The nonpartisan Committee for a Responsible Federal Budget (CRFB) recently found that Social Security beneficiaries are on track to face a 21% cut in benefits when the program’s trust fund is depleted in 2033.
“Both major party candidates for the presidency having no meaningful plan to save Social Security from insolvency is an egregious example of fiscal irresponsibility.”
—CRFB President Maya MacGuineas
What factors are leading us toward a cut in Social Security, and what can you do to help protect your retirement?
Click on the video link below for exclusive executive insights on this topic from Edmund C. Moy, 38th Director of the U.S. Mint and Senior IRA Strategist for U.S. Money Reserve.
Related headlines from around the web:
- Fox Business: “Social Security crisis: Beneficiaries face 21% benefit cut without reforms, says CFRB”
- MarketWatch: “Social Security will run out of money in 8 years. Is anyone paying attention?”
- Reuters: “Gold breaks $2,600 barrier as Fed cut bets prolong historic run”
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.
