November 13, 2023 – One of the most frequently asked questions and topics that clients ask us is whether Social Security is running out of money and, if so, whether it makes sense to take it earlier or later? In today's Lifetime Planning segment of the Financial Sense Newshour, we look at the current projections on when benefits will likely be cut if no changes are made between now and then as well as the proposals that are currently in place for changes that could be made to help mitigate the current shortfall. Lastly, we also provide our own view on what is likely to happen and what adjustments we are currently advising clients in light of these potential changes.
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