Best In Wealth - Best Practices For Real People, Investments, Retirement Planning, Money Management, Wealth Building, Financi

Is social security going to run out in 2033? If I am a high-income earner, will social security reduce my benefit? For those of us who have planned for social security, as we are getting closer and closer to retirement, do we have cause to be anxious? In this episode of Best in Wealth I will answer both questions (but do not be afraid). [bctt tweet="Is social security going to run out in 2033? Listen to episode #228 of Best in Wealth and I’ll break it down for you! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] Outline of This Episode [1:11] What will happen when you become empty nesters? [5:20] Will social security run out in 2033? [9:13] Will the age of retirement shift again? [11:11] How social security payments are calculated [20:31] Will they take my social security benefits away? Will social security run out in 2033? The quick answer is no. If you are working right now, you are paying 6.2% of every dollar you earn (up t