Episode
What Actually Happens When Social Security "Goes Broke"?
- Podcast
- It's All Money
- Published
- Jun 6, 2025
- Duration seconds
- 1982
- Processing state
not_requested
Actions
POST https://stenobird.com/v1/public/podcasts/it-s-all-money-6950266/episodes/what-actually-happens-when-social-security-goes-broke/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/it-s-all-money-6950266/what-actually-happens-when-social-security-goes-broke.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Everybody knows ‘Social Security is going to go broke’...but is it? A Social Security discussion often becomes a political one, and a key question often gets ignored for a retiree- what functionally happens to the check I get every month when Social Security “goes broke”? Would you be surprised to find out you will likely still get a check? In this episode focused on retirees (and not politics), Sonoma Wealth Managing Principal Daren Blonski CFP® and Marketing Director Dano Weir are joined by Certified National Social Security Advisor Clay Dunkle CFP® on the realities of what Social Security might look like for a retiree after 2035. What’s inside this episode is not what you’ve heard in your newsfeed. We hope you find it educational and informational. 0:00 How does Social Security even work? 5:10 Why Social Security is now having problems 6:40 What happens when the Social Security Trust hits $0? 10:38 Social Security by the numbers 11:41 How could the government fix the problem? 14:18 Next tax bill's impact on Social Security 17:11 The Windfall Elimination Provision 19:25 Should you even plan for it to be there? 22:51 How do we help clients with Social Security? 25:00 When are you going to die? 26:11 Other ways the government could fix the problem 27:07 Should you take it early or later? Take Sonoma Wealth's Free Wealth Analysis right here: https://sonomawealthadvisors.com/ Videos available on our YouTube Channel: https://www.youtube.com/playlist?list=PLaOjL6z16wjV2_CTStzc36Y5JtiwhVoGJ ________________________ Disclosure: Fermata Advisors LLC is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This content was produced by Fermata Advisors, LL…