Episodes
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Social Security Trust Fund Depletion: What It Means for $2M to $8M Retirees
Episode 50 of Retirement Tax Matters reviews the numbers behind the latest Social Security Trust Fund report and what the possible projected 2032 reserve depletion means for retirees between $2M and $8M. Garrett Crawford, CFP® and Adam Reed walk through the report details, noting that while trust fund reserves are projected to run out in the fourth quarter of 2032, ongoing payroll tax revenues may still cover approximately 78% of scheduled benefits.