In this episode, Dave and Sol, approaching their 50s, discuss fears about social security insolvency upon their retirement. They highlight current system issues like inadequate benefits, tax caps on high earners, and lack of inflation adjustments. Despite recognizing potential solutions like removing tax caps, adjusting retirement age, and tying payments to inflation, they admit these require political courage.
Have a comment, question, or topic suggestion? Let us know at oldschoololdfriends@gmail.com!
© 2023 818 Studios.
In this episode, Dave and Sol, approaching their 50s, discuss fears about social security insolvency upon their retirement. They highlight current system issues like inadequate benefits, tax caps on high earners, and lack of inflation adjustments. Despite recognizing potential solutions like removing tax caps, adjusting retirement age, and tying payments to inflation, they admit these require political courage.
Have a comment, question, or topic suggestion? Let us know at oldschoololdfriends@gmail.com!
© 2023 818 Studios.