Money Not Math Episode 181

A YouTube commenter asked me what happens when the Social Security Trust Fund runs out and requested I revisit a prior retirement income example to show what retirement could look like if Social Security benefits were reduced by 25%.

So in Money Not Math Episode 181, I do exactly that.

Using the same hypothetical couple from Money Not Math Episode 162, with $500,000 in an IRA plus Social Security, I walk through a retirement stress test and show how a reduction in benefits can impact retirement income and overall retirement success.

In this episode, I touch on how:

• Asset allocation decisions

• Social Security benefit and timing considerations

• Retirement tax planning

• Retirement income spending strategies

can all impact retirement income and overall retirement success.

I do not try to predict the future of Social Security. Instead, this episode is about education and planning, illustrating how different planning variables work together when assumptions change.

⚠️ This is a hypothetical example only, not legal, tax, or investment advice, and it does not include long term care planning.

If you would like to ask a question, publicly or privately, or want to explore planning options for your own situation, feel free to message me or call 218 686 3170.

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Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your personal situation.

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