Shownotes Transcript
This is MUST LISTEN presentation for everyone yet to claim Social Security and/or survivor benefits, and otherwise learn how to maximize your benefits. MaryBeth Franklin, author of Maximizing Social Security Retirement Benefits), shares her expertise in this interview with Paul Merriman and answers a number of viewer questions. This presentation is part of Financial Literacy Month, sponsored by the Bainbridge Community Foundation) (https://bainbridgecf.org/)) and The Merriman Financial Education Foundation (https://paulmerriman.com/the-merriman-financial-education-foundation/))
You’ll learn: • How claiming age affects the amount of Social Security benefits received by retirees and their surviving spouses; • How earnings from a job can reduce benefits if claimed before full retirement age • Strategies to reverse early claiming decisions and create larger future benefits.
Links mentioned in the presentation:
Mary Beth interview with retirement researcher Wade Pfau, titled, “Retirement income strategies for 2022 and beyond”: https://retirement-repair-shop-with-mary-beth-franklin.simplecast.com/episodes/retirement-income-strategies-for-2022-and-beyond-DeARkylF)
Mary Beth interview with Joe Elsasser, founder of Covisum, discussing Social Security’s solvency, possible reforms, taxes and benefit strategies. Covisum has a free calculator to help people make better decisions on when to start taking Social Security. https://www.investmentnews.com/podcasts/retirement_repair_shop_mbf/joe_elsasser)
Here is a link to her book, Maximizing Social Security Retirement Benefits):www.maximizingsocialsecuritybenefits.com)* Which covers: *– The ABC's of claiming Social Security – How Social Security benefits are taxed – What survivors need to know to maximize their benefits – What claiming strategies are disappearing for most new retirees – How recent changes to Social Security claiming rules affect married couples and divorced spouses – Plus, much more including new rules & strategies to help maximize benefits