Episode Details
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BFC Weekly Recap: Social Security 2032 Could Turn a $2,000 Check Into $1,560
Description
In today's episode, Ralph Estep Jr. and Juliet look back at the week's biggest money moments, from Ralph canceling his iPhone pre-order to what happens when Social Security's retirement fund runs short in 2032.
In This Episode
✓ Ralph picks needs over wants and skips his iPhone upgrade
✓ What $200 a month can grow to by age 67
✓ Social Security's 2032 shortfall and a $2,000 check that could become $1,560
✓ Fake Medicare ads and the one address to type yourself
✓ A $350 wedding Venmo bill and the real cost of being a guest
✓ Why a credit card limit is not an emergency fund
If you've ever talked yourself into a purchase you didn't need, this recap gives you a reason to pause.
Resources
Watch live:
https://www.becomingfinanciallyconfident.com/live
Giveaway:
https://www.becomingfinanciallyconfident.com/giveaway
Book a call with Ralph:
https://www.ralphestepjr.com/schedule
Social Security Trustees Report summary:
https://www.ssa.gov/oact/trsum/
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Companies Mentioned
Apple
Venmo
The Knot
Chevrolet