The Social Security trust fund is in a tough spot, and future beneficiaries could face reduced payments after 2033 if nothing changes. In this week’s episode of Decoding Retirement, Michael Conrath, chief retirement strategist at JPMorgan Asset Management, joins Robert Powell to discuss the worsening Social Security situation and provide insight for future retirees relying on the trust fund.
Conrath explains what retirement planners should consider as they decide when to begin withdrawing their Social Security payouts. He also discusses the importance of planning for the worst-case scenario and how to avoid savings pitfalls
Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead and take action now. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
