Social Security Wahala: Experts Give Advice for Ghana Retirees
Colaboradores
Social Security concerns dey rise for Ghana, especially sake of global inflation and rising cost of living. Two experts drop important advice give retirees so dem fit manage their money well.
Jean Chatzky's Advice for Retirees
Financial journalist Jean Chatzky dey advise retirees make dem no rely solely on Social Security. She dey point out say average monthly income no dey enough for all their needs. She dey suggest:
- Avoid Credit Card Debt: Credit card interest dey chop plenty money, making am hard to save for retirement.
- Invest for the Future: Consider retirement plans like 401(k)s or IRAs (Individual Retirement Accounts). Contribute regularly so the money fit grow.
- Keep Working: If you dey healthy, continue to work while receiving Social Security benefits so you fit increase your income. But deductions go apply to your payments o!
Economist's Prediction for Social Security Under Trump
Economist Chuck Warren dey predict possible changes to Social Security. He dey say, privatizing Social Security be dream for Republicans for long time. If Trump enter White House again with Republican majority, dem fit try privatize am. Warren dey warn say, although privatizing fit bring higher returns, e dey come with market risks and e fit undermine the income guarantee side of Social Security.
E dey important for Ghanaians wey dey plan for retirement to consider these advice and predictions so dem fit prepare well for their future. Inflation and policy changes dey affect Social Security, so plan wisely!