In this episode, we look at Social Security and other social programs such as Medicare and Medicaid. This episode is designed to be a wake-up call for anyone that is depending on Social Security and other social programs. I am ringing the alarm for anyone willing to listen!
Social Security, Medicare and Medicaid and other social programs are by their own financial reports bankrupt. – I am not saying this, the government is telling you that. The projection also is that the entire social security program will be done in 2034. In the words of the report, it states that the OASI Trust Fund, which is the only primary trust fund still solvent, will, in turn, quote “become depleted and unable to pay scheduled benefits in full on a timely basis in 2034.”
We have enormous government debt, unfunded entitlements and social programs and 76 million aging baby boomers retiring over the next 18 years and claiming social security and social program benefits that will put even more stress on these programs.
If you are under 47 years old, this episode is a MUST listen. I discuss the crisis ahead and possible scenarios of how this crisis will be handled by the government.
754: Eugene Shatsman: The 5 Pillars Of Growth In A Recession
My guest in this episode is Eugene Shatsman. Eugene is the Managing Partner of National Strategic Group. Eugene teaches business strategy, consumer behavior, marketing, and what all of us want – how to drive more business into our businesses. His team at National Strategic has over 100 people, and they do a tremendous amount of…
753: Dave Wolcott: Opportunity Investing In Times Of Crisis
My guest in this episode is Dave Wolcott. Dave started his career serving the country as a Captain in the Marine Corps. In 2000 he and his wife won the baby lottery by having triplets which inspired him to challenge the traditional financial planning advice of Wall Street. He then started an obsessive journey…
752: Brett Swarts: Building A Tax Deferred Exit Strategy
My guest in this episode is Brett Swarts. Brett is the Founder of Capital Gains Tax Solutions. Each year, he equips hundreds of business professionals with the Deferred Sales Trust tool to help their high net worth clients solve capital gains tax deferral limitations. His experience includes numerous Deferred Sales Trusts, Delaware Statutory Trusts, 10…