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8/8/25 What Would a 20% Social Security Reduction Mean for Your Retirement?

Could your Social Security check be slashed by 20%?
With trust fund depletion looming, many retirees could face harsh income cuts sooner than expected. Richard Rosso & Jonathan McCarty break down what a 20% Social Security reduction would mean for your retirement lifestyle, how to prepare now, and smart income strategies to fill the gap. Whether you're already retired or nearing retirement, this is a must-watch.

0:18 - Social Security should be considered a stipend
5:30 - Social Security Shores-up Your Financial Plan
11:30 - The Myth of Breaking-even
13:18 - Family Dynamics & Spousal Benefits
16:50 - Calculating Benefit Loss from Taking early Retirement
18:30 - If Social Security Goes Away...
21:48 - Paying More Taxes to Shore Up Trust Fund
24:31 - Giving Up More by Taking SS Early
27:00 - Ignore the Media Hype

Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor, Jonathan McCarty, CFP
Produced by Brent Clanton, Executive Producer
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Watch today's video on YouTube:
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The latest installment of our new feature, Before the Bell, "8-7-25 Is the Correction Over?" is here:
&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "The Low Beta Boom: Sidestepping The Dot-Com Bust"
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Register for our next Candid Coffee, "Savvy Social Security Planning," August 23, 2025:
https://streamyard.com/watch/pbx9RwqV8cjF
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Get more info & commentary:
https://realinvestmentadvice.com/newsletter/
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#SocialSecurityCuts #RetirementPlanning #FinancialSecurity #SocialSecurity2025 #IncomeStrategy #InvestingAdvice #Money #Investing
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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