What's happening to Social Security?

Money Making Sense

What's happening to Social Security?

Clean

Published on Apr 2, 2025, 1:00:10 AM
Total time: 00:26:23

Episode Description

Long before DOGE began implementing cuts, government leaders have been talking about making changes to Social Security.  Chad Waddoups, the VP of Wealth Management at Mountain America Investment Services, breaks down how the system works now.

Find out how much money Social Security is expected to pay you, here.

He discusses the concerns about the program running out of money if changes aren't made and why he thinks it won't actually go away; and how to protect yourself if Social Security does vanish.  Chad also explains the misconception around Social Security and entitlements.

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More about Money Making Sense

The goal of Money Making Sense, a 4-time People's Choice Podcast Award finalist, is to help you find more financial peace.  Host Heather Kelly and guest experts focus on personal finances and analyzing family decisions.  The show discusses vacationing on a budget, how money affects relationships, retirement savings, reducing household expenses, and the financial impact of owning pets.  Along with celebrity interviews from the Sundance Film Festival and FanX Salt Lake focusing on finances.  Money Making Sense will give you practical ideas on how to improve your bottom line.