What’s The Social Security Risk Score you ask? We’ll be happy to share more about this exciting new tool that we are one of the first advisory firms in the country to have access to!
The Social Security Risk Score®
Get your personalized score now!
WORRIED ABOUT THE SOLVENCY OF
THE SOCIAL SECURITY PROGRAM?
We are too. The Social Security Trust Fund, which pays retirement benefits, is projected to run out by 2033. To make things worse, by 2032, Baby Boomers will make up only about 20% of the voting age population in the US, down from nearly 50% in 2016. Soon Millennials and Gen Z will have a BIG majority, just before the fund is projected to run out.
Young people’s voting priorities are different than retirees. Namely, forgiving student debt, addressing climate change, and providing universal preschool and healthcare, to name a few. So, where does paying full benefits to Boomers fit into this? When push comes to shove, will the young majority accept the full burden of fixing and paying for Social Security?
IF SOCIAL SECURITY CUTS HAPPEN,
THEY MAY BE UNIVERSAL
Even those who are already receiving Social Security benefits may experience cuts in 2023 if shortfalls happen as projected. The average household could lose $700 a month in retirement income if Social Security is reduced!
In fact, 7 out of 10 Americans doubt they’ll receive their Social Security benefits as promised during retirement. What we do know is that Social Security must change. Find out if your promised benefits are at risk! Schedule a meeting with us to get your free Social Security Risk Score Assessment.
SOCIAL SECURITY IS AN IMPORTANT
PART OF YOUR RETIREMENT PLAN
You can’t have a complete retirement plan without Social Security. In fact, $400,000 is the average amount a retiree will receive from Social Security during retirement. Now imagine that amount is slashed by 23%! Would that derail your retirement goals?
We believe all of our clients should, as part of their retirement plan, know their Social Security Risk Score. Don’t let your retirement plan be subject to political football. Let’s find out how at-risk you may be for cuts to your Social Security.
