Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge skills

insight and encouragement you need to live a rich and meaningful life now while building a

plan for financial freedom in 10 years or less. My name is Joshua Sheets and today on the show

we're going to talk about the United States social security system. I'm going to share with you

a few of the highlights from the recent report published by the Board of Trustees of the

Federal Old Age and Survivor's Insurance and Federal Disability Insurance Trust Funds.

I'm going to share with you a little bit of a background overview of social security

in an effort to enlighten you as to what the effects are, what's happening right now, especially in

the wake of the pandemic, to the social security system and to the so-called social security trust fund.

Now this may not generally be considered to be the most riveting of topics. It's not nearly as

fun as talking about perhaps something that is more flashy, but I want you to understand what

is actually happening in the actual numbers so that you will be prepared to actually predict what

is appropriate in the future. I don't think that there will be really any listeners of radical

personal finance who need to change their own individual behavior based upon this. I have no

clients and I would imagine virtually no listeners who are entirely dependent upon social security to

keep them out of poverty in their old age. Those people just simply don't listen to radical

personal finance. They should. I would love it if they did, but they don't. But what I do have

is a significant number of listeners who are going to be affected by changes in the social

security system as it comes over the coming years and decades. And that's why I want you to be

prepared with the actual numbers and analysis. In just a moment, I'll give you my executive summary,

but before I do that, if you notice any weird timing or any weird pauses I've been fighting,

I have a significant sore throat today, which makes it difficult to speak. I'm lacking my usual

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