Recent projections by the Social Security Administration estimate that the funds for retiree and disability benefits could become exhausted by 2035, and benefits may need to be cut starting as soon as 2033.
“We have long known that Social Security is on an unsustainable financial path. Today’s Social Security Trustees Report marks yet another year of inaction by lawmakers to protect this crucial program on which so many Americans depend.”
—Jason Fichtner, chief economist at the Bipartisan Policy Center
How can Americans protect their portfolios from systemic changes to their retirement benefits?
Click on the video link below for exclusive executive insights on this topic from Philip N. Diehl, 35th Director of the U.S. Mint and President of U.S. Money Reserve.
Related headlines from around the web:
- Business Insider: “Full Social Security benefits will run out in 11 years: trustee report”
- MarketWatch: “Gold, silver are going gangbusters”
- CBS News: “Gold prices hit a new record high”
Enhance your portfolio with precious metals today.
Widespread market forces like central bank demand, geopolitical tensions, and monetary policy may continue to drive gold prices higher. Gold has also historically been used as a hedge against economic uncertainty and market turbulence. Now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
