Is Social Security Going Away? 0:00 so here we are at a government building 0:03 to talk to you about social security 0:07 even though the building we're standing 0:08 in front of is a town building 0:11 not a federal one 0:13 and really has nothing to do with social 0:15 security 0:17 but back to our question that we're 0:18 going to answer for you today is social 0:21 security going to go away by the year 0:23 2033 0:25 the answer 0:27 no 0:29 thanks for watching 0:30 please consider subscribing 0:32 [Music] 0:38 okay so there's a lot more to the story What is Social Security For? (Story Time) 0:40 and it's a question that people 0:42 genuinely have what's going to happen to 0:44 social security specifically their 0:46 social security income by a certain year 0:48 are we still going to have it do they 0:50 need to do something different and in 0:52 this video i'm going to help answer 0:53 those questions for you 0:55 i'd like to start with a story my son 0:58 parker he's 11 years old recently asked 1:00 me hey dad what's social security and i 1:03 thought to myself what kind of son am i 1:05 raising that's asking questions about 1:07 social security 1:09 at age 11. 1:10 and i said why do you ask he responded 1:13 with well i heard mimi and poppy his 1:14 grandparents talking about it so after 1:16 he responded with that i felt a little 1:18 bit more like a normal parent and i 1:20 began to explain to him that social 1:22 security means a lot of different things 1:24 but the specific thing that his 1:25 grandparents were talking about had to 1:27 do with the income they're receiving 1:29 from social security 1:31 i then asked him to explain to me the 1:33 difference between myself and his 1:36 grandparents we talked about a lot of 1:38 different things but one of the things 1:40 he mentioned is like well dad you're 1:42 stronger and faster and you can run and 1:43 jump and climb and they're older and 1:46 that was a really great example to 1:48 communicate yeah son when you're of a 1:50 certain age you'll earn more money but 1:53 as you age you may lose the ability to 1:56 earn that income and i continue to 1:57 explain to him that this produces a 2:00 problem 2:01 you see if you're not setting money 2:03 aside for your future during those prime 2:05 income earning years well when your 2:07 income is reduced or your income goes 2:09 away you won't have any money to live 2:11 off of you won't be able to maintain the 2:14 lifestyle that you've created for 2:15 yourself 2:16 and he's like oh yeah that sounds pretty 2:19 bad so i shared with him how social 2:21 security income is stepping in to help 2:23 fight that problem i told him that all 2:25 of us are paying into this social 2:28 security fund that's managed and run by 2:30 the government and then the government 2:32 when you reach a certain age will help 2:34 make sure that you do have an income so 2:36 that you can live his response was wow 2:39 that's really cool 2:40 i told him that it was cool on the 2:42 surface but there's some problems with 2:44 it i asked him how good do you think the 2:47 government is at managing people's money 2:50 he said i don't know i'm like can i be 2:52 honest with you 2:53 the government's not very good at 2:55 managing money at all 2:57 it's like but you guys are your company 2:59 is that's what you do you help people 3:00 with their investments and i said we 3:02 sure do bud and although what the 3:04 government is trying to do is 3:06 initially a good idea that they're 3:07 trying to help make sure people have 3:10 money at a certain age 3:12 the danger with it is if they don't do a 3:13 very good job maybe the money could run 3:15 out or other problems could arise and 3:18 we're kind of in that situation now 3:20 he asked well what do we do about this 3:22 dad The Current State of Social Security 3:25 you see the statistics and the data out 3:27 there says that by the year 2033 there 3:30 could be some issues with the money 3:31 that's set aside for social security 3:33 income on top of that families aren't 3:35 having as many children and that means 3:39 less people are going to be paying into 3:41 social security look my mom was one of 3:44 nine i'm one of seven but i only have 3:47 three kids and the person behind the 3:48 camera daniel he has one and may not 3:51 have any more it's true and that's 3:53 becoming a trend in the united states 3:55 there's less kids and there's going to 3:57 be less people paying into social 3:59 security 4:00 there could be a problem 4:02 but there are some other truths some 4:04 other good things that can give us 4:06 confidence about social security income 4:09 and make what i said at the beginning of What Do Politicians Want? 4:11 the video true it's probably not going 4:13 anywhere look no matter really what you 4:15 think about politicians we can all agree 4:18 that politicians want votes 4:20 it doesn't matter what side of the aisle 4:22 you're on 4:23 and who votes more than anyone else 4:26 older people people who are depending on 4:29 that social security income 4:31 so 4:32 if the republicans the democrats or any 4:34 politicians let social security income 4:39 go down go away under their watch it 4:42 would dramatically impact their ability 4:44 to earn votes later and based on what 4:47 we've seen through some recent economic 4:49 hardships whether it be the great 4:51 recession that we had or through some of 4:53 this coveted 19 stuff the government's 4:55 pretty much willing to do anything to 4:57 make sure our economy does well and 4:59 they'll change legislation or print 5:01 money however they need to ensure we do 5:04 have money for the things that are 5:06 needed especially if it means they're 5:08 going to get votes so again the answer 5:10 to that question is social security 5:12 income going away no 5:15 but there is cause for concern so now 5:18 we have to understand what we should do 5:20 about it What Can I Do About This? 5:22 now before you go saying social security 5:24 is like a big pile of poo 5:27 there is something that you can do about 5:29 your social security income whether you 5:31 believe it's totally going away or you 5:33 do believe what i said and it's probably 5:35 not going away there's something that 5:36 all of us could and should be doing 5:39 let's go back to the conversation i had 5:40 with my son 5:41 remember the government isn't known for 5:44 managing money well but there are 5:46 investment managers money managers and 5:48 financial planners that do this for a 5:50 living and do it extremely well 5:52 so what should you do you need to take 5:54 action you need to do more than just 5:57 rely on your social security income can 6:00 you plan on social security income being 6:02 there is it going away i think you can 6:04 plan on that i think it should be a part 6:05 of your financial plan but i did tell my 6:08 son in that story i said son social 6:10 security income for the most part even 6:12 now today without the social security 6:15 going away or being diminished the 6:16 amount of money most people get isn't 6:19 really enough 6:20 they have to supplement it with savings 6:23 or investing that they had done in years 6:26 previous to that and that's what you 6:28 need to do 6:29 you need to make sure that you're 6:30 working with a wise and loving 6:32 investment advisor and talking to them 6:35 about your financial goals communicating 6:37 clearly hey this is the lifestyle that i 6:39 want when i retire 6:41 and let's go ahead and consider some 6:43 social security income 6:44 but 6:45 what do i need to do on top of that how 6:48 much do i need to be saving how much do 6:49 i need to be investing and for how long 6:51 do i need to be saving and investing 6:54 to have the income that i want 6:57 when i retire you guys to be honest with 6:59 you i'm not even sure social security 7:01 was designed to be the full retirement 7:04 plan or retirement income for people it 7:06 was probably more designed just to be a 7:08 supplemental thing like a safety measure 7:11 and as a result we should treat it as 7:12 that if all we're relying on is social 7:15 security income and we've got no other 7:17 plan outside of that we're going to be 7:19 in trouble 7:20 we need to be wise 7:21 but our wisest and probably our best 7:24 clients are the ones that when they do 7:26 retire they are having more income from 7:29 their saving and investment strategies 7:32 outside of the income that they have 7:34 with their social security income 7:37 look bottom line guys 7:39 make sure that you're saving you're 7:41 investing and you have a plan with a 7:42 wise and loving advisor 7:44 so that you can have peace and you can 7:46 have confidence about your retirement 7:48 income 7:48 social security income it's probably not 7:51 going anywhere but don't rely on it 7:53 don't allow it to be the only source of 7:55 income when you 7:56 retire so we should do what my son did Your Next Steps 8:01 after i had that conversation with him 8:04 he decided that he wanted to open up an 8:06 investment account and since then he's 8:08 been putting money in there like crazy 8:10 he got a gift from his grandpa 8:13 for christmas and what he did with that 8:15 is put 100 of it into his investment 8:17 account guys open up an investment 8:19 account talk with a wise and loving 8:21 advisor and start putting money away 8:23 just like my son Parker did write three full paragraphs in no more than 3 sentences each paragraph in a friendly tone summarizes what you learned.

What is Social Security For? (Story Time) 0:40 and it's a question that people 0:42 genuinely have what's going to happen to 0:44 social security specifically their 0:46 social security income by a certain year 0:48 are we still going to have it do they 0:50 need to do something different and in 0:52 this video i'm going to help answer 0:53 those questions for you 0:55 i'd like to start with a story my son 0:58 parker he's 11 years old recently asked 1:00 me hey dad what's social security and i 1:03 thought to myself what kind of son am i 1:05 raising that's asking questions about 1:07 social security 1:09 at age 11. 1:10 and i said why do you ask he responded 1:13 with well i heard mimi and poppy his 1:14 grandparents talking about it so after 1:16 he responded with that i felt a little 1:18 bit more like a normal parent and i 1:20 began to explain to him that social 1:22 security means a lot of different things 1:24 but the specific thing that his 1:25 grandparents were talking about had to 1:27 do with the income they're receiving 1:29 from social security 1:31 i then asked him to explain to me the 1:33 difference between myself and his 1:36 grandparents we talked about a lot of 1:38 different things but one of the things 1:40 he mentioned is like well dad you're 1:42 stronger and faster and you can run and 1:43 jump and climb and they're older and 1:46 that was a really great example to 1:48 communicate yeah son when you're of a 1:50 certain age you'll earn more money but 1:53 as you age you may lose the ability to 1:56 earn that income and i continue to 1:57 explain to him that this produces a 2:00 problem 2:01 you see if you're not setting money 2:03 aside for your future during those prime 2:05 income earning years well when your 2:07 income is reduced or your income goes 2:09 away you won't have any money to live 2:11 off of you won't be able to maintain the 2:14 lifestyle that you've created for 2:15 yourself 2:16 and he's like oh yeah that sounds pretty 2:19 bad so i shared with him how social 2:21 security income is stepping in to help 2:23 fight that problem i told him that all 2:25 of us are paying into this social 2:28 security fund that's managed and run by 2:30 the government and then the government 2:32 when you reach a certain age will help 2:34 make sure that you do have an income so 2:36 that you can live his response was wow 2:39 that's really cool 2:40 i told him that it was cool on the 2:42 surface but there's some problems with 2:44 it i asked him how good do you think the 2:47 government is at managing people's money 2:50 he said i don't know i'm like can i be 2:52 honest with you 2:53 the government's not very good at 2:55 managing money at all 2:57 it's like but you guys are your company 2:59 is that's what you do you help people 3:00 with their investments and i said we 3:02 sure do bud and although what the 3:04 government is trying to do is 3:06 initially a good idea that they're 3:07 trying to help make sure people have 3:10 money at a certain age 3:12 the danger with it is if they don't do a 3:13 very good job maybe the money could run 3:15 out or other problems could arise and 3:18 we're kind of in that situation now 3:20 he asked well what do we do about this 3:22 dad The Current State of Social Security 3:25 you see the statistics and the data out 3:27 there says that by the year 2033 there 3:30 could be some issues with the money 3:31 that's set aside for social security 3:33 income on top of that families aren't 3:35 having as many children and that means 3:39 less people are going to be paying into 3:41 social security look my mom was one of 3:44 nine i'm one of seven but i only have 3:47 three kids and the person behind the 3:48 camera daniel he has one and may not 3:51 have any more it's true and that's 3:53 becoming a trend in the united states 3:55 there's less kids and there's going to 3:57 be less people paying into social 3:59 security 4:00 there could be a problem 4:02 but there are some other truths some 4:04 other good things that can give us 4:06 confidence about social security income 4:09 and make what i said at the beginning of What Do Politicians Want? 4:11 the video true it's probably not going 4:13 anywhere look no matter really what you 4:15 think about politicians we can all agree 4:18 that politicians want votes 4:20 it doesn't matter what side of the aisle 4:22 you're on 4:23 and who votes more than anyone else 4:26 older people people who are depending on 4:29 that social security income 4:31 so 4:32 if the republicans the democrats or any 4:34 politicians let social security income 4:39 go down go away under their watch it 4:42 would dramatically impact their ability 4:44 to earn votes later and based on what 4:47 we've seen through some recent economic 4:49 hardships whether it be the great 4:51 recession that we had or through some of 4:53 this coveted 19 stuff the government's 4:55 pretty much willing to do anything to 4:57 make sure our economy does well and 4:59 they'll change legislation or print 5:01 money however they need to ensure we do 5:04 have money for the things that are 5:06 needed especially if it means they're 5:08 going to get votes so again the answer 5:10 to that question is social security 5:12 income going away no 5:15 but there is cause for concern so now 5:18 we have to understand what we should do 5:20 about it What Can I Do About This? 5:22 now before you go saying social security 5:24 is like a big pile of poo 5:27 there is something that you can do about 5:29 your social security income whether you 5:31 believe it's totally going away or you 5:33 do believe what i said and it's probably 5:35 not going away there's something that 5:36 all of us could and should be doing 5:39 let's go back to the conversation i had 5:40 with my son 5:41 remember the government isn't known for 5:44 managing money well but there are 5:46 investment managers money managers and 5:48 financial planners that do this for a 5:50 living and do it extremely well 5:52 so what should you do you need to take 5:54 action you need to do more than just 5:57 rely on your social security income can 6:00 you plan on social security income being 6:02 there is it going away i think you can 6:04 plan on that i think it should be a part 6:05 of your financial plan but i did tell my 6:08 son in that story i said son social 6:10 security income for the most part even 6:12 now today without the social security 6:15 going away or being diminished the 6:16 amount of money most people get isn't 6:19 really enough 6:20 they have to supplement it with savings 6:23 or investing that they had done in years 6:26 previous to that and that's what you 6:28 need to do 6:29 you need to make sure that you're 6:30 working with a wise and loving 6:32 investment advisor and talking to them 6:35 about your financial goals communicating 6:37 clearly hey this is the lifestyle that i 6:39 want when i retire 6:41 and let's go ahead and consider some 6:43 social security income 6:44 but 6:45 what do i need to do on top of that how 6:48 much do i need to be saving how much do 6:49 i need to be investing and for how long 6:51 do i need to be saving and investing 6:54 to have the income that i want 6:57 when i retire you guys to be honest with 6:59 you i'm not even sure social security 7:01 was designed to be the full retirement 7:04 plan or retirement income for people it 7:06 was probably more designed just to be a 7:08 supplemental thing like a safety measure 7:11 and as a result we should treat it as 7:12 that if all we're relying on is social 7:15 security income and we've got no other 7:17 plan outside of that we're going to be 7:19 in trouble 7:20 we need to be wise 7:21 but our wisest and probably our best 7:24 clients are the ones that when they do 7:26 retire they are having more income from 7:29 their saving and investment strategies 7:32 outside of the income that they have 7:34 with their social security income 7:37 look bottom line guys 7:39 make sure that you're saving you're 7:41 investing and you have a plan with a 7:42 wise and loving advisor 7:44 so that you can have peace and you can 7:46 have confidence about your retirement 7:48 income 7:48 social security income it's probably not 7:51 going anywhere but don't rely on it 7:53 don't allow it to be the only source of 7:55 income when you 7:56 retire so we should do what my son did Your Next Steps 8:01 after i had that conversation with him 8:04 he decided that he wanted to open up an 8:06 investment account and since then he's 8:08 been putting money in there like crazy 8:10 he got a gift from his grandpa 8:13 for christmas and what he did with that 8:15 is put 100 of it into his investment 8:17 account guys open up an investment 8:19 account talk with a wise and loving 8:21 advisor and start putting money away 8:23 just like my son Parker did write three full paragraphs summarizes what you learned.

What is Social Security For? (Story Time) 0:40 and it's a question that people 0:42 genuinely have what's going to happen to 0:44 social security specifically their 0:46 social security income by a certain year 0:48 are we still going to have it do they 0:50 need to do something different and in 0:52 this video i'm going to help answer 0:53 those questions for you 0:55 i'd like to start with a story my son 0:58 parker he's 11 years old recently asked 1:00 me hey dad what's social security and i 1:03 thought to myself what kind of son am i 1:05 raising that's asking questions about 1:07 social security 1:09 at age 11. 1:10 and i said why do you ask he responded 1:13 with well i heard mimi and poppy his 1:14 grandparents talking about it so after 1:16 he responded with that i felt a little 1:18 bit more like a normal parent and i 1:20 began to explain to him that social 1:22 security means a lot of different things 1:24 but the specific thing that his 1:25 grandparents were talking about had to 1:27 do with the income they're receiving 1:29 from social security 1:31 i then asked him to explain to me the 1:33 difference between myself and his 1:36 grandparents we talked about a lot of 1:38 different things but one of the things 1:40 he mentioned is like well dad you're 1:42 stronger and faster and you can run and 1:43 jump and climb and they're older and 1:46 that was a really great example to 1:48 communicate yeah son when you're of a 1:50 certain age you'll earn more money but 1:53 as you age you may lose the ability to 1:56 earn that income and i continue to 1:57 explain to him that this produces a 2:00 problem 2:01 you see if you're not setting money 2:03 aside for your future during those prime 2:05 income earning years well when your 2:07 income is reduced or your income goes 2:09 away you won't have any money to live 2:11 off of you won't be able to maintain the 2:14 lifestyle that you've created for 2:15 yourself 2:16 and he's like oh yeah that sounds pretty 2:19 bad so i shared with him how social 2:21 security income is stepping in to help 2:23 fight that problem i told him that all 2:25 of us are paying into this social 2:28 security fund that's managed and run by 2:30 the government and then the government 2:32 when you reach a certain age will help 2:34 make sure that you do have an income so 2:36 that you can live his response was wow 2:39 that's really cool 2:40 i told him that it was cool on the 2:42 surface but there's some problems with 2:44 it i asked him how good do you think the 2:47 government is at managing people's money 2:50 he said i don't know i'm like can i be 2:52 honest with you 2:53 the government's not very good at 2:55 managing money at all 2:57 it's like but you guys are your company 2:59 is that's what you do you help people 3:00 with their investments and i said we 3:02 sure do bud and although what the 3:04 government is trying to do is 3:06 initially a good idea that they're 3:07 trying to help make sure people have 3:10 money at a certain age 3:12 the danger with it is if they don't do a 3:13 very good job maybe the money could run 3:15 out or other problems could arise and 3:18 we're kind of in that situation now 3:20 he asked well what do we do about this 3:22 dad The Current State of Social Security 3:25 you see the statistics and the data out 3:27 there says that by the year 2033 there 3:30 could be some issues with the money 3:31 that's set aside for social security 3:33 income on top of that families aren't 3:35 having as many children and that means 3:39 less people are going to be paying into 3:41 social security look my mom was one of 3:44 nine i'm one of seven but i only have 3:47 three kids and the person behind the 3:48 camera daniel he has one and may not 3:51 have any more it's true and that's 3:53 becoming a trend in the united states 3:55 there's less kids and there's going to 3:57 be less people paying into social 3:59 security 4:00 there could be a problem 4:02 but there are some other truths some 4:04 other good things that can give us 4:06 confidence about social security income 4:09 and make what i said at the beginning of What Do Politicians Want? 4:11 the video true it's probably not going 4:13 anywhere look no matter really what you 4:15 think about politicians we can all agree 4:18 that politicians want votes 4:20 it doesn't matter what side of the aisle 4:22 you're on 4:23 and who votes more than anyone else 4:26 older people people who are depending on 4:29 that social security income 4:31 so 4:32 if the republicans the democrats or any 4:34 politicians let social security income 4:39 go down go away under their watch it 4:42 would dramatically impact their ability 4:44 to earn votes later and based on what 4:47 we've seen through some recent economic 4:49 hardships whether it be the great 4:51 recession that we had or through some of 4:53 this coveted 19 stuff the government's 4:55 pretty much willing to do anything to 4:57 make sure our economy does well and 4:59 they'll change legislation or print 5:01 money however they need to ensure we do 5:04 have money for the things that are 5:06 needed especially if it means they're 5:08 going to get votes so again the answer 5:10 to that question is social security 5:12 income going away no 5:15 but there is cause for concern so now 5:18 we have to understand what we should do 5:20 about it What Can I Do About This? 5:22 now before you go saying social security 5:24 is like a big pile of poo 5:27 there is something that you can do about 5:29 your social security income whether you 5:31 believe it's totally going away or you 5:33 do believe what i said and it's probably 5:35 not going away there's something that 5:36 all of us could and should be doing 5:39 let's go back to the conversation i had 5:40 with my son 5:41 remember the government isn't known for 5:44 managing money well but there are 5:46 investment managers money managers and 5:48 financial planners that do this for a 5:50 living and do it extremely well 5:52 so what should you do you need to take 5:54 action you need to do more than just 5:57 rely on your social security income can 6:00 you plan on social security income being 6:02 there is it going away i think you can 6:04 plan on that i think it should be a part 6:05 of your financial plan but i did tell my 6:08 son in that story i said son social 6:10 security income for the most part even 6:12 now today without the social security 6:15 going away or being diminished the 6:16 amount of money most people get isn't 6:19 really enough 6:20 they have to supplement it with savings 6:23 or investing that they had done in years 6:26 previous to that and that's what you 6:28 need to do 6:29 you need to make sure that you're 6:30 working with a wise and loving 6:32 investment advisor and talking to them 6:35 about your financial goals communicating 6:37 clearly hey this is the lifestyle that i 6:39 want when i retire 6:41 and let's go ahead and consider some 6:43 social security income 6:44 but 6:45 what do i need to do on top of that how 6:48 much do i need to be saving how much do 6:49 i need to be investing and for how long 6:51 do i need to be saving and investing 6:54 to have the income that i want 6:57 when i retire you guys to be honest with 6:59 you i'm not even sure social security 7:01 was designed to be the full retirement 7:04 plan or retirement income for people it 7:06 was probably more designed just to be a 7:08 supplemental thing like a safety measure 7:11 and as a result we should treat it as 7:12 that if all we're relying on is social 7:15 security income and we've got no other 7:17 plan outside of that we're going to be 7:19 in trouble 7:20 we need to be wise 7:21 but our wisest and probably our best 7:24 clients are the ones that when they do 7:26 retire they are having more income from 7:29 their saving and investment strategies 7:32 outside of the income that they have 7:34 with their social security income 7:37 look bottom line guys 7:39 make sure that you're saving you're 7:41 investing and you have a plan with a 7:42 wise and loving advisor 7:44 so that you can have peace and you can 7:46 have confidence about your retirement 7:48 income 7:48 social security income it's probably not 7:51 going anywhere but don't rely on it 7:53 don't allow it to be the only source of 7:55 income when you 7:56 retire so we should do what my son did Your Next Steps 8:01 after i had that conversation with him 8:04 he decided that he wanted to open up an 8:06 investment account and since then he's 8:08 been putting money in there like crazy 8:10 he got a gift from his grandpa 8:13 for christmas and what he did with that 8:15 is put 100 of it into his investment 8:17 account guys open up an investment 8:19 account talk with a wise and loving 8:21 advisor and start putting money away 8:23 just like my son Parker did write three full paragraphs in no more than 3 sentences each paragraph in a friendly tone summarizes what you learned. writing for 8th grade class

What is Social Security For? (Story Time) 0:40 and it's a question that people 0:42 genuinely have what's going to happen to 0:44 social security specifically their 0:46 social security income by a certain year 0:48 are we still going to have it do they 0:50 need to do something different and in 0:52 this video i'm going to help answer 0:53 those questions for you 0:55 i'd like to start with a story my son 0:58 parker he's 11 years old recently asked 1:00 me hey dad what's social security and i 1:03 thought to myself what kind of son am i 1:05 raising that's asking questions about 1:07 social security 1:09 at age 11. 1:10 and i said why do you ask he responded 1:13 with well i heard mimi and poppy his 1:14 grandparents talking about it so after 1:16 he responded with that i felt a little 1:18 bit more like a normal parent and i 1:20 began to explain to him that social 1:22 security means a lot of different things 1:24 but the specific thing that his 1:25 grandparents were talking about had to 1:27 do with the income they're receiving 1:29 from social security 1:31 i then asked him to explain to me the 1:33 difference between myself and his 1:36 grandparents we talked about a lot of 1:38 different things but one of the things 1:40 he mentioned is like well dad you're 1:42 stronger and faster and you can run and 1:43 jump and climb and they're older and 1:46 that was a really great example to 1:48 communicate yeah son when you're of a 1:50 certain age you'll earn more money but 1:53 as you age you may lose the ability to 1:56 earn that income and i continue to 1:57 explain to him that this produces a 2:00 problem 2:01 you see if you're not setting money 2:03 aside for your future during those prime 2:05 income earning years well when your 2:07 income is reduced or your income goes 2:09 away you won't have any money to live 2:11 off of you won't be able to maintain the 2:14 lifestyle that you've created for 2:15 yourself 2:16 and he's like oh yeah that sounds pretty 2:19 bad so i shared with him how social 2:21 security income is stepping in to help 2:23 fight that problem i told him that all 2:25 of us are paying into this social 2:28 security fund that's managed and run by 2:30 the government and then the government 2:32 when you reach a certain age will help 2:34 make sure that you do have an income so 2:36 that you can live his response was wow 2:39 that's really cool 2:40 i told him that it was cool on the 2:42 surface but there's some problems with 2:44 it i asked him how good do you think the 2:47 government is at managing people's money 2:50 he said i don't know i'm like can i be 2:52 honest with you 2:53 the government's not very good at 2:55 managing money at all 2:57 it's like but you guys are your company 2:59 is that's what you do you help people 3:00 with their investments and i said we 3:02 sure do bud and although what the 3:04 government is trying to do is 3:06 initially a good idea that they're 3:07 trying to help make sure people have 3:10 money at a certain age 3:12 the danger with it is if they don't do a 3:13 very good job maybe the money could run 3:15 out or other problems could arise and 3:18 we're kind of in that situation now 3:20 he asked well what do we do about this 3:22 dad The Current State of Social Security 3:25 you see the statistics and the data out 3:27 there says that by the year 2033 there 3:30 could be some issues with the money 3:31 that's set aside for social security 3:33 income on top of that families aren't 3:35 having as many children and that means 3:39 less people are going to be paying into 3:41 social security look my mom was one of 3:44 nine i'm one of seven but i only have 3:47 three kids and the person behind the 3:48 camera daniel he has one and may not 3:51 have any more it's true and that's 3:53 becoming a trend in the united states 3:55 there's less kids and there's going to 3:57 be less people paying into social 3:59 security 4:00 there could be a problem 4:02 but there are some other truths some 4:04 other good things that can give us 4:06 confidence about social security income 4:09 and make what i said at the beginning of What Do Politicians Want? 4:11 the video true it's probably not going 4:13 anywhere look no matter really what you 4:15 think about politicians we can all agree 4:18 that politicians want votes 4:20 it doesn't matter what side of the aisle 4:22 you're on 4:23 and who votes more than anyone else 4:26 older people people who are depending on 4:29 that social security income 4:31 so 4:32 if the republicans the democrats or any 4:34 politicians let social security income 4:39 go down go away under their watch it 4:42 would dramatically impact their ability 4:44 to earn votes later and based on what 4:47 we've seen through some recent economic 4:49 hardships whether it be the great 4:51 recession that we had or through some of 4:53 this coveted 19 stuff the government's 4:55 pretty much willing to do anything to 4:57 make sure our economy does well and 4:59 they'll change legislation or print 5:01 money however they need to ensure we do 5:04 have money for the things that are 5:06 needed especially if it means they're 5:08 going to get votes so again the answer 5:10 to that question is social security 5:12 income going away no 5:15 but there is cause for concern so now 5:18 we have to understand what we should do 5:20 about it What Can I Do About This? 5:22 now before you go saying social security 5:24 is like a big pile of poo 5:27 there is something that you can do about 5:29 your social security income whether you 5:31 believe it's totally going away or you 5:33 do believe what i said and it's probably 5:35 not going away there's something that 5:36 all of us could and should be doing 5:39 let's go back to the conversation i had 5:40 with my son 5:41 remember the government isn't known for 5:44 managing money well but there are 5:46 investment managers money managers and 5:48 financial planners that do this for a 5:50 living and do it extremely well 5:52 so what should you do you need to take 5:54 action you need to do more than just 5:57 rely on your social security income can 6:00 you plan on social security income being 6:02 there is it going away i think you can 6:04 plan on that i think it should be a part 6:05 of your financial plan but i did tell my 6:08 son in that story i said son social 6:10 security income for the most part even 6:12 now today without the social security 6:15 going away or being diminished the 6:16 amount of money most people get isn't 6:19 really enough 6:20 they have to supplement it with savings 6:23 or investing that they had done in years 6:26 previous to that and that's what you 6:28 need to do 6:29 you need to make sure that you're 6:30 working with a wise and loving 6:32 investment advisor and talking to them 6:35 about your financial goals communicating 6:37 clearly hey this is the lifestyle that i 6:39 want when i retire 6:41 and let's go ahead and consider some 6:43 social security income 6:44 but 6:45 what do i need to do on top of that how 6:48 much do i need to be saving how much do 6:49 i need to be investing and for how long 6:51 do i need to be saving and investing 6:54 to have the income that i want 6:57 when i retire you guys to be honest with 6:59 you i'm not even sure social security 7:01 was designed to be the full retirement 7:04 plan or retirement income for people it 7:06 was probably more designed just to be a 7:08 supplemental thing like a safety measure 7:11 and as a result we should treat it as 7:12 that if all we're relying on is social 7:15 security income and we've got no other 7:17 plan outside of that we're going to be 7:19 in trouble 7:20 we need to be wise 7:21 but our wisest and probably our best 7:24 clients are the ones that when they do 7:26 retire they are having more income from 7:29 their saving and investment strategies 7:32 outside of the income that they have 7:34 with their social security income 7:37 look bottom line guys 7:39 make sure that you're saving you're 7:41 investing and you have a plan with a 7:42 wise and loving advisor 7:44 so that you can have peace and you can 7:46 have confidence about your retirement 7:48 income 7:48 social security income it's probably not 7:51 going anywhere but don't rely on it 7:53 don't allow it to be the only source of 7:55 income when you 7:56 retire so we should do what my son did Your Next Steps 8:01 after i had that conversation with him 8:04 he decided that he wanted to open up an 8:06 investment account and since then he's 8:08 been putting money in there like crazy 8:10 he got a gift from his grandpa 8:13 for christmas and what he did with that 8:15 is put 100 of it into his investment 8:17 account guys open up an investment 8:19 account talk with a wise and loving 8:21 advisor and start putting money away 8:23 just like my son Parker did write three full paragraphs in no more than 3 sentences each paragraph in a friendly tone summarizes what you learned.
write 3 paragraphs summary

What is Social Security For? (Story Time) 0:40 and it's a question that people 0:42 genuinely have what's going to happen to 0:44 social security specifically their 0:46 social security income by a certain year 0:48 are we still going to have it do they 0:50 need to do something different and in 0:52 this video i'm going to help answer 0:53 those questions for you 0:55 i'd like to start with a story my son 0:58 parker he's 11 years old recently asked 1:00 me hey dad what's social security and i 1:03 thought to myself what kind of son am i 1:05 raising that's asking questions about 1:07 social security 1:09 at age 11. 1:10 and i said why do you ask he responded 1:13 with well i heard mimi and poppy his 1:14 grandparents talking about it so after 1:16 he responded with that i felt a little 1:18 bit more like a normal parent and i 1:20 began to explain to him that social 1:22 security means a lot of different things 1:24 but the specific thing that his 1:25 grandparents were talking about had to 1:27 do with the income they're receiving 1:29 from social security 1:31 i then asked him to explain to me the 1:33 difference between myself and his 1:36 grandparents we talked about a lot of 1:38 different things but one of the things 1:40 he mentioned is like well dad you're 1:42 stronger and faster and you can run and 1:43 jump and climb and they're older and 1:46 that was a really great example to 1:48 communicate yeah son when you're of a 1:50 certain age you'll earn more money but 1:53 as you age you may lose the ability to 1:56 earn that income and i continue to 1:57 explain to him that this produces a 2:00 problem 2:01 you see if you're not setting money 2:03 aside for your future during those prime 2:05 income earning years well when your 2:07 income is reduced or your income goes 2:09 away you won't have any money to live 2:11 off of you won't be able to maintain the 2:14 lifestyle that you've created for 2:15 yourself 2:16 and he's like oh yeah that sounds pretty 2:19 bad so i shared with him how social 2:21 security income is stepping in to help 2:23 fight that problem i told him that all 2:25 of us are paying into this social 2:28 security fund that's managed and run by 2:30 the government and then the government 2:32 when you reach a certain age will help 2:34 make sure that you do have an income so 2:36 that you can live his response was wow 2:39 that's really cool 2:40 i told him that it was cool on the 2:42 surface but there's some problems with 2:44 it i asked him how good do you think the 2:47 government is at managing people's money 2:50 he said i don't know i'm like can i be 2:52 honest with you 2:53 the government's not very good at 2:55 managing money at all 2:57 it's like but you guys are your company 2:59 is that's what you do you help people 3:00 with their investments and i said we 3:02 sure do bud and although what the 3:04 government is trying to do is 3:06 initially a good idea that they're 3:07 trying to help make sure people have 3:10 money at a certain age 3:12 the danger with it is if they don't do a 3:13 very good job maybe the money could run 3:15 out or other problems could arise and 3:18 we're kind of in that situation now 3:20 he asked well what do we do about this 3:22 dad The Current State of Social Security 3:25 you see the statistics and the data out 3:27 there says that by the year 2033 there 3:30 could be some issues with the money 3:31 that's set aside for social security 3:33 income on top of that families aren't 3:35 having as many children and that means 3:39 less people are going to be paying into 3:41 social security look my mom was one of 3:44 nine i'm one of seven but i only have 3:47 three kids and the person behind the 3:48 camera daniel he has one and may not 3:51 have any more it's true and that's 3:53 becoming a trend in the united states 3:55 there's less kids and there's going to 3:57 be less people paying into social 3:59 security 4:00 there could be a problem 4:02 but there are some other truths some 4:04 other good things that can give us 4:06 confidence about social security income 4:09 and make what i said at the beginning of What Do Politicians Want? 4:11 the video true it's probably not going 4:13 anywhere look no matter really what you 4:15 think about politicians we can all agree 4:18 that politicians want votes 4:20 it doesn't matter what side of the aisle 4:22 you're on 4:23 and who votes more than anyone else 4:26 older people people who are depending on 4:29 that social security income 4:31 so 4:32 if the republicans the democrats or any 4:34 politicians let social security income 4:39 go down go away under their watch it 4:42 would dramatically impact their ability 4:44 to earn votes later and based on what 4:47 we've seen through some recent economic 4:49 hardships whether it be the great 4:51 recession that we had or through some of 4:53 this coveted 19 stuff the government's 4:55 pretty much willing to do anything to 4:57 make sure our economy does well and 4:59 they'll change legislation or print 5:01 money however they need to ensure we do 5:04 have money for the things that are 5:06 needed especially if it means they're 5:08 going to get votes so again the answer 5:10 to that question is social security 5:12 income going away no 5:15 but there is cause for concern so now 5:18 we have to understand what we should do 5:20 about it What Can I Do About This? 5:22 now before you go saying social security 5:24 is like a big pile of poo 5:27 there is something that you can do about 5:29 your social security income whether you 5:31 believe it's totally going away or you 5:33 do believe what i said and it's probably 5:35 not going away there's something that 5:36 all of us could and should be doing 5:39 let's go back to the conversation i had 5:40 with my son 5:41 remember the government isn't known for 5:44 managing money well but there are 5:46 investment managers money managers and 5:48 financial planners that do this for a 5:50 living and do it extremely well 5:52 so what should you do you need to take 5:54 action you need to do more than just 5:57 rely on your social security income can 6:00 you plan on social security income being 6:02 there is it going away i think you can 6:04 plan on that i think it should be a part 6:05 of your financial plan but i did tell my 6:08 son in that story i said son social 6:10 security income for the most part even 6:12 now today without the social security 6:15 going away or being diminished the 6:16 amount of money most people get isn't 6:19 really enough 6:20 they have to supplement it with savings 6:23 or investing that they had done in years 6:26 previous to that and that's what you 6:28 need to do 6:29 you need to make sure that you're 6:30 working with a wise and loving 6:32 investment advisor and talking to them 6:35 about your financial goals communicating 6:37 clearly hey this is the lifestyle that i 6:39 want when i retire 6:41 and let's go ahead and consider some 6:43 social security income 6:44 but 6:45 what do i need to do on top of that how 6:48 much do i need to be saving how much do 6:49 i need to be investing and for how long 6:51 do i need to be saving and investing 6:54 to have the income that i want 6:57 when i retire you guys to be honest with 6:59 you i'm not even sure social security 7:01 was designed to be the full retirement 7:04 plan or retirement income for people it 7:06 was probably more designed just to be a 7:08 supplemental thing like a safety measure 7:11 and as a result we should treat it as 7:12 that if all we're relying on is social 7:15 security income and we've got no other 7:17 plan outside of that we're going to be 7:19 in trouble 7:20 we need to be wise 7:21 but our wisest and probably our best 7:24 clients are the ones that when they do 7:26 retire they are having more income from 7:29 their saving and investment strategies 7:32 outside of the income that they have 7:34 with their social security income 7:37 look bottom line guys 7:39 make sure that you're saving you're 7:41 investing and you have a plan with a 7:42 wise and loving advisor 7:44 so that you can have peace and you can 7:46 have confidence about your retirement 7:48 income 7:48 social security income it's probably not 7:51 going anywhere but don't rely on it 7:53 don't allow it to be the only source of 7:55 income when you 7:56 retire so we should do what my son did Your Next Steps 8:01 after i had that conversation with him 8:04 he decided that he wanted to open up an 8:06 investment account and since then he's 8:08 been putting money in there like crazy 8:10 he got a gift from his grandpa 8:13 for christmas and what he did with that 8:15 is put 100 of it into his investment 8:17 account guys open up an investment 8:19 account talk with a wise and loving 8:21 advisor and start putting money away 8:23 just like my son Parker did write three full paragraphs summary for 8th grade

What is Social Security For? (Story Time) 0:40 and it's a question that people 0:42 genuinely have what's going to happen to 0:44 social security specifically their 0:46 social security income by a certain year 0:48 are we still going to have it do they 0:50 need to do something different and in 0:52 this video i'm going to help answer 0:53 those questions for you 0:55 i'd like to start with a story my son 0:58 parker he's 11 years old recently asked 1:00 me hey dad what's social security and i 1:03 thought to myself what kind of son am i 1:05 raising that's asking questions about 1:07 social security 1:09 at age 11. 1:10 and i said why do you ask he responded 1:13 with well i heard mimi and poppy his 1:14 grandparents talking about it so after 1:16 he responded with that i felt a little 1:18 bit more like a normal parent and i 1:20 began to explain to him that social 1:22 security means a lot of different things 1:24 but the specific thing that his 1:25 grandparents were talking about had to 1:27 do with the income they're receiving 1:29 from social security 1:31 i then asked him to explain to me the 1:33 difference between myself and his 1:36 grandparents we talked about a lot of 1:38 different things but one of the things 1:40 he mentioned is like well dad you're 1:42 stronger and faster and you can run and 1:43 jump and climb and they're older and 1:46 that was a really great example to 1:48 communicate yeah son when you're of a 1:50 certain age you'll earn more money but 1:53 as you age you may lose the ability to 1:56 earn that income and i continue to 1:57 explain to him that this produces a 2:00 problem 2:01 you see if you're not setting money 2:03 aside for your future during those prime 2:05 income earning years well when your 2:07 income is reduced or your income goes 2:09 away you won't have any money to live 2:11 off of you won't be able to maintain the 2:14 lifestyle that you've created for 2:15 yourself 2:16 and he's like oh yeah that sounds pretty 2:19 bad so i shared with him how social 2:21 security income is stepping in to help 2:23 fight that problem i told him that all 2:25 of us are paying into this social 2:28 security fund that's managed and run by 2:30 the government and then the government 2:32 when you reach a certain age will help 2:34 make sure that you do have an income so 2:36 that you can live his response was wow 2:39 that's really cool 2:40 i told him that it was cool on the 2:42 surface but there's some problems with 2:44 it i asked him how good do you think the 2:47 government is at managing people's money 2:50 he said i don't know i'm like can i be 2:52 honest with you 2:53 the government's not very good at 2:55 managing money at all 2:57 it's like but you guys are your company 2:59 is that's what you do you help people 3:00 with their investments and i said we 3:02 sure do bud and although what the 3:04 government is trying to do is 3:06 initially a good idea that they're 3:07 trying to help make sure people have 3:10 money at a certain age 3:12 the danger with it is if they don't do a 3:13 very good job maybe the money could run 3:15 out or other problems could arise and 3:18 we're kind of in that situation now 3:20 he asked well what do we do about this 3:22 dad The Current State of Social Security 3:25 you see the statistics and the data out 3:27 there says that by the year 2033 there 3:30 could be some issues with the money 3:31 that's set aside for social security 3:33 income on top of that families aren't 3:35 having as many children and that means 3:39 less people are going to be paying into 3:41 social security look my mom was one of 3:44 nine i'm one of seven but i only have 3:47 three kids and the person behind the 3:48 camera daniel he has one and may not 3:51 have any more it's true and that's 3:53 becoming a trend in the united states 3:55 there's less kids and there's going to 3:57 be less people paying into social 3:59 security 4:00 there could be a problem 4:02 but there are some other truths some 4:04 other good things that can give us 4:06 confidence about social security income 4:09 and make what i said at the beginning of What Do Politicians Want? 4:11 the video true it's probably not going 4:13 anywhere look no matter really what you 4:15 think about politicians we can all agree 4:18 that politicians want votes 4:20 it doesn't matter what side of the aisle 4:22 you're on 4:23 and who votes more than anyone else 4:26 older people people who are depending on 4:29 that social security income 4:31 so 4:32 if the republicans the democrats or any 4:34 politicians let social security income 4:39 go down go away under their watch it 4:42 would dramatically impact their ability 4:44 to earn votes later and based on what 4:47 we've seen through some recent economic 4:49 hardships whether it be the great 4:51 recession that we had or through some of 4:53 this coveted 19 stuff the government's 4:55 pretty much willing to do anything to 4:57 make sure our economy does well and 4:59 they'll change legislation or print 5:01 money however they need to ensure we do 5:04 have money for the things that are 5:06 needed especially if it means they're 5:08 going to get votes so again the answer 5:10 to that question is social security 5:12 income going away no 5:15 but there is cause for concern so now 5:18 we have to understand what we should do 5:20 about it What Can I Do About This? 5:22 now before you go saying social security 5:24 is like a big pile of poo 5:27 there is something that you can do about 5:29 your social security income whether you 5:31 believe it's totally going away or you 5:33 do believe what i said and it's probably 5:35 not going away there's something that 5:36 all of us could and should be doing 5:39 let's go back to the conversation i had 5:40 with my son 5:41 remember the government isn't known for 5:44 managing money well but there are 5:46 investment managers money managers and 5:48 financial planners that do this for a 5:50 living and do it extremely well 5:52 so what should you do you need to take 5:54 action you need to do more than just 5:57 rely on your social security income can 6:00 you plan on social security income being 6:02 there is it going away i think you can 6:04 plan on that i think it should be a part 6:05 of your financial plan but i did tell my 6:08 son in that story i said son social 6:10 security income for the most part even 6:12 now today without the social security 6:15 going away or being diminished the 6:16 amount of money most people get isn't 6:19 really enough 6:20 they have to supplement it with savings 6:23 or investing that they had done in years 6:26 previous to that and that's what you 6:28 need to do 6:29 you need to make sure that you're 6:30 working with a wise and loving 6:32 investment advisor and talking to them 6:35 about your financial goals communicating 6:37 clearly hey this is the lifestyle that i 6:39 want when i retire 6:41 and let's go ahead and consider some 6:43 social security income 6:44 but 6:45 what do i need to do on top of that how 6:48 much do i need to be saving how much do 6:49 i need to be investing and for how long 6:51 do i need to be saving and investing 6:54 to have the income that i want 6:57 when i retire you guys to be honest with 6:59 you i'm not even sure social security 7:01 was designed to be the full retirement 7:04 plan or retirement income for people it 7:06 was probably more designed just to be a 7:08 supplemental thing like a safety measure 7:11 and as a result we should treat it as 7:12 that if all we're relying on is social 7:15 security income and we've got no other 7:17 plan outside of that we're going to be 7:19 in trouble 7:20 we need to be wise 7:21 but our wisest and probably our best 7:24 clients are the ones that when they do 7:26 retire they are having more income from 7:29 their saving and investment strategies 7:32 outside of the income that they have 7:34 with their social security income 7:37 look bottom line guys 7:39 make sure that you're saving you're 7:41 investing and you have a plan with a 7:42 wise and loving advisor 7:44 so that you can have peace and you can 7:46 have confidence about your retirement 7:48 income 7:48 social security income it's probably not 7:51 going anywhere but don't rely on it 7:53 don't allow it to be the only source of 7:55 income when you 7:56 retire so we should do what my son did Your Next Steps 8:01 after i had that conversation with him 8:04 he decided that he wanted to open up an 8:06 investment account and since then he's 8:08 been putting money in there like crazy 8:10 he got a gift from his grandpa 8:13 for christmas and what he did with that 8:15 is put 100 of it into his investment 8:17 account guys open up an investment 8:19 account talk with a wise and loving 8:21 advisor and start putting money away 8:23 just like my son Parker did write three full paragraphs summary for 5th grade