News Summary

• Social Security trust fund could be depleted by early 2033, triggering 23% across-the-board benefit cuts for all recipients.
• Marcia Mantell, president of Mantell Retirement Consulting, discussed the implications of the 2025 Social Security trustees report on the "Decoding Retirement" podcast.
• Mantell advised "planning much earlier" and saving more if you can, particularly if you're in your 20s.
• A 20-year-old earning $100,000 today could face a net present value loss of $800,000 over their lifetime if they retire at 70.