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WCI #234: Roth Q&A: 401ks, Conversions, and What if the Backdoor Goes Away?

White Coat Investor Podcast

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Is There a Social Security Trust Fund?

Under current projections, in approximately 20 33 or 20 34, the social security trust fund is going to run out. At that point, if there are no changes to social security law, they will only be able to pay out 77 % of promised benefits. That's if they don't raise the social security age, if they don’t raise the socialSecurity tax percentage and if they don' t mess with how a social security inflation adjusting is done. Now, if they do any or all of that in some portion, it's pretty darn easy, mathematically, to save social securitya keep in mind that social security might be the most popular government programme ever instituted in the united states

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