Ballooning national debt and the risk to retirees

Published: April 10, 2021, 1 p.m.

b"On this week's Money Matters, Scott and Pat discuss the reasons why America\\u2019s rapidly growing debt could hurt retirees.\\nScott and Pat advise a caller with $3 million in savings about keeping a long-term care insurance policy. A retired public employee asks how the Windfall Elimination Provision will affect his Social Security benefit. A caller with $4 million in retirement savings asks if he needs an annuity. Scott and Pat speak with a duplex owner, making $130,000 a year, about potentially selling his property. Finally, a caller asks if he should invest in cryptocurrency.\\nAsk a question by clicking\\xa0here, or email Scott and Pat at\\xa0questions@moneymatters.com.\\nDownload and rate our podcast\\xa0here."