Mar 10, 2023
Is the end of social security near? Evidence suggests that, while it is not likely to disappear soon, its long-term outlook is uncertain. Social security benefits have been decreasing over time and are inadequately funded. So what will the future hold for this important piece of retirement income? We'll address that along with two questions from the mailbag on travel expenses and dividing an estate.
Here are a few of the things we discuss in this episode:
0:17 – I put off a trip to Europe for many years and now I wonder if it’s a wise use of money. What if I end up needing nursing home care later?
2:47 – What’s the best way to keep your children from having disputes over your estate?
4:32 – Is it fake Jake? The looming depletion of Social Security and Medicare.
6:40 – How do politicians manage the future of Social Security?
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