When Is Social Security Going To Run Out?

The better question is what this actually means for your benefits. The trust fund is an account built from past payroll taxes that supplement Social Security’s payouts, and current projections show it could be depleted by 2034. At that point, Social Security would be funded only by incoming payroll taxes, which today would cover about 80% of scheduled benefits – unless Congress steps in.

In his video, Planning for the Future of Social Security, Director of Advanced Planning Tim Steffen explains what the latest projections from the Social Security 2025 Trustee Report really mean, what solutions are on the table and how people who are in or nearing retirement should think about their benefits. He also covers when to claim Social Security and why the “right” timing depends on your overall financial plan.

Watch Tim’s video – then reach out to your Baird Financial Advisor to review your claiming options and request a personalized Social Security analysis.

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