Social Security Depletion: Maximum Benefits in 2024 May Be Gone In The Next 10 Years (#253)

Episode Summary: Your Social Security may be at risk. It is being reported that Social Security benefit cuts are projected to be delayed until 2035 but is that enough? What does that mean for you, the retiree in the future. Ridgeway emphasizes the importance of understanding one's maximum Social Security retirement benefit and encourages listeners to proactively plan for their financial future because if we don't, there may not be any money available when we get there, or they only give you a small portion of what you deserve.

Key Takeaways:

1. Impact of Delayed Benefit Cuts: Ridgeway highlights the significance of the Social Security Administration's announcement regarding the postponement of benefit cuts until 2035. This extension offers some relief for retirees but underscores th ...