May 8, 2024

May 08 2024 - How Congress is destroying your Social Security

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Episode Transcript

Congress destroying our Social Security I’ve been a financial planner now for 52 years, and never before have clients so earnestly asked, “Will Social Security be there for me?” For many younger people, “No, it won’t be.” The Social Security system was simply meant as a supplement to what people had saved. You know - their 4O1K, IRA, and so on. And people aren’t saving much anymore. And with the inflation that Mr Biden has given us, everything is so much more expensive. And the Social Security Trust Fund has been raided by Congress for the last 50 years. Every time they want to borrow money, they borrow it from the Social Security Trust Fund. Other than government IOU’s, it’s empty. And more and more people are coming  our border. So it’s not just the baby boomers, but all the illegal aliens that are coming across our border. They’re getting benefits from the Social Security system, from the medical system, and you-name-it. So who is this going to cost? Our retirees! Sponsored by the Caylor Group Wealth Management in Lynchburg VA. Call 434-455-7197.

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