Social Security can feel like one of those complicated systems that everyone pays into but few truly understand. Between rumors that it’s “running out,” confusion about when to start claiming, and mixed advice from every corner, it’s no wonder so many people feel uncertain.In this episode of Compounding Change, host Shannon Davis switches seats with her sister, Jenna Stoliker, as Jenna takes over the host role for a candid discussion on what Social Security really is, who it helps, and how timing matters. Together, they walk through what determines the right age to claim, why “it depends” is the only honest answer, and how personal health, family needs, and other income sources all play a role.They also dive into the repeal of the Windfall Elimination Provision (WEP) and what that means for firefighters and others in public service who once faced reduced benefits. Shannon outlines how working while receiving Social Security affects your checks, what happens when ex-spouses and survivors enter the picture, and how benefits can be paused, recalculated, or delayed to create more flexibility.With practical examples and years of experience helping first responders plan their futures, Shannon shows how small, informed decisions today can compound into lasting financial stability.Key Takeaways:– Social Security isn’t just a bonus; it’s the foundation of retirement income for millions.– Claiming early or waiting longer changes your benefit and long-term impact.– The Windfall Elimination Provision repeal restores fairness for many public servants.– Working while collecting doesn’t erase your benefit; it just affects timing.– Spousal and ex-spousal benefits come with key eligibility details.– Your top 35 earning years determine your Social Security calculation.– Benefits can be paused or increased after full retirement age.– Create your SSA account at ssa.gov to protect and understand your benefits.– A thoughtful plan combines Social Security, pensions, and personal savings.– Expert guidance can help turn confusion into clarity and confidence.The Compounding Change Podcast is brought to you by Jenna Stoliker at https://jennastoliker.com/Chapters00:57– Introduction02:00 - Personal Confusion05:20 – What Social Security Really Is08:09 – When to Start Claiming11:01 – How Firefighters and Public Servants Are Affected13:25 – The WEP Repeal16:51 – Working While Receiving Benefits20:45 – Mid-Year Retirement and Monthly Testing21:59 – Is Social Security Going Broke?23:28 – Spousal and Ex-Spousal Benefits28:19– Can You Reverse Your Decision?31:40– How Social Security Fits with Pensions and 457Bs34:14 – Next Steps for Compounding ChangeHelpful Links:Social Security Website: https://www.ssa.gov/Jenna Stoliker: https://jennastoliker.com/Shannon Davis: https://www.daviscompoundingchange.com/---------Discussions in this show should not be construed as specific recommendations or investment advice. Always...

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