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America’s Shrinking Safety Net for Retirees
Episode 135
This episode examines the mounting challenges threatening the three foundational pillars of U.S. retirement: Social Security, employer-sponsored plans like 401(k)s, and personal savings. It forecasts that Social Security funds may face depletion by 2033, requiring legislative action to prevent significant benefit cuts due to demographic shifts and a declining worker-to-beneficiary ratio. Furthermore, it addresses risks in 401(k) plans, including volatility from alternative investments and the erosive effect of fees, while noting that broader fiscal pressures from federal debt introduce uncertainty regarding future tax policies and funding for retirement programs. The overall message emphasizes the critical need for informed personal planning and financial literacy in light of these systemic risks.
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Read the article that this episode is based on at https://goldiracompaniescompared.com/news-items/retirement-bulletins/americas-retirement-system-faces-growing-cracks
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Published on 2 weeks, 1 day ago