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Retirement Planning Education, with Andy Panko

#102 - Highlights of the 2024 Social Security Trustees Report

Retirement Planning Education, with Andy Panko

Andy Panko

Social Security, Taxes, Ira, Investing, Education, 401k, Retirement Planning, Roth Conversion, Tax Planning, Annuities, Roth Ira, Financial Planning, Pension

4.91.1K Ratings

🗓️ 6 June 2024

⏱️ 40 minutes

🧾️ Download transcript

Summary

Andy gives a summary of the key takeaways from the recently released 2024 Social Security Trustees Report Links in this episode: The 2024 Social Security Trustees Report - hereThe "Summary of Provisions That Would Change the Social Security Program" - here Tenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Reti...

Transcript

Click on a timestamp to play from that location

0:00.0

Let's recap the 24 Social Security Annual Trustees Report in this, the 100-second episode of the Retirement Planning Education Podcast.

0:12.4

Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, social security, Medicare,

0:22.7

portfolio withdrawal strategies, annuities, estate planning, and much more. And now here's

0:28.0

your host, Andy Panko. Good day. All you listeners, thank you for tuning in. Greatly appreciated.

0:34.1

Today I will be recapping the 2004 annual Social Security Trustees

0:40.7

Report. Cue the claps, cue the excitement in the background. Can you feel the buzz? I can.

0:46.9

This is an episode I've been doing every year for the last few years when the

0:52.2

annual Social Security Trustees report comes out.

0:56.3

Thankful. Well, you know, for me, it's it's pretty straightforward because I basically just

1:00.0

use the same talking points and script I had last year and just update it to reflect the new

1:04.3

facts and figures as given in this year's report. So with that said, this is going to be the same

1:09.7

thing. So this report comes out every

1:12.2

year around this time. It's not always the same date, not even the same month. I think

1:16.3

2003, it came out in April, I want to say. This year, 2024, came out in May, early May. So I don't

1:24.6

know what exactly the rhyme or reason is behind the timeline with which it comes out.

1:29.0

But, you know, it is usually spring or summer is when you can expect to see this come out.

1:35.2

So, a dad joke.

1:37.6

Let me give you a joke.

1:38.8

I just wanted you to know that.

1:39.9

Someone threw a giant bottle of omega-3 pills at me.

1:43.3

I'm fine.

1:45.3

I only suffered superficial-oil injuries. Superficial. Superficial oil. Get it? Superficial injuries? Yes. Now that one wasn't

...

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