Yes, it's that time of year. It can only mean one thing. This year's annual Social Security

Trustees report is out. And I'm about to recap it for you in this, the 69th 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.

Hey, hey, everybody. Welcome back. Who's excited? I know I am. Do you know why? It's because one of my

favorite days of the year recently happened. It was the year, it was the day the Social Security

trustees released her annual report about the Social Security system. Woohoo! Yay! Cue the horns and

noisemakers. One of my other favorite days of the year, by the way, is when the IRS releases the tax brackets and rates for the following year. I know, right? You're saying, like, man, what a miserable existence. That these are my favorite days of the year. But they are. One of my other days is probably the opening day for baseball. Not because I like baseball. I don't, frankly. I used to when I was a kid.

I was a Mets fan. I liked Lenny Dykstra in the late 80s. He left to go to the Phillies and that kind of left me

confused, lonely and scared, so I didn't know what to do. Plus there was the lockout around then,

1990, 91, 92, I don't remember, and just kind of lost interest and never went back. So I don't,

like I said, I don't like baseball. As a spectator sport, I mean, enjoy playing it. I enjoy playing

all sports, but as a spectator sport, I just don't get it. But nonetheless, I find it,

opening day for baseball, major league baseball is a sign that winter is informally over. I mean, it's officially over. Spring has already started,

but it's kind of like, hey, you know, spring's here, summer's here. Let's do this. So anyway,

those are some of my favorite days of the year. But this one, today, I'm going to recap for you,

the key takeaways from the 2023 Social Security Trustees report that came out March 31st.

I think it was, for 2023.

This is the 83rd such annual report.

It's a big one.

...