Weekly financial and retirement guidance with Ben Schrock of BA Schrock Financial Group in Wadsworth, Ohio. Also serving the Cleveland and Akron areas. This podcast will help you learn important financial concepts that allow you to retire with confidence.
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Weekly financial and retirement guidance with Ben Schrock of BA Schrock Financial Group in Wadsworth, Ohio. Also serving the Cleveland and Akron areas. This podcast will help you learn important financial concepts that allow you to retire with confidence.
Updates From The Annual Social Security Trustees Report (Part 2)
Unlocking Your Financial Future
16 minutes
1 year ago
Updates From The Annual Social Security Trustees Report (Part 2)
In today’s episode, we’re continuing our conversation on the annual Social Security Trustees Report.
In this half of the conversation, we’ll cover some interesting statistics from the report, including the impact of declining birth rates and immigration on Social Security's future. We'll also explore how life expectancy trends and recent events like COVID-19 are influencing projections.
Here’s some of what we discuss in this episode:
What does it mean that Social Security could be insolvent by 2035?
How declining birth rates and changing death rates affect Social Security projections
How immigration contributes to and benefits the trust fund
The importance of personalized planning when it comes to Social Security decisions
For more, visit us online: https://baschrock-fg.com/
Unlocking Your Financial Future
Weekly financial and retirement guidance with Ben Schrock of BA Schrock Financial Group in Wadsworth, Ohio. Also serving the Cleveland and Akron areas. This podcast will help you learn important financial concepts that allow you to retire with confidence.