Social Security Increase Losing To Inflation (2024) - What Retirees Should Do
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- เผยแพร่เมื่อ 24 ก.ค. 2024
- Have you ever felt that, despite annual increases in your Social Security benefits, they don't seem to stretch as far as they used to? The gut feeling is not unfounded.
This video explores the nuances of Social Security benefits, their purchasing power, and the looming challenges that retirees may face, including the potential depletion of the Social Security Trust fund by 2033
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✍ SHOW NOTES & RESOURCES ✍
- Show Notes: onedegreeadvisors.com/2023/12...
- Senior Study: seniorsleague.org/assets/LOBP...
- Yahoo Finance Social Security article: finance.yahoo.com/news/social...
- Bankrate Average Social Security: www.bankrate.com/retirement/a...
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This does not constitute an investment recommendation. Investing involves risk. Past performance is no guarantee of future results. Consult your financial advisor for what is appropriate for you.
Disclosures: onedegreeadvisors.com/solutio...
0:00 - Intro
00:46 - How Social Security is calculated
2:25 - Are you getting a decrease in 2024?
3:45 - Average Social Security benefit
6:40 - Will Social Security run out of money?
8:20 - Portfolio to outpace inflation
9:34 - Medicare cost inflation
