Are you counting on Social Security for your retirement? Think again! In this informative video, tax CPA Eric Freeman exposes the truth about the government’s hidden agenda and why relying on Social Security for retirement is a risky move. He delves into the recently passed Secure 2.0 Act and the changes to the retirement plans that it impacted. This new legislation brings about significant changes to existing retirement plans. Eric Freeman will explain the 5 changes made by the Secure 2.0 act. Watch now and take control of your financial future. This video is a must-see for anyone who is planning for retirement and wants to stay informed about the latest changes to retirement plans.
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The Secure 2.0 Act is a proposed piece of legislation that could have a major impact on the future of Social Security in the United States. The Act would require individuals to save more for retirement, reducing the amount of money they can receive from Social Security. The government does not want people to rely on Social Security for their retirement income because it is not a reliable source of income.
Social Security is a program that was created by the government to provide a safety net for retirees. It is funded by payroll taxes, which are taken out of each paycheck. This money is then used to pay benefits to retirees. However, the amount of money available for benefits is limited, and the amount of money that can be collected from payroll taxes is also limited. This means that the amount of money available for benefits is not enough to cover all of the expenses of those who rely on Social Security.
The Secure 2.0 Act would require individuals to save more money for retirement. This would reduce the amount of money they can receive from Social Security. The government wants people to save more money because it is a more reliable source of income than Social Security. By saving more, individuals can ensure that they have enough money to cover their expenses in retirement.
The government also does not want people to rely on Social Security because it is not a guaranteed source of income. Social Security benefits can be reduced or eliminated if the government decides to make changes to the program. This means that individuals could be left without the money they need to cover their expenses in retirement.
The Secure 2.0 Act is a proposed piece of legislation that could have a major impact on the future of Social Security in the United States. The government does not want people to rely on Social Security for their retirement income because it is not a reliable source of income. They want people to save more money so that they can have a more secure retirement.
Can i opt out of ss then? That's right no, it's to feed the beast.
But you never answered the question in your video title. WHY they doing all this? Are they running out of funds?
such a scam system. these employees saving their small earnings won't make a difference. even at $10k savings per year, after 30 yrs is $300k. that doesn't matter at all.
Stop going to war?
How soon will they change retirement age to 75 before you can collect Social Security?
Gov't pushing 401k's and IRA's to keep the Stock Mkt machine going.
True story, they want you to put it in 401k to tax it more. They have tried this more than once and once you have all those sweet dollars in there, politicians won't be able to resist taking from it to give to the military complex.
The problem with the 401k is they control your money. They loan YOUR money out to investors to make money for the investor not you. This is not to help the individual at all. God forbid you need some of that money for an emergency you will be on the hook for 50% tax penalties. Remember you don’t pay taxes on the front end but you damn sure will on the back end when you start asking for it back for retirement. 401k has turned in to one of the biggest government scams on the poor and middle class because people don’t have choice and do not educate themselves on this subject.
What about my money that was already allocated to social security? I want to stop being robbed already!!
More like the 101k
Rearranging the deck chairs on the titanic
So they're automatically enrolling us in these overcharge feed 401K plans, without much of any matching as many employers no longer match?