In this episode, Hannah Chapman, CFP, APMA, CRPC, explores two very intriguing topics that were inspired by her listeners. First, a discussion about the Social Security mechanics that are causing many to worry about a future deficit. Then, Hannah explains infinite banking through whole life term insurance, and helps you understand if it's right for you. Tune in to learn more: What employees, employers, and business owners contribute to Social Security How much money Social Security is taking in vs paying out What is the Social Security trust fund? What happens if you take SS out while you are working Defining “infinite banking” The differences between whole and term life insurance policies A unique aspect of whole life insurance that allows you to loan yourself money Pros and cons of infinite banking Link to SSA document that was referenced in the show: https://www.ssa.gov/policy/trust-funds-summary.html#:~:text=Sources%20of%20Trust%20Fund%20Income,2023%2C%20which%20their%20employers%20match. We want your questions! Please send them to [email protected] and we will discuss them in our next episode Connect with Hannah here: X² Wealth Planning Website: https://x2wealthplanning.com/ Instagram: https://www.instagram.com/hannah.chapman.cfp Facebook: https://www.facebook.com/hannahchapmanfinancialadvisor/ LinkedIn: https://www.linkedin.com/in/hannahrchapman/ Expansive CEO Website: https://expansiveceo.com/freegift