Learn what President Trump’s new signed proclamation on Social Security means for seniors and retirees, including the promise of no more taxes on benefits. Learn about the improvements, risks, and long-term challenges that will decide the future of Social Security.
In today's update, we cover Social Security reform, Trump’s proclamation, and what it means for seniors, retirees, and future workers. Learn about the 90th anniversary of Social Security, Trump’s claim of eliminating taxes on benefits, improvements to customer service, fraud prevention efforts, and the debate over the “One Big Beautiful Bill.” The discussion explains why wait times have been shortened, why taxes on benefits matter, how fraud claims are being addressed, and the risks of insolvency by the 2030s. It also looks at the bigger economic ties to tariffs, stock markets, and retirement planning, as well as criticism over long-term funding and possible cuts. This impacts retirees including SSI (Supplemental Security Income), SSDI (Social Security Disability Insurance), survivors, VA, and spousal benefits. You’ll come away understanding the renewal, reform, and risks shaping the future of Social Security.
TABLE OF CONTENTS
0:00 – Trump’s Social Security Proclamation
2:00 – Service Improvements and Fraud Prevention
4:15 – The “No More Taxes” Promise
5:00 – Risks to Social Security’s Future
6:28 – Public Opinion and What’s Next
7:53 – Final Thoughts
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Money Instructor has been a leading resource in financial education for over two decades, empowering people with essential topics in financial literacy. Our coverage spans personal finance, money management, saving money, budgeting, investing, business fundamentals, taxes and taxation, Social Security, retirement planning, tax credits and refunds, economic stimulus checks and payments, as well as debt management—including credit card debt and interest rates. Additionally, we explore monetary policy, inflation, housing market trends, government legislation, political news, stock market dynamics, economic trends, improving credit scores, career development, housing and rent issues, and strategies for wealth building. We help ensure you are well-informed and updated with the latest news and developments in these areas.
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Money Instructor does not provide tax, legal, investing, or financial advice. This content is for general informational and educational purposes only and not meant as professional advice. Consult your own advisors for specific guidance. The information provided may not reflect the most current legal or financial developments. Viewers are encouraged to verify the currency of the information.
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