11/3/23: Why Medicare and Social Security Funding Puts Young Workers At Risk
Today, Ric is joined by Marc Goldwein to address the impending Social Security funding crisis and the need for policy reform to protect future retirees. Plus, Ric sheds light on the financial strain Alzheimer's disease places on individuals and the healthcare system, underscoring the need for early retirement planning.
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman · Ric Edelman
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Show Notes
WATCH THE VIDEO OF THIS PODCAST HERE: https://www.thetayf.com/pages/multimedia?wchannelid=c4ogwxwvtw&wmediaid=q3pnzuwrev
On today's podcast, Ric explores the critical state of Social Security funding with Marc Goldwein, Senior Policy Director at the Committee for a Responsible Federal Budget, highlighting a potential shortfall by 2033. They discuss necessary policy reforms to safeguard young workers' financial futures amidst these challenges. Separately, Ric addresses the escalating costs of Alzheimer's disease, emphasizing its profound impact on families and healthcare economics. The episode offers actionable insights into fiscal strategies and the importance of early financial planning.
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Links from today's show:
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Invesco S&P 500 Equal Weight ETF: https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-RSP
Invesco S&P 500 Pure Value ETF: https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&productId=ETF-RPV
Tax-loss harvesting: Your investment losses could lower your tax bill: https://www.invesco.com/us/en/insights/tax-loss-harvesting-could-lower-your-tax-bill.html
How to avoid the downside of capital gains: https://www.invesco.com/us/en/insights/how-to-avoid-downside-of-capital-gains.html
Edelman Financial: https://www.edelmanfinancialengines.com/
Medicare Hospital Insurance Trust Fund: https://www.taxpolicycenter.org/briefing-book/what-medicare-trust-fund-and-how-it-financed
Committee for a Responsible Federal Budget: https://www.crfb.org/
Committee for a Responsible Federal Budget - Issue Areas list: https://www.crfb.org/issue-areas
Highway Trust Fund: https://www.taxpolicycenter.org/briefing-book/what-highway-trust-fund-and-how-it-financed
Infrastructure Investment and Jobs Act: https://en.wikipedia.org/wiki/Infrastructure_Investment_and_Jobs_Act
Inflation Reduction Act: https://en.wikipedia.org/wiki/Inflation_Reduction_Act
Self-Care with Jean Edelman: http://www.selfcarewithjean.com/
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