Retirees need more than Uncle Sam's help in order to survive...

Uncle Sam's Retirement Plan Isn't Good Enough By Pete Carmasino, chief market strategist, Chaikin Analytics Retirees need more than Uncle Sam's help in order to survive... In 2021, the Social Security Administration ("SSA") paid out over $1 trillion to recipients. And that number is about to grow even bigger... You see, SSA issues a cost-of-living adjustment ("COLA") each year. It's 5.9% in 2022 – the biggest annual increase in about 40 years. It will boost SSA's total payout by almost $80 billion. That's great news for folks on Social Security. But it will further deplete the dwindling trust accounts that fund the program. Even worse, the COLA doesn't cover actual cost-of-living increases. The Consumer Price Index ("CPI") – a gauge for the costs of goods and services – is up 7% year over year. Folks, Uncle Sam's retirement plan for Americans is hurting. So it's more important than ever for you to take matters into your own hands... Recommended Links: Make this ONE move today (Feb. 1st) With the S&P 500 down more than 5% in January, there's no telling what's going to happen to stocks in February and beyond. That's why it's so important to have a plan in place – right now. Take this simple step today that could have a massive impact on your wealth in 2022... and help you sleep soundly at night. Details here. The Signs Are Clear: THIS Type of Market Crash Is Coming It's actually much bigger and more important than what happens to the Nasdaq or S&P 500. Some of the world's best investors are practically drooling in anticipation. Because this crash will create a slew of 100%-plus opportunities... backed by legal protections that stocks can only dream of. A top analyst believes this could happen within months – and you must prepare now. Get the full story here. Now, I'm not against the Social Security benefit itself. I'm just worried about its sustainability, especially after such a massive spending spike this year. Most of the folks on Social Security benefits need this money to survive. It's "put food on the table" type of income. We're not talking about a small group of Americans, either. Nearly nine out of 10 people ages 65 and older receive Social Security benefits. And according to SSA, these benefits make up about 30% of these folks' total income. The problem is... the money is running out. The Board of Trustees' 2021 annual report noted that the program has paid out more than it has collected in every year since 2010. And it gets worse... That isn't expected to change for the next 75 years. It's a huge problem because the report also said that Social Security's reserves will be depleted by 2034. At that point, the trusts will act as a conduit. Money will flow in as the working population pays its taxes. And it will immediately go back out to fund recipients' benefits. However, as things stand right now, the taxes being collected at that point will only fund about 78% of the costs. So to put it bluntly... we're hosed. Of course, we don't know exactly how everything will play out. Some type of reform could occur. Heck, a group of politicians could even get together and take it away altogether. My point is, you need to realize that Uncle Sam can't support everyone. You must take matters into your own hands before it's too late... Save for retirement. More specifically, invest in your retirement. Don't fall into the trap of thinking you have all the time in the world to start investing. And please, don't rely on Social Security as your fail-safe plan. Even if everything works out, you'll still need to be invested in the stock market and other investments to retire comfortably. Remember, you only get one chance to do it right... So don't count on Uncle Sam. Fund your own retirement. And if Social Security is still pumping out income when your time comes, consider yourself lucky. Good investing, Pete Carmasino Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 +1.13% 7 20 3 S&P 500 +1.77% 70 350 77 Nasdaq +3.20% 9 70 20 Small Caps +3.03% 170 1164 526 Bonds -0.52% Consumer Discretionary +3.85% 1 38 21 — According to the Chaikin Power Bar, Small Cap stocks are more Bearish than Large Cap stocks. Major indexes are mixed. *  *  *  * Top Movers Gainers ENPH +13.41% SEDG +12.33% NFLX +11.13% TSLA +10.68% XLNX +8.77% Losers LHX -4.29% K -3.46% CTXS -3.42% CF -3.14% PFE -3.02% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close XOM CB BEN, CTLT, PHM, SWK, UPS AMD, ARE, BR, EA, GILD, GOOGL, PKI, SBUX, TECH, WAT IPGP, PNR AMCR, MTCH, PYPL No earnings reporting today. Earnings Surprises NXPI NXP Semiconductors N.V. Q4 $3.30 Beat by $0.29 TT Trane Technologies plc Q4 $1.36 Beat by $0.05 ARE Alexandria Real Estate Equities, Inc. Q4 $0.58 Beat by $0.02 OTIS Otis Worldwide Corporation Q4 $0.72 Beat by $0.02 LHX L3Harris Technologies, Inc. Q4 $3.30 Beat by $0.03 *  *  *  * Sector Tracker Sector movement over the last 5 days Energy +4.77% Information Technology +4.41% Financial +1.96% Health Care +1.73% Communication +1.65% Utilities +1.57% Discretionary +1.30% Real Estate +0.83% Materials +0.43% Staples +0.34% Industrials -0.99% *  *  *  * Industry Focus Mining Services 0 24 8 Over the past 6 months, the Mining subsector (XME) has underperformed the S&P 500 by -5.32%. Its Power Bar ratio, which measures future potential, is Very Weak, with more Bearish than Bullish stocks. It is currently ranked #20 of 21 subsectors and has moved down 12 slots over the past week. Indicative Stocks MUX McEwen Mining Inc. KALU Kaiser Aluminum Corp CDE Coeur Mining, Inc. *  *  *  * Chaikin Analytics LLC is not registered as a securities broker-dealer or advisor either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. Chaikin Analytics does not recommend the purchase of any stock or advise on the suitability of any trade. The information presented is generic in nature and is not to be construed as an endorsement, recommendation, advice or any offer or solicitation to buy or sell securities or any kind, but solely as information requiring further research as to suitability, accuracy and appropriateness. Users bear sole responsibility for their own stock research and decisions. Read the full disclaimer at https://www.chaikinanalytics.com/disclaimer. You have received this e-mail because you subscribed to PowerFeed, published by Chaikin Analytics. To stop receiving PowerFeed daily, click to unsubscribe. 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