How To Fix Social Security || Social Security Explained || Retirement Income Strategies   

In this podcast I want to continue talking about Social Security and especially how to fix social security (This is not a political agenda video. Strictly Retirement Planning). We are talking about social security because it is a major aspect of your retirement income strategies and your retirement planning. Social security, medicare, & medicaid will make up 2.5 trillion dollars of the 2022 US budget. This is a HUGE piece of retirement Money, 

BUT social security is in serious trouble. The government admitted that by 2033, the social security trust fund will be empty. In 2034, social security is estimated that it can only pay out 78% of your social security benefit. That is why we need to fix social security and protect your retirement income!  How do we fix social security? Well in a perfect world the government would budget, cut spending, and appropriate funds to social security, but we don’t live in a perfect world. 

So, we have to fix social security with the rules that are in place for social security:  

1. Raise the Full Retirement Age for Social Security beneficiaries 

2. Raise Payroll Taxes (Least favorite option) 

3. Raise the Cap On Taxable Wages   

Keep in mind this is only social security. Medicare will be empty in 2026. Who pays for all this? Again, not a political statement, just asking for my retired and soon to retire clients.

**Free Retirement Download: The Roadmap to Retirement:https://yourfinancialekg.com/#download**

**To schedule your free virtual retirement and investment consultation with Drew, go to https://yourfinancialekg.com/, or call 813-807-5060.**

And PLEASE SUBSCRIBE, LIKE, & COMMENT!

Pearl Wealth Group

Drew Blackston, CRC® & RFC®

Office: 813-807-5060

Info@pearlwealthgroup.com

PearlWealthgroup.com

Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!

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Drew Blackston CRC® RFC®

Drew is a registered Investment Adviser Representative and has earned the certifications of Certified Retirement Counselor®, Registered Financial Consultant®, licensed insurance agent and notary public for the state of Florida.

Originally from Kentucky, Drew moved to Florida for college and has worked in the financial services industry since graduating from the University of South Florida in 2009 with a bachelor's degree in business administration. He began his career focusing on market research, analysis and financial strategies and gained valuable experience in asset preservation and retirement planning.

Drew, along with his wife, Valerie, founded Pearl Wealth Group with a desire to help individuals and families with their retirement and financial dreams. Drew hosts the “Your Financial EKG” weekly podcast and YouTube channel and has created and trademarked his proprietary retirement process called the “Retirement EKG.” Drew has been published in Kiplinger Investment Magazine, featured in Forbes and been a financial guest on Spectrum News.

Drew resides in Tampa with his wife, two daughters, one son and two lovable dogs. Away from the office, he enjoys spending time with his family and taking them to the many beaches in the Tampa Bay area. Drew is also a huge fan of baseball and the Kentucky Wildcats.