Why I Trust Dividends More Than Social Security

In this video I tell you why I think that everyone needs to be a dividend investor and why I trust and value my dividend income so much more than the income I’ll get from social security.

John’s Reviews https://www.youtube.com/channel/UCmdG2gNTStTp6_nDSEL3tDg

0:00 Intro
0:31 Social Security background
1:38 Most people aren’t financially literate
2:44 Investing Ponzi Scams
3:06 A reason I value dividends more than social security
3:17 why you need dividends in retirement
3:30 T Roe Price study on retirement plans
4:51 Omnibus Spending Bill (Retirement Secure Act 2.0)
6:28 Reasons why people don’t invest
7:18 Charles Schwab study on investing obstacles
7:45 Benefits to dividend investing over social security
8:00 Comparisons of dividends to social security
8:31 Insights into income of people age 65+
9:05 Total cost of Social Security
9:11 More reasons I prefer dividends
9:26 A key problem with social security
9:37 Another reason dividends are better: my growing dividend income
10:05 Reasons why social security is running out of money
11:25 Why social security being depleted isn’t the end of the world
11:55 Dividends have issues, too
12:09 Another bad thing about social security
12:31 How a gridlocked Congress affects things
13:01 Social security payroll taxes
13:20 More reasons I prefer dividends
13:45 More problems with social security/advantages to dividends
15:00 Why I’m ok paying into social security
15:22 Another reason some don’t like social security
15:30 More differences between dividends and social security
16:00 Closing

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Attributions/SEO/Useful Links:
https://www.marketwatch.com/picks/this-is-the-no-1-source-of-income-for-millions-of-older-americans-and-that-may-pose-a-problem-01670453291?siteid=yhoof2
https://www.bls.gov/cex/tables/calendar-year/mean-item-share-average-standard-error/reference-person-age-ranges-2021.pdf
https://www.health.harvard.edu/blog/why-life-expectancy-in-the-us-is-falling-202210202835#:~:text=With%20rare%20exceptions%2C%20life%20expectancy,just%20over%2076%2C%20in%202021.
https://www.troweprice.com/content/dam/retirement-plan-services/pdfs/insights/CCON0020242_C8.pdf
catch-up contributions
secure act 2.0
retirement changes in new congressional bill
https://www.aarp.org/retirement/social-security/info-2020/10-myths-explained.html
https://finance.yahoo.com/news/big-changes-to-the-retirement-system-are-included-in-congresss-end-of-year-bill-182514621.html
https://www.appropriations.senate.gov/imo/media/doc/JRQ121922.PDF
https://www.bankrate.com/retirement/average-monthly-social-security-check/

Disclaimer: I am not a financial adviser. These videos are for entertainment, inspiration, and educational purposes only. Investing of any kind involves risk. I am only sharing my opinion with no guarantee of gains or losses on investments. Please consult an appropriate adviser and do your own research before making any decisions on anything. I am not responsible or liable for any actions you take. The data shared may be inaccurate.

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