Planning for Social Security Benefit Changes

The federal government recently announced an increase to Social Security benefits for 2021 but it also came with an increase in Medicare premiums. On this episode, we’ll tell you what you need to know about these adjustments along with thoughts on additional changes that could come be coming down the road.

Read more and get additional financial resources here: https://doncashpodcast.com/podcast/planning-for-social-security-benefit-changes/ 

What we discuss on this show: 

3:22 - Mixed signals from the market with the latest news.

4:37 - Canceled debates

6:55 - Cost of living & premium increase in Social Security benefits

9:08 - Is Social Security going broke?

11:04 - Stats on claiming benefits

12:11 - Ways they could make the program solvent

14:28 - Reducing the inflation benefit

16:47 - How does this impact someone in retirement now?

20:38 - Getting to Know Don: What’s a habit that drives you crazy that some people might have?

Electionomics

What are some of the economics surrounding an election year? How will our president impact our economy? Let’s talk about the 800 pound gorilla in the room as we head into the final quarter of 2020.

Read more and get additional financial resources here: https://doncashpodcast.com/podcast/lets-talk-electionomics/ 

What we discuss on this show: 

1:39 - What does it take to go boating these days?

4:31 - What should investors and retirees be doing leading up to the election?

6:12 - What do the polls indicate?

11:17 - How do the markets react?

16:04 - Why do we see the economy working independently of the presidents?