Financial 15: Important Social Security Updates(Presented By: Craig Ferrantino, CWS®, CFF®)
August 25 @ 9:00 am - 9:15 am EDT
Important Social Security Updates
8/25/20219:00am EDT15 minutesFor more than 70 million Americans, Social Security is a significant portion of their retirement income.
There are some important updates regarding social security that could impact our clients, so we will be holding a few 15-minute webinars to discuss any potential changes in more detail.
In our webinar, we will review the following important updates:
1) The Social Security Administration released estimates that indicate that the trust funds used for social security could be depleted in 2035, at which point 79% of promised benefits would be payable. A notice on page 2 of recent social security statements even has this “warning” stated.
2) The window to file a restricted application is closing on January 1, 2024.
3) The Biden Administration has also released potential Social Security Updates that we will review.
4) Cost of Living Adjustments
We look forward to seeing you at the webinar. If you have any questions you would like to submit beforehand, please email them to firstname.lastname@example.org
Craig J. Ferrantino is a Registered Representative offering Securities and Advisory Services through UNITED PLANNERS FINANCIAL SERVICES, Member FINRA, SIPC. Craig James Financial Services, LLC and United Planners are not affiliated.