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Will Social Security Soon Be a Thing of the Past?
In this episode of Money and Taxes from Bb to XYZ, Jason Speciner, CFP®, EA, and Regina Neenan, CFP®, ABFP®, examine the latest concerns surrounding the future of Social Security and what potential benefit changes could mean for retirement planning. They discuss the projected depletion of the Social Security trust fund and three potential solutions outlined by the Social Security trustees: increasing payroll taxes, reducing benefits for everyone, or reducing benefits for future claimants. The conversation also explores why fear alone should not drive an early claiming decision and how…
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