Most Baby Boomers were raised to “go to school and get a job” with a pension or a retirement account. Additionally, the US government added social security as a way to supplement those funds not replace them.
But the overwhelming consensus about social security is that most people think it will pay for their retirement. That couldn't be further from the truth.
The government made a mistake by investing the funds in bonds and not securities. Because of that the social security program is expected to run dry by 2033.
So how do we solve the problem?
Simple. You change your spending habits and save!
Listen now to understand how to overcome this governmental negligence and still leave a legacy for your family!
Show highlights include:
- Why smart people take their social security at age 70 (even if you plan on retiring early) (1:19)
- How saving 15% of your gross income lets you leave a legacy for your children and grandchildren (4:49)
- Why Capitol Hill is destroying your social security fund (and how you can avoid this pitfall in the future) (7:58)
- How figuring out social security reassures your optimism toward retirement (and encourages you to skip buying that latte) (10:14)
Grab your free copy of the “Retire In Texas” ebook now by heading over to PAXfinancialgroup.com.