Lifetime Income Series: Proposed Changes to Social Security Could Be Devastating to Millions of Seniors

This week’s program is going to come as a surprise to many of our listeners. Jim and John have been covering Social Security strategies in depth in recent months, but many of these no longer apply as a proposed Congressional budget bill contains the most sweeping changes to Social Security in over three decades. It could cost the average couple $50,000 in lifetime benefits. Jim goes into the details of the new legislation and why Congress is looking for a temporary fix to get past the presidential election cycle in 2016. Jim and John discuss which Social Security strategies still work, and why it is more important than ever to have a retirement plan. The case study this week features Joe and Irene Turner, illustrating some of these strategies to help make their retirement plans work.

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