Were you looking for a neat and pretty summary of the 2022 Social Security Trustees report?

Of course you were. We'll stick around so you're about to hear one in this, the 26th episode of the Retirement Planning Education Podcast.

Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, social security, Medicare, portfolio withdrawal strategies, annuities, estate planning, and much more. And now here's your host, Andy Panko.

Welcome back, everybody. Thank you for listening. Great timing with this one. So this is the 26th episode of the Retirement Planning Education podcast. It is getting released on June 9th, 2022. Last week, the 25th episode that got released on June 2nd, 2022, I did an intro to Social Security. And in that intro, I mentioned the 2022 annual Social Security

Trustees report should be out soon. Had I known, the report is going to get released on June

2nd, the day of the release of my podcast episode, I would have waited to release it and,

you know, revamped the content a little bit, but whatever. I guess it worked out well. So the second episode now, or I should say the second episode about

Social Security is going to be a summary of the recently released annual trustees report.

There's a lot of great facts and figures. It came out June 2nd, 2020. It is the 82nd

such annual report. It's quite a beast. It's

275 pages. You can find a link to the full report in the notes. You can download it in PDF form or there's

also, you know, you can view it online. Tremendous amount of information. A lot of it is actuarial assumptions, you know, guesses about the future.

But a lot of it is really good, detailed accounting about the social security system, all

the comings and goings of monies.

So for anyone who's interested in learning more about social security, I highly, highly recommend

picking through

the trustees report. The first handful of pages are fairly straightforward, easy to understand

summary, and there's lots of tables and graphs, you know, stacked in the back, that that stuff's

kind of hard to digest unless you're the nerdiest of nerds. But seriously, you know, if you're not already well-versed

in Social Security, do yourself a favor and read through this reporter, at least read through

until you fall asleep. A lot of great information. You can get up to speed pretty quickly and

really get a good understanding how the system works instead of just listening to sound bites

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