Social Security Shakeup: What Changes Could Be Coming Down The Line?

Candid Conversations: Retirement Talk with Ryan Cravitz

Social Security is the backbone of retirement for millions of Americans, but big changes could be coming pretty soon. In fact, one Congressman asked the Congressional Budget Office to put together a report detailing the impact of changing the full retirement age from 67 to 69.
This change, if implemented, would have huge implications for anyone planning their retirement. Ryan will break down some of the key takeaways and discuss the implications if the government moves forward with this idea.
Read the full report here: https://www.cbo.gov/publication/60516
Here’s what we discuss in this episode:

0:00 – Intro

1:19 – Full retirement age

3:04 – Key takeaways from the report

9:13 – How should you view Social Security changes at different ages?

13:28 – Final thoughts on Social Security

14:17 – Mailbag

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Investment Advisory Services offered through Brookstone Capital Management, LLC (BCM) a Registered Investment Advisor. Cravitz Financial & Insurance Solutions are independent of each other. Information provided is not intended as tax or legal advice and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional. Ryan Cravitz and Cravitz Financial & Insurance Solutions are not affiliated with or endorsed by the Social Security administration or any other government agency.