How the Upcoming Presidential Race May Impact Your Social Security
A recent article from CNBC predicted that come 2034, the Social Security fund may be drained and will no longer be feasible for retirees. Due to not enough money coming in with taxes, there could be a 20%-25% cutback in benefits in 10 years unless something major happens. This timing makes Social Security one of the major issues of this upcoming presidential election.
In the newest episode of Wise Money, Michael Andersen discusses the various ways Social Security can be impacted depending on how the presidential election goes and who comes out on top as our new president. With Social Security being such a strong pillar of most people’s retirement plans, a lot is riding on the outcome of this election. Tune in now to learn more!