Social Security Claiming Tips for Unique Situations

30/01/2025 24 min Temporada 1
Social Security Claiming Tips for Unique Situations

Listen "Social Security Claiming Tips for Unique Situations"

Episode Synopsis

Social Security claiming strategies can vary greatly depending on family dynamics. This episode explores how different family situations, such as those with a stay-at-home spouse or a blended family, can impact when and how to claim Social Security benefits to maximize your retirement income. Discover how small adjustments can lead to successful retirement planning, and learn about the newly passed Social Security Fairness Act. Explore strategies for single and dual-income households, blended families, and special considerations for those with disabilities. Social Security should not be viewed in isolation but as part of a holistic retirement strategy that includes investments, tax planning, and more. With the recent changes brought by the Social Security Fairness Act, it's more important than ever to stay informed. Here's what we discuss in this episode: 0:00 – Intro 2:25 – Social Security Fairness Act 5:42 – Single income households 8:11 – Dual income households 12:11 – Special considerations for blended families 15:06 – Why you need a Social Security plan going in 16:55 – SSDI vs. SSI 21:19 – Let your advisor know your life circumstances, it matters   Get in touch: Phone: 661-775-3704 Book an appointment with us: http://bookachatwithjohn.net   Get in touch with us: https://mearsmoney.com/   Watch the Podcast on YouTube: https://bit.ly/3PmcOPM