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PROSPERITY PUB MARKET TALK The Clock Is Ticking on Social Security’s Solvency Social Security's future has been a hot topic lately, especially since the latest projections have shown some changes in its financial forecast. Originally, the trust fund that supports Social Security was expected to run low by 2034, which would mean it could only cover about 80% of its scheduled benefits from incoming taxes. But now, thanks to some updates in calculations and a few policy tweaks, we've bought ourselves a bit more time — a year to be exact — till 2035. It's a small win, but it gives us a little breathing room. This new deadline of 2035 is critical because without any new changes to the law, Social Security would only be able to pay out 75% of the promised benefits from then on. This is huge, especially for folks in retirement or who will be nearing retirement at that time, as it will completely change the types of plans they’ll need to make for post-employment budgeting. The main reason for this squeeze? More and more people are reaching retirement age, and there aren't enough younger workers paying into the system to keep up. There have been a bunch of ideas thrown around to fix this, like upping the payroll tax rate, pushing back the age when people can start collecting benefits, and tweaking the benefits themselves. If you're worried about how all this might affect your future, it's super important to keep an eye on what's happening with these proposals and think about how you might want to adjust your own savings plans. Exploring different ways to diversify your retirement funds and other investment options might be a smart move to protect yourself against the possibility of smaller Social Security checks. The good news? This extra year before the trust fund's projected depletion gives the government more time to find solutions. — The Prosperity Pub Team Stop Leaving Money on the Table! Gold is hot this year! And despite the recent breather it’s taken… a rest, it’s projected to continue rising… But if you’re buying and holding gold, you could be leaving money on the table! It’s true! While gold is projected to continue rising… there’s a much better way to trade it! This trader’s strategy spots a potential 50% trade EVERY SINGLE WEEK! SCOTT WELSH’S TICKER TALES JPM Chasing a Breakout As we mentioned in the last email, suddenly banking stocks are back in style. After pockets of extreme worry, traders and institutions feel like it’s okay to get back in. The water’s fine. And JPM has been rising lately–it’s almost to its breakout point. Here’s the chart: JPM has been very strong this year, and after a brief dip, is looking like it’s ready for another run. A break above $200.95 could lead to further gains. We’ll keep an eye on it. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. |
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ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. |
Now it's up as much as 20,469%! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ...
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