3-1-2023 – Is It Possible to Balance the Books for Social Security?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 2 March 2023
⏱️ 46 minutes
🧾️ Download transcript
Summary
Social Security resembles other government programs because its tax revenues are spent in the year that they are raised.
(Social Security’s benefits expenditures have exceeded its revenue from payroll taxes every year since 2010. The program is already thoroughly in the red.)
Today's Stocks & Topics: Jobs Market, Electric Cars and Workers, Stocks Buybacks, CE - Celanese Corp., PARA - Paramount Global Cl B, WFC - Wells Fargo & Co., GSBD - Goldman Sachs BDC Inc., BIT - BlackRock Multi-Sector Income Trust, Closed-End Funds, FTRNX - Fidelity Trend Fund, Securities-Backed Line of Credit (SBLOC).
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Transcript
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| 0:00.0 | At a time, when investors are confronted with market volatility and a variety of challenges |
| 0:11.4 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures, |
| 0:18.9 | just in decline and Steve Peasley, stand ready to take your finance and investment questions |
| 0:23.9 | and share their unbiased answers. |
| 0:27.2 | This is Invest Talk, independent thinking, shared success. |
| 0:32.4 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm serving |
| 0:37.7 | clients throughout the United States. |
| 0:41.0 | The clarity for your path forward starts now. |
| 0:45.4 | Here is KPP Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:52.4 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:56.4 | This is our Wednesday March 1, 2023 edition. |
| 1:01.9 | And yep, we are through the first two months of the year and that means the first quarter |
| 1:08.9 | is rapidly coming to a close. |
| 1:11.9 | So I'm Justin Klein. |
| 1:12.9 | I'm here on today's show to help you make the most of your strategies and your capital so |
| 1:19.8 | that you can make good, consistent decisions with your money. |
| 1:23.9 | And I look forward to doing this Invest Talk podcast so I can answer your questions. |
| 1:29.1 | You probably have some. |
| 1:30.1 | I'm never going to be able to address them all on one show based on the things that I bring |
| 1:34.7 | up. |
| 1:35.7 | So that's why you have to bring them to me. |
| 1:37.6 | And that's why we consistently encourage that. |
... |
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