InvestTalk 6-27-2024 – Social Security COLA 2025: Retirees Face Challenges
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 28 June 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
The 2025 cost-of-living adjustment (COLA) for Social Security benefits is shaping up to be one of the lowest in recent years, potentially posing significant challenges for retirees living on fixed incomes.
Today's Stocks & Topics: ADBE - Adobe Inc., Market Wrap, The Wash-Sale Rule, Social Security COLA 2025: Retirees Face Challenges, WBA - Walgreens Boots Alliance Inc., Jobs Market, ITT - ITT Inc., Bonds, Mid and Small Caps, The Deficit.
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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 |
| 0:09.8 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic |
| 0:16.0 | pressures. Justin Klein stands ready to take your finance and investment questions |
| 0:21.2 | and share his unbiased answers. |
| 0:24.0 | Invest Talk is made possible by KPP Financial, |
| 0:28.0 | a registered investment advisor firm serving clients throughout the United States. |
| 0:34.7 | The clarity for your path forward starts now. |
| 0:39.6 | Here is KPP Financial Chief Executive Officer, Financial Financial, Chief Executive Officer, |
| 0:43.0 | Financial Advisor, Justin Klein. |
| 0:47.4 | Good afternoon fellow investors |
| 0:49.4 | and welcome back to Invest Talk. |
| 0:51.9 | This is our Thursday, June 27, 2024 edition, and I'm excited to be |
| 0:57.3 | back with you answering your finance and investment questions and really helping you take that next step in your own version of |
| 1:07.0 | financial freedom. We're in a very interesting market dynamic that we that we have |
| 1:11.9 | going on an economic dynamic we have going on, an economic dynamic, we have the election, really kicks off today, right, with the first presidential debate. |
| 1:20.0 | And this is an environment that most people are not used to. |
| 1:25.0 | They're still thinking about 08, they're still thinking that the world is, |
| 1:30.0 | the world hasn't changed and it truly has, you know post-O-8 post-Covid it's turned into a |
| 1:36.1 | deficit economy a where budgets or fiscal dominance run rain supreme and that creates different |
| 1:46.8 | trends in the markets, different asset classes outperform. |
| 1:51.6 | You see that with equities, outperforming bonds, for example, but there's a lot of |
| 1:55.8 | subcategories to that as well. So we're here to unpack all of this. Give you the real story, |
... |
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