Will Social Security Be Around When I Retire?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 13 June 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

How confident can you be that social security will be around when you retire, and how should you prepare in case it's not? We'll walk you through that question and more in today's Q&A episode! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:07.0	investing, taxing.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:15.3	All right, here's our first question.
0:16.9	This question, Brian, is from Edward.
0:19.2	And this one is so timely.
0:21.4	And I think people will be interested in this one.
0:25.4	Do the rising mortgage rates affect when prepaying debt falls on the food?
0:30.9	For those of you that don't know, the food is the financial order of operations.
0:34.4	You can go learn all about our financial order of operations at learn.moneyguide.com.
0:39.4	And this is what Edward asks.
0:40.4	At what approximate mortgage rate does it make sense to start prioritizing paying down
0:46.3	your mortgage versus investing?
0:48.4	Because we've been in this like really interesting low mortgage rate environment
0:54.1	Brian for the last decade, right?
0:56.8	Yeah.
0:57.8	Well, now it seems mortgage rates are creeping a little bit higher.
1:01.0	So does that change?
1:03.0	How we ought to think about mortgages?
1:04.7	How we ought to think about debt prepayment?
1:07.0	And even how we ought to think about the financial order of operations?
	...

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