Imagine realizing that your Social Security benefits could be reduced by 23% in the near future - what would you do? In today's episode, I tackle the alarming issue of the Social Security Trust Fund's impending insolvency and discuss various predictions on when it will go broke. Find out the implications for both retirees and workers, and learn how millions of Americans might be affected by reductions in benefits or double-digit tax increases.
I'll also share some ideas on how retirees can reduce their spending and find alternative income sources. I'll highlight some mutual funds and ETFs offered by Invesco and Global X that could help you achieve your financial goals. Also, check out my wife's podcast, Self-Care with Jean Edelman, for insights on mindfulness and overall wellness.
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman