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Will social security run out?

You may see the alarming note on your latest social security statement saying that projected levels are not enough to sustain payouts after 2035. Combined with the news of massive budget deficits, a rapidly slowing economy, a shrinking labor force, and rising health and living costs make up a perfect storm where benefits will need to be cut during the time when it's most needed. However, Congress knows that social security is the most popular social benefit sustaining more than half of retirees nationally, there is motivation to keep this program lasting. The Social Security office warns of a 13% cut to benefits by 2037 as there are only 76% of funds left to cover all benefits. Alternatively

How will the markets perform in this election?

This market is no stranger to volatility and it’s never been less so than in the month ahead of a Presidential election. In 2016, when Hilary Clinton was the expected winner, stock futures dived 5.5% that evening only to reverse higher later. Traders will be waiting and willing to make markets move again this cycle. Should we expect a similar event in this November election or can we count on a continued bull market no matter who wins? The S&P 500 is 5% higher than the start of the year and 49% higher than March 23 low. The quick recovery from what was the most dramatic decline in recent memory gives thanks to the leverage allowed to derivative traders and low-interest rates. Derivatives are

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Eureka Wealth Management is a registered investment adviser in the State of California. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment advisory services. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.