Social Security Reform with Congressman John Larson
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 4 March 2019
⏱️ 42 minutes
🧾️ Download transcript
Summary
An exclusive interview with Congressman John Larson about the proposed changes to Social Security in the SS2100 Act.
For more information, visit the show notes at https://www.bigpictureretirement.net/109
Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide specific tax, legal, or financial advice. |
| 0:05.1 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:12.6 | Hello, everyone. Welcome to the Big Picture Retirement Show. This is the show for anyone who is |
| 0:18.0 | planning for or living in retirement. I'm Devin Carroll, and today I am in by myself, |
| 0:23.8 | but that's okay because the topic is Social Security. In fact, it is Social Security reform. |
| 0:30.3 | So before you click off because you think, hey, I'm not on Social Security yet. This doesn't impact me. |
| 0:35.6 | Understand, we're talking about reform that could not only |
| 0:38.4 | impact your Social Security benefit, but could impact the amount of taxes you are paying as well. |
| 0:45.1 | Now, there's been Social Security reform. It's been discussed for years and years, but this is actually a measure that could happen pretty soon. Now, I'm not talking about some |
| 0:56.3 | minor adjustment to this, to some obscure clause in the regulations. I'm talking about nearly |
| 1:02.1 | everything about the program changing. You know, the last time we had a significant change was in |
| 1:07.5 | 1983. This change would be even more sweeping than that. So I want to get in and |
| 1:14.0 | talk about the six big changes real briefly, and then I want to interview Congressman Larson, |
| 1:20.0 | who is the sponsor of this bill, and find out his take on the bill. Before we jump into this, I want to let you know this as well. We're going |
| 1:29.5 | to be watching this very closely. Additionally, we're going to be watching Senator Bernie Sanders |
| 1:34.3 | piece, which is the Social Security Expansion Act. Now, that bill is similar and very different |
| 1:41.8 | at the same time. So you're going to need to understand what some of these key differences are. |
| 1:45.3 | And we'll probably cover that act if it gains more steam. |
| 1:50.1 | He has already announced he's running for president in 2020. |
| 1:53.2 | So I'm going to make the assumption that it's going to catch some traction. |
| 1:56.8 | But worst case, if you do nothing more than listen to this episode to find out more about this, I can tell you this. |
| 2:05.9 | In this presidential election, you are going to hear a lot more about Social Security. |
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