Big Beautiful Bill Explained: Cuts To Security

VIDEO TRANSCRIPTION – Big beautiful bill explained cuts to Social Security. But once again, I won’t explain how the billionaires are going to get this $300 million tax break.

Hi, I’m Steven D. Cooper, also known as Coach Coop, with Coopers Accounting Service, because your financial freedom matters. If you’d to learn more, great tax tips, download our popular financial guide at our website, yourfinancialfreedommatters.com, or click on the link below.

Now we are going to dev into Social Security. And it’s Big Beautiful Bill. You’re going to have certain people, as I sit down and talk to my clients, we’re telling them don’t wait to apply for Social Security later. You may not get any of it. Most of you that are, I’m 59. 

I’ve already told myself and as I tell clients that I have never planned on getting Social Security. Why? Because once we get a Republican president and Republican Congress, they’re going to change the format. In this big beautiful bill, they changed the format. In this example, let’s say that you’re going to get awarded $4,000 a month for Social Security. 

Well, they may potentially cut 25 % of that off, or $1,000. So instead of you getting $4,000 a month, you’re going to get $3,000 a month. I’m also going to explain the topic that I use for our clients, the sandwich generation. That’s when people like us, we take care of our parents, we’re also taking care of our children slash grandchildren. That’s what a sandwich generation is.

Most of you may not heard that sociological term, but you are facing it every day. So when you are trying to help your elders or grandparents and a thousand dollars is taken out of a month that’s going to impact you economically as well too. 

We want you to be aware of the potential of what’s going to be going on. And for those of y’all not aware of this, these laws were going to affect December of this year. So they will impact you next year.

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If you like a free 20-minute smart money consultation, call us at 562-436-2600. Well again, I’m Steven D. Cooper, also known as Coach Coop with Coopers Accounting Service. 

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