Larry Kotlikoff, a seasoned economist and author, shares invaluable insights for 2025. He discusses the critical need for changes in Social Security to combat poverty and navigate inflation's impact on retirees. Kotlikoff warns against the costly mistakes of claiming Social Security too early, emphasizing it as essential longevity insurance. He also introduces his innovative software, MaxiFi, designed to revolutionize financial planning by promoting strategic budgeting and optimal Roth IRA conversions for a secure financial future.

Larry Kotlikoff, a prominent economist known for his advocacy of social security reforms, discusses groundbreaking changes needed in economic policy. He proposes a modernization of social security to support vulnerable populations and critiques high tax rates that disincentivize work. Kotlikoff also tackles the concept of a consumption tax versus income tax, examines the complexities of inflation, and emphasizes the need for fiscal reform addressing national debt. His insights blend economic theory with practical solutions for a more equitable financial future.