Ep 13: Big Changes on the Table for Social Security

Your Financial Compass with Bulman Wealth Group

Send us a Text Message.

The future of Social Security is a concern on the minds of all Americans. People are constantly wondering whether the money will run out before it comes time to claim their benefits. While the worries are justified, there’s a good chance the government will make changes to the program to keep it funded for generations to come. We want to take time on this podcast to make sure you understand what the changes mean and how they could impact you and younger generations.
Here’s some of what you will learn in this episode:

• The facts about Social Security and what’s most important to know. (2:00)
• When will the Social Security funds run out? (6:04)
• One of the biggest changes we could see is the age for full retirement. (9:59)
• Tax increases being discussed. (11:27)
• What planning changes should you be making with all these questions surrounding Social Security? (14:40)

Read the CNBC article: https://www.cnbc.com/2023/03/04/social-security-reform-may-mean-changes-to-retirement-age- payroll-tax.html
WAYS TO CONNECT:
Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg
Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.
If you have any questions about what we discussed or anything else in your financial plan, email us at [e-mail]. You can also reach the team by phone at [phone].