Are you worried about the solvency of Social Security and the effect it will have on your lifestyle during your retirement years because of what is happening in the world we live in today?
Have you ever thought to yourself “What if my Social Security benefits are reduced during my retirement years?” or "What if the Social Security Trust Fund becomes insolvent"?
Unfortunately, the Covid-19 Crisis may have created a future where your worst fears may come true.
Here is a link to a recently published commentary which discusses the impact Covid-19 may have on Social Security: https://bipartisanpolicy.org/blog/covid-19-may-deplete-social-security-trust-funds-this-decade/
This crisis has proven that the future is completely unpredictable. If your current retirement strategy is relying on one or two guaranteed income streams from Social Security, it is now time to revisit your plan. It is critical to develop a new strategy that includes contingencies that can recover a reduction or total loss of those income streams.
Enough of the bad news. The good news is that you can still multiply your wealth and mitigate the risk of any loss of your Social Security benefits under all circumstances.
How? By understanding that wealth should be managed not by math but by using economic science.
I teach my clients how to use financial science to create multiple streams of income throughout their retirement years. So, feel free to book a no cost/no obligation Zoom meeting with me so I can show you how I am helping pre-retirees incorporate science into their Social Security claiming strategy.
Here is the link to book your Zoom meeting with me: https://DennisPalmerini.as.me/?appointmentType=14219077