Today’s Hack
Staying informed about Social Security changes is crucial for maximizing your benefits, and recent legislation will change benefits for a significant number of Americans. Today we’re going to bring you up to speed on the Social Security Fairness Act and explain how this legislation will be retroactive to 2024, potentially offering a financial windfall for affected retirees.
After that, we’re going to dive into some different family situations and unique scenarios that change the strategy for when to claim your Social Security benefits. We’ll talk about things like dual-income households and how previous marriages play into your Social Security decisions.
There’s a lot to cover on today’s show and you don’t want to miss out, make sure to tune in and learn about some strategies to help you maximize your benefit!
Here’s some of what we discuss in this episode:
0:00 – Intro
0:48 – The Social Security Fairness Act
5:42 – Claiming strategies
10:22 – Strategies for dual-income households
14:03 – Previous marriages
18:31 – SSDI and SSI
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.
Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome