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Real Estate News: Real Estate Investing Podcast

Don’t get caught off guard by market crashes that can take all your money down with them. And don’t miss out on markets where you can build wealth practically overnight. Real Estate News for Investors with Kathy Fettke is the premiere source for savvy real estate investors who want the edge. Stay up-to-date on new laws, regulations, and economic events that affect real estate. Topics include: market trends, economic analysis that affects housing prices, updates on the best rental markets for investing in single-family rentals or multi-unit rentals, turn-key housing standards, the fate of the highly revered 1031 exchange and other tax law affecting investors, self-directed IRA investing and 401k changes, where rents and property values are rising or falling, flipping risks, new Dodd-Frank rules regarding private lending and financing standards, areas with job losses vs job growth, areas that are overbuilt or over-supplied versus areas with low supply and high demand, and how to avoid real estate scams. We'll bring you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And we'll help you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. We'll share all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions. Host Kathy Fettke is Co-CEO of the Real Wealth Network, author of Retire Rich with Rentals and host of the Real Wealth Show on iTunes. She brings decades of media and real estate investing experience, offers her own viewpoints on particular topics, and taps into her network of real estate experts for real world news updates created just for investors like you. Get the real news on real estate on The Real Estate News For Investors Show!
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Apr 7, 2016

If you're close to retirement, I’m sure you’ve already mapped out your financial plan with Social Security benefits in mind. But changes taking place right now are a big warning that you can't rely on entitlements like Social Security.

Hi, I'm Kathy Fettke and this is Real Estate News for Investors.

As part of the Bipartisan Budget Act of 2015, lawmakers closed several so-called "unintended loopholes" in the Social Security rules.

A Time article reported last year that trust funds for Social Security and Medicare could run out by 2034. One article in the Huffington Post said that retirees could see steep cuts "this year". The Heritage organization warns of insolvency by 2035.

So where does the money come from?

12.4% of a worker’s wage goes into the Social Security Trust Fund. Typically, an employee pays 6.2% and the employer pays the other 6.2%. Self-employed people pay the entire 12.4% amount. This deduction only applies to the first $90,000 worth of income. So people making six-digit salaries or more, only pay 12.4% on the first $90,000. That's it.

This money not only pays for retirement and spousal benefits, it also pays for disability insurance, veterans' benefits, unemployment insurance and food stamps.

Last year, the trust fund paid out $70 billion dollars more than it collected and the deficit is expected to grow until the trust fund is depleted, in the not too distant future. That's without any intervention strategies such as a tax increase on people with higher salaries or by cutting benefits and increasing the retirement age. Doing nothing will surely leave the program and it’s beneficiaries high and dry within a relatively short amount of time.

So what do we do to protect ourselves? You have to take your retirement into your own hands!

Consider hard assets that don't disappear overnight and generate passive income for life.

For the full transcript: www.NewsForInvestors.com

The post #041 – Social Security Depleted in 13 Years appeared first on Real Wealth Show | Real Estate Investing | Turnkey Rental Property | Cash Flow | Notes | Private Lending | Flipping | Wholesaling.

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