Tag: Social Security

Will Social Security Really Run Out? 2025 Breakdown

Will Social Security Really Run Out? 2025 Breakdown

Lately, we’ve been getting a lot of questions from clients about the future of Social Security- and it’s no surprise. This topic has been making the rounds online, sparking concern and confusion. Will Social Security really run out? To help break it all down, we’re welcoming back Matt Finley, Senior Partner and Financial Advisor at Perspective 6 Group. He’ll explain what’s actually happening with Social Security, what could change, and why most people won’t see their benefits disappear- even in the face of funding shortfalls projected for 2032.

You’ll learn what potential fixes are on the table and why no political party is seriously proposing to cut benefits for current recipients. If Social Security anxiety is keeping you up at night, this episode will help you take a breath, understand the facts, and focus on smart planning for your future.

Here’s some of what we discuss in this episode:

🤔 What’s really going on with Social Security

❌ Common myths about benefit cuts

🛠 Solutions Congress could enact

🧾 Why the panic is more political than practical

💡 How smart financial planning can reduce fear

0:00 – Intro

1:18 – What’s going on with Social Security?

2:13 – Fixes on the table

5:28 – Where fear is stemming from

9:35 – Key takeaways

Social Security in 2025: Separating Fact From Fear Article:

https://perspective6group.com/social-security-in-2025-separating-fact-from-fear/

Other Resources

📌Our website: https://perspective6group.com/

📞Phone: (952) 225-0333

📧 Email: perspective6info@focusfinancial.com

🗓 Schedule your no-cost consultation: https://perspective6group.com/start-here/

📚 Essential Financial Guides

📌5 Ways to Maximize Your Medtronic 401k Plan Guide: https://perspective6group.com/guide/

📌Stock Compensation Tax Form Checklist: https://perspective6group.com/stock-compensation-tax-checklist/

📌ESPP: A Comprehensive Guide: https://perspective6group.com/espp-guide/

📌Check out our other no-cost financial resources here: https://perspective6group.com/resource-center/

📲 Stay Connected

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Important Tax Planning Numbers for 2024 (Ep. 11)

Important Tax Planning Numbers for 2024 (Ep. 11)

Limits, Contributions, Deductions – Do you know the critical updates for each in 2024?

Join Matt Nelson, CFP® & Jacob LaRue, CFP® in the latest episode of the MedTech Wealth Advisor Podcast. Together they share insights for professionals and entrepreneurs, providing essential tax planning strategies and contribution limits to set you up for success this year.

Key Highlights:

  • 2024 Contribution Limits: Discover updated limits for 401(k)s and HSAs, explained for different age groups
  • Optimal Contribution Strategy: Learn how to strategically prioritize contributions to maximize benefits
  • Comprehensive 401(k) Limits: Gain insights into the total contribution limits, encompassing all sources
  • Pre-Tax vs. Roth Contributions: Understand the combined contribution limits for different 401(k) types
  • Tax Bracket Tactics: Explore how to utilize tax brackets for efficient contribution strategies
  • Income Phase-Outs: Learn how rising income affects eligibility for savings plans
  • Social Security and Medicare Planning: Get strategies for managing benefits and premiums based on income and age
  • Capital Gains and Deductions: Master tactics for high earners to optimize taxes and deductions
  • And much more!

 

Resources:

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Connect with Jacob LaRue:   

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