During his campaign, President Trump promised not to cut Social Security or Medicare benefits and proposed eliminating federal taxes on Social Security distributions—a move that could benefit millions of retirees. But how realistic is this plan, and what are the potential consequences?

In this video, we’ll unpack the history of Social Security taxation, analyze the impact of Trump's proposal, and explore alternative ideas from figures like Vivek Ramaswamy, JD Vance, and Elon Musk. With rising concerns about the Social Security trust fund's solvency, is economic growth really the ultimate solution?

#SocialSecurity #RetirementPlanning #PersonalFinance #Trump2024 #FinancialFreedom #SocialSecurityBenefits #TaxReform #EconomicGrowth #RetirementSavings #FinancialPlanning

00:00-Intro

01:06-Trump's Plan for Social Security Taxation

02:40-Vivek Ramaswamy Proposed Changes to Social Security

06:05-Elon Musk Proposed Changes to Social Security

07:45-5 Proposals to Fix Social Security

14:30-What This Means for Your Benefits

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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

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