2.4 • 671 Ratings
🗓️ 2 June 2022
⏱️ 36 minutes
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0:00.0 | If you've ever wanted an introduction to Social Security with just straight facts and no nonsense, |
0:04.8 | stick around for this, the 25th episode of the Retirement Planning Education Podcast. |
0:12.4 | Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs, |
0:18.5 | employer retirement plans, taxes, social security, Medicare, |
0:22.6 | portfolio withdrawal strategies, annuities, estate planning, and much more. And now here's your host, |
0:28.8 | Andy Panko. All right, welcome, welcome, everyone. Thank you, as always, for listening. We got a |
0:33.4 | fun one today. I'll be talking about social security. Huge topic. I'm going to break it down and |
0:40.0 | consider this the intro to social security. I'll give you some background, some facts and |
0:45.2 | figures, the basics of the system. And in future episodes, I'll dig more into specifics that |
0:51.5 | you're probably interested about, such as when should I take Social |
0:55.7 | Security, that's probably the most common question they get about Social Security, and also |
0:59.4 | explain some other things about survivor benefits, spousal benefits, benefits for children, and |
1:04.9 | some other things to consider, as well as taxation, maybe it might get into that. So I haven't quite |
1:08.9 | specced out exactly how many episodes this |
1:11.7 | will be. Today is definitely an intro. We'll see how the time's going. If it's much longer than a |
1:15.5 | half hour after I'm running through this, I'll stop and cut the rest to another one. But future |
1:20.0 | episodes nonetheless will be just so you know, again, things like when should I take Social |
1:23.7 | Security or, you know, deeper dive into some of the things we'll talk about today. |
1:28.0 | Today is really just an intro, fairly high level. |
1:31.6 | Social Security has a sweet spot in my heart because it's really what brought me into doing retirement planning. |
1:37.9 | For, you know, for those of you don't know, the almost 20 years prior to me starting this, this, my retirement planning business, I was in |
1:45.0 | corporate and institutional investment banking. Still working around investments, worked in |
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