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The Solvency Crisis of Social Security
Manage episode 437873850 series 3561340
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Raj Shah and Rick Borek discuss how Social Security is facing a solvency crisis within the next 10 years, and one option to fix it is to raise the full retirement age. This would add funding to Social Security but also result in fewer years of payments for retirees. They explain that planning for a potential decrease in Social Security benefits is important, and putting away a lump sum of money can guarantee additional income in retirement.
For more information or to schedule a consultation with SC Wealth Advisors visit: scwealthadvisors.com
Raj Shah and Rick Borek focus on wealth management, retirement planning, personal finance, taxes, estate planning and so much more. Combined, Raj and Rick have over 55 years of financial planning experience and are eager to help you retire in the most efficient manner.
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