Harnessing the Power of Social Security

Navigating an Abundant Retirement with Carol Dewey

Episode Summary:

In this episode of Navigating an Abundant Retirement Radio, Carol Dewey delves into the intricacies of maximizing your Social Security benefits. She covers essential strategies and key elements to help you harness the power of Social Security, ensuring a more financially secure retirement. Carol also explores spousal, ex-spousal, and survivor benefits, as well as the impact of working during retirement and potential future changes to the Social Security program.

Key Takeaways:

1. Maximizing Social Security Benefits: Strategies to maximize your Social Security benefits by understanding the system, working longer, and delaying filing.
2. Spousal and Ex-Spousal Benefits: Eligibility and benefits available for spouses, ex-spouses, and widows/widowers.
3. Working During Retirement: The impact of working while receiving Social Security benefits and how it affects your payments.
4. Future of Social Security: Potential changes and the importance of preparing for a possible reduction in benefits.

Quotes:

• "Harnessing the power of Social Security means fully preparing yourself for retirement."
• "Be your own best advocate and know your worth."
• "Retirement is your reward for decades of hard work, careful planning, and financial discipline."

Timestamps:

• (01:23) Importance of Social Security in Retirement
• (02:28) Elements of Harnessing the Power of Social Security
• (04:45) Full Retirement Age and Benefits
• (07:09) Spousal, Ex-Spousal, and Survivor Benefits
• (11:19) Working During Retirement and Social Security Taxation
• (13:06) Future of Social Security and Potential Changes

Referenced Links:

• Perpetual Wealth Financial

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Connect With Carol:

• Website: Perpetual Wealth Financial
• LinkedIn: Carol Dewey