Money Wisdom: Will the Recession Affect Social Security?

Money Wisdom

NEW HAVEN, Conn. (WTNH) — We’re educating you about smart ways to manage your money.

Joining us is Eric Hogarth, Certified Financial Planner and Johnson Brunetti Partner to discuss recession affecting your social security.

A recession can have a financial impact on social security. In the Great Recession of 2007 – 2009, the number of men taking social security early increased as unemployment increased.

Hogarth shares three helpful tips:

  1. During recessions people tend to claim Social Security earlier
  2. High unemployment reduces payroll tax revenue
  3. If people claim social security early, it could have a lasting financial impact for life

Today’s Free Offer: Understanding the Benefits 2020

To learn more Money Wisdom tips, click here.

Johnson Brunetti’s goal is to take the fear out of your financial future and give you confidence in what lies ahead.

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About Johnson Brunetti
Johnson Brunetti is an independent Retirement and Investment Specialty firm with neighborhood offices located throughout Connecticut and Massachusetts. Our firm was built based on the foundations of integrity, trustworthiness and creating a sense of confidence for our clients as they approach their retirement years.

Founded in 2003, the firm has grown to a staff of over 35. Joel Johnson, CFP® and our team of experienced professionals have helped and guided over 3,500 families through the retirement planning process.

We offer complete services to address all of our client’s financial priorities:

  • Retirement Planning
  • Estate Planning
  • Asset Management
  • 401K Guidance
  • Wealth Protection
  • Long-Term Care Insurance Options

                   
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.

Johnson Brunetti is a sponsor of WTNH Money Wisdom.

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