Movies and Documentaries
NEW TAX LAW CHANGES
The Impact They Have on Your Retirement
Choose the best day works for you:
Movies and Documentaries
How Social Security Works
What You Need to Know
Since 2010, Social Security has paid out more than it collects in taxes, relying on interest from its trust fund to cover the shortfall. By 2021, it began drawing from the fund itself, which is projected to run out by 2035—or even sooner due to COVID-19—raising concerns for retirees.
How Social Security Works
What You Need to Know
Since 2010, Social Security has paid out more than it collects in taxes, relying on interest from its trust fund to cover the shortfall. By 2021, it began drawing from the fund itself, which is projected to run out by 2035—or even sooner due to COVID-19—raising concerns for retirees.
Watch this documentary to learn about:
Why Social Security is running a deficit.
How an aging population affects the system.
When the trust fund could run out.
Potential changes to benefits.
The role of taxes in funding Social Security.
How to prepare for future changes.
How Social Security Works
The documentary "How Social Security Works" provides an in-depth explanation of the Social Security system, including its funding mechanisms and challenges.
Documentary Key Points:
What It Is – Social Security supports retirees, disabled individuals, and survivors.
How It’s Funded – Payroll taxes from workers fund current beneficiaries.
Who Qualifies – Based on work credits and age.
Benefit Calculation – Determined by lifetime earnings and retirement age.
Future Concerns – Facing sustainability challenges due to demographics and funding gaps.
DISCLAIMER:
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information.
Life insurance & annuity services provided by Advanced Financial, Steve Sousa CLU, CA License#0476190
Brian Walker CA License #0H13310 | Jessica Markworth CA License #0E56830 | Jill Sousa CA License # 0L05626
Securities investment services provided by Inception Financial Services with advisory services offered through AlphaStar Capital Management.
Attend this workshop to learn about:
Maintaining family wealth over multiple generations.
6 strategies for a strong generational wealth management plan.
Strategies that could help reduce taxes.
Understanding the biggest threats to the preservation of wealth.
3 Key factors for a sustainable withdrawal rate.
How retirement planning, portfolio-mix and risk tolerance can affect future generations.
How to calculate the value of your estate.
The importance of having a trust and life insurance policy if you're from a blended family.
How to NOT disinherit your children and grandchildren because of divorce or another triggering event.
NEW TAX LAW CHANGES
The Impact They Have on Your Retirement
Choose the best day works for you:
DISCLAIMER:
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information.
Life insurance & annuity services provided by Advanced Financial, Steve Sousa CLU, CA License#0476190
Brian Walker CA License #0H13310 | Jessica Markworth CA License #0E56830 | Jill Sousa CA License # 0L05626
Securities investment services provided by Inception Financial Services with advisory services offered through AlphaStar Capital Management.