This is a season of new beginnings. We celebrate the New Year. We seek forgiveness from those whom we have wronged. We conclude the annual cycle of Torah reading and begin the process anew.

Just as this season encourages us to renew our spiritual lives, it is also an excellent opportunity to review and renew our financial condition. Taking the first step is easy — simply schedule a Complimentary Financial Consultation. In these 45-minute conversations, we review your financial goals, assess your progress, project your retirement income and work with you to adjust your financial plans so you can achieve your goal. See our article for more information and sign-up today!

The Social Security Trustees recently released their annual review of the financial status of the program. The report shows that the trust fund supporting Social Security is projected to run out of money in 2033, one year sooner than last year. At that point, the program will only be able to pay 76% of benefits. While the Trustees blame the pandemic for a more rapid deterioration in Social Security's finances, Congress has yet to address the structural problems facing the program. Learn more about Social Security's future in our summary of the Trustees report.

Finally, I want to share a video on compound interest I recently saw. This simple, but often misunderstood concept underlies your ability to reach your financial goals. It also speaks to the importance of starting early in order to build financial security.

Please contact us to set up a Financial Consultation or to discuss any aspect of your overall financial security. Send us an email with your question or call 888-JRB-FREE (572-3733).

Moadim L'Simha,