlocking-alpha-in-crypto-equities-and-beyond

9/20 Webinar Replay - Q4 Crypto Outlook: What You Need to Know Now: https://dacfp.com/events/q4-crypto-outlook-what-you-need-to-know-now

9/11 Webinar Replay – Rates are Poised to Drop, Now What?: https://www.thetayf.com/pages/rates-poised-to-drop-now-what

Become Certified in Blockchain and Digital Assets: https://dacfp.com/certification/

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