The National Debt and Your Retirement Plan

Mark Byelich |
Categories
Webinars

How national debt affects retirement savings

The national debt is a growing concern for many Americans, especially those planning for retirement. In this Tuesday weekly webinar, host Mark Byelich discusses the potential impact of the national debt on retirement planning and offers practical strategies for managing risk and ensuring financial security.

What is the National Debt?

  • Explanation of the national debt as the total amount of money owed by the federal government
  • Steady increase in recent years and historic levels reached in 2023
  • Ongoing COVID-19 pandemic exacerbating the situation

Risks and Potential Impacts

  • Potential changes to Social Security benefits due to funding pressures
  • Potential tax increases and inflation affecting retirees’ income and savings

Managing Risk: Strategies for Retirement Planning

  • Diversifying retirement savings across different types of investments (stocks, bonds, real estate) to reduce exposure to risk
  • Considering alternative sources of retirement income (annuities, rental property) to ensure a steady stream of income regardless of potential changes to Social Security or other retirement benefits
  • Staying informed and adjusting retirement planning as needed

The national debt is a significant concern for retirement planning, but it’s important to understand the potential risks and take steps to manage them. While changes to Social Security and tax increases are possible, diversifying your investments and exploring alternative sources of income can help reduce your exposure to risk and ensure financial security. By staying informed and adjusting your retirement planning as needed, you can help ensure a comfortable retirement even in the face of potential economic challenges.

Each Tuesday at 10 a.m. (except Tuesdays that follow Market Holidays), I hold a Live Webinar where I discuss recent headlines, IRA and retirement planning issues from the Ed Slott Group, market updates and analyst reports, and a timely Financial Planning strategy or technique.

In this week’s webinar I discuss: The national debt and your retirement plan!

Each webinar is indexed so you can jump to the section that interests you most or watch the entire broadcast.

I hope you find this webinar informative and helpful.

You can access other recordings of past Weekly Webinars and recordings of past Special Webinars on our website at https://attleborowealt.wpengine.com/weekly-webinars-82322 and https://attleborowealt.wpengine.com/webinars

Also, stay tuned for our Special Webinars that we hold throughout the year.

Please don’t hesitate to email us with any questions you have or if you’d like to schedule an appointment with us. You can reach us at questions@attleborowealth.com.

Visit our website: https://attleborowealt.wpengine.com

The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.

Attleboro Wealth Management, LLC is a Registered Investment Adviser. This program is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Attleboro Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Attleboro Wealth Management, LLC unless a client service agreement is in place.

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0:00 – Introduction & Upcoming
05:45 – Market update, Slott update, Mail bag
32:08 – The Financial 15: The National Debt and Your Retirement Plan