Retirement Roadmap

Beyond the Check: Reimagining Retirement When Social Security Isn't Enough

Mark Fricks Season 3 Episode 19

Social Security has reached a milestone with the average check surpassing $2,000 monthly for the first time in June 2025, but this achievement highlights serious concerns about retirement security in America.

• Maximum benefit for those claiming at age 70 will be $5,108 per month
• Social Security was designed to replace only about 40% of pre-retirement income
• Cost of living adjustments are designed to lag behind actual inflation rates
• Nearly 90% of people over 65 receive benefits, with 40% relying on it for half their income
• One in seven seniors depend on Social Security for over 90% of their income
• The U.S. has the highest elder poverty rate among G7 countries
• Social Security Trust Fund projected to be depleted by 2032-2033
• Without congressional action, benefits could be cut by approximately 21%
• Women are especially vulnerable due to lower lifetime earnings and longer lifespans
• Healthcare costs continue to rise dramatically for retirees

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Have a topic or question you'd like Mark and Evan to address in a future episode? Email us at info@masterplanretire.com or call 770-980-9262.

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Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants.  The aforementioned are affiliated companies.

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