Will Social Security Run Out of Money? Expert Explains. Is Social Security really running out? Despite alarming headlines, Social Security is not vanishing—even after the projected 2033 trust fund depletion. In this video, financial advisor Amy Shepard of Sensible Money joins FinStream TV Co-Founder Bob Powell to explain what the Social Security 2033 changes really mean and how Americans can prepare.

Here’s what you need to know:

Even without the trust fund surplus, ongoing payroll taxes will still cover 75–80% of promised benefits.

Historical precedent, like the 1983 reforms, suggests the system will be adjusted—not eliminated.

Likely changes include:

Gradual retirement age increases for younger generations.

Elimination of the $168,000 payroll tax cap for high earners.

Expanded taxation of Social Security benefits.

Amy Shepard notes that political gridlock makes it likely that Congress will wait until the last moment—around 2030–2033—before implementing any significant reform.

Other key takeaways:

Life expectancy has risen dramatically since 1940, putting pressure on the system

Complete elimination of the program is politically unrealistic.

Changes will affect different income brackets differently.

Planning Tip: Those concerned about future benefits should explore diversified retirement income strategies. For tips, check out our guide on retirement planning basics.

Understanding the Social Security 2033 changes is crucial for making informed retirement decisions. Watch the full video to answer the question; Will Social Security Run Out of Money?

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