8/23/24: This Economist’s Proposal Won’t Solve the Social Security Crisis

In this election season, Social Security should be a key topic of debate due to its impending funding crisis, which could lead to a 25% reduction in benefits by 2032. Then Ric and industry experts discuss the challenges of organic growth for financial advisors, noting the shift from individual client acquisition to broader strategies. And Ric answers a listener question, explaining that you can't simultaneously pursue aggressive growth and safety in an investment. #SocialSecurity #Election2024 #RetirementPlanning #FinancialCrisis #SocialSecurityReform #ElderlyCare #GovernmentPolicy #TaxIncrease #EconomicSecurity #FutureOfSocialSecurity -----  Subscribe to podcast updates: https://form.jotform.com/223614751580152  Ask Ric: https://www.thetayf.com/pages/ask-ric  -----  Links from today’s show:  Wealth Management Convergence (March 2024): https://www.thetayf.com/pages/convergence  Edelman Financial Engines: https://www.edelmanfinancialengines.com/  Mariner Wealth Advisors: https://www.marinerwealthadvisors.com/  Gladstone Wealth Partners: https://gladstonewealth.com/  Mill Creek Capital Advisors: https://www.millcreekcap.com/  -----  Follow Ric on social media:  Facebook: https://www.facebook.com/RicEdelman  Instagram: https://www.instagram.com/ric_edelman/  LinkedIn: https://www.linkedin.com/in/ricedelman/  X: https://twitter.com/ricedelman  YouTube: https://www.youtube.com/@RicEdelman  -----  Brought to you by:  Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.html  State Street Global Advisors: https://www.ssga.com/us/en/intermediary/etfs/capabilities/spdr-core-equity-etfs/spy-sp-500/cornerstones   Schwab: https://www.schwab.com/  Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee  -----