Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

15: What Women Need to Know About Social Security

15: What Women Need to Know About Social Security

FromTake Back Retirement


15: What Women Need to Know About Social Security

FromTake Back Retirement

ratings:
Length:
32 minutes
Released:
Mar 30, 2021
Format:
Podcast episode

Description

Social Security is the foundation for every retirement income plan, and it seems really simple: you hit retirement age then turn around and start getting your money. In fact, the benefits you can reap are actually much more powerful than most people think; however, it’s also a more complicated topic than many of us realize. In this episode, we highlight several important points that women specifically need to know about Social Security (while going down a rabbit hole or two along the way!). Listen in and learn the factors that make the Social Security experience different for men and women, and what to know if you’re not working for pay, are divorced, or a widow. Finally, we answer the question: Is it true that Social Security is going bankrupt? Key Topics: Breaking down the complications of Social Security (2:36) How the Social Security experience is different for men and women (3:59) Why is it important to check your earnings record? (07:11) Must-knows about Social Security taxes (9:28) What do you get from your Social Security if you don’t work outside the home? (11:40) What about divorced women? (13:17) What about widows? (15:51) Three important dates to note down (17:08) Considerations around claiming benefits before full retirement age (18:15) Why the government may withhold some of your benefits (22:30) Paying income tax on your Social Security (24:14) Addressing concerns around Social Security solvency (27:58)   If you like what you’ve been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com You can find the transcript and more information about this episode at www.takebackretirement.com. Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.
Released:
Mar 30, 2021
Format:
Podcast episode

Titles in the series (89)

You’re a woman on the cusp of “retirement” naturally feeling some anxiety. We are two financial planners who take this subject seriously (but ourselves less so). We will help you feel more confident about your choices by cutting through the myths and mysteries. Through conversations and interviews with both subject-experts and women who have gone through what you are approaching, you will have the correct information and motivation to be in control of your future.