Podcast Episode 23: Will Social Security Run Out?

by Financial Design Studio, Inc. / August 7, 2023

Will social security run out? The headlines say it will, but what do financial advisors think? In this episode, Rob walks you through the history of Social Security, what the trustees report says, and how this influences retirement planning process. 

Experienced Fiduciary Fee Only Financial Advisors In Deer Park Chicago Illinois
Robert Stoll, CFA, CFP®; Michelle Smalenberger, CFP®

Behind the Designs Ep. 23 : Will Social Security Run Out?

Take a listen right here, or head over to your favorite steaming platform!

Key Moments

1:33 What is the history of social security?

8:17 Why are the headlines so negative?

11:51 What happens if the social security fund runs out?

17:02 How do we fix the social security system?

21:03 How does this influence how we plan client retirement income?

Links for Will Social Security Run Out?

Read Rob’s article, “Should I count on social security in retirement?

Learn more about the “Social security cost of living increase in 2022

See how social security is just a piece of your income in “Planning retirement cash flow

If you want to check the status of your social security benefits, go to www.ssa.gov/myaccount

Stay Connected!

If you want to hear even more episodes, like this one, be sure to subscribe to the Behind the Designs podcast on your favorite streaming platform! The Behind the Designs podcast shares with you an inside perspective at how financial advisors think about certain topics. We’ll see you in the next episode.

Credits for Episode 22

Executive Producer : Anna Lewis

Host : Michelle Smalenberger, CFP®

Guests : Rob Stoll, CFA, CFP®

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Financial Design Studio, Inc.

We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.