WILL SOCIAL SECURITY & MEDICARE RUN OUT OF MONEY? FORMER WHITE HOUSE INSIDER WEIGHS IN

AUSTIN, Texas, April 11, 2023 /PRNewswire/ -- At the end of March, the Social Security and Medicare Board of Trustees issued their annual report, revealing that these programs are projected to run out of money within a decade. Edmund Moy, former White House aide, 38th Director of the U.S. Mint (2006?2011), and U.S. Money Reserve's Senior IRA Strategist, offered his insights on the situation.

Watch this video to learn more.

According to the trustees' report, Medicare will not be able to pay full benefits to all beneficiaries starting in 2031, and Social Security will not be able to pay full benefits starting in 2033. "The bad news is that in 10 years or less, both programs won't have enough money to pay full benefits," Moy says, adding, "Unless these programs are fixed, the percentage paid to beneficiaries will keep going down over time. Only Congress can fix these programs, but they're caught between a rock and a hard place."

Moy says beneficiaries of these programs may wish to look for other income sources for retirement. From his experience in government, Moy knows that changing the current trajectory of these programs could be tricky. "One solution is to take control over your retirement, like with a precious metals IRA, because it is a self-directed IRA, and you own the physical gold in your precious metals IRA."

Learn more insights from Moy on U.S. Money Reserve's website: https://www.usmoneyreserve.com/news/executive-insights/

For more information or to speak with company leadership at U.S. Money Reserve, please contact Christol Farris at 512-568-9991 or [email protected] or visit www.usmoneyreserve.com.

About U.S. Money Reserve

U.S. Money Reserve is one of the nation's largest private distributors of U.S. government?issued gold, silver, platinum, and palladium products.

Founded in 2001, U.S. Money Reserve has grown into one of the world's largest private distributors of U.S. and foreign government?issued gold, silver, platinum, and palladium legal-tender products, as well as precious metals IRAs. Hundreds of thousands of clients across the country rely on U.S. Money Reserve to diversify their assets with physical precious metals.

U.S. Money Reserve's uniquely trained team includes coin research and numismatic professionals equipped with the expert market knowledge to find products that offer the highest profit potential for precious metals buyers at every level. U.S. Money Reserve goes above the industry standard to provide superior customer service, with the goal of establishing a long-term relationship with each and every one of its customers. U.S. Money Reserve is based in Austin, Texas.

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Contact: Christol Farris
[email protected]
512-568-9991

Or visit www.usmoneyreserve.com

SOURCE U.S. Money Reserve