MoneyWise


Social Security Fix

March 11, 2019

You’ve been hearing the grim reports for years now: Social Security is headed for big trouble as Baby Boomers retire and folks live longer. But could a bill that’s wending its way through Congress be just the fix that’s needed? The Social Security 2100 Act was first introduced in 2014 and then again in 2017, but never received a vote. So now the bill, that supporters say could keep Social Security in the black indefinitely, may have new life. On this Moneywise Live, Rob West and Steve Moore have details. 

Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If your home is 40 years old and paid for and you need to spend about $25,000 to upgrade the windows bathrooms, how should you pay for it?
  • If you and your wife have been married less than a year and you’re looking at your first life insurance policy, should you follow your agent's recommendation to get a whole life policy?
  • If your first house is now a rental and has 13 more years left on the mortgage, should you should sell it or continue to own it as a rental property?
  • If you've calculated that if you apply your current tithe to your mortgage payment, you'll save $35,000 in interest and pay it off in 2 years, why shouldn't you do it?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.  You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.  And if you'd like to help, just go to the website and click the Donate tab at the top of the page.