2815: Social Security - Planning For It or Not In Your Future by Amanda of Women Who Money on Retirement Savings

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 1 August 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2815: Amanda from WomenWhoMoney.com delves into the complexities of Social Security, addressing concerns about its future, how to estimate and maximize benefits, and the impact of potential legislative changes. She emphasizes the importance of proactive retirement planning, suggesting that Social Security should be considered a bonus rather than a primary source of income. Read along with the original article(s) here: https://womenwhomoney.com/social-security-planning-your-future/ Quotes to ponder: "Depending on your age, Social Security could play a significant role in your retirement finances as you grow older." "The Social Security Board of Trustees expects to be able to pay 100% of benefits through 2035." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If just thinking about your bills makes you feel confused and disorientated,
0:05.0	like your head is full of Raspberry,
0:08.0	then you need Monzo.
0:10.0	Download your new favorite bank and pay bills from custom pots.
0:15.0	Money never felt like Monzo.
0:18.0	UK residents, T's and C supply.
0:21.0	This is optimal finance daily.
0:24.0	Social security, planning for it or not in your future.
0:28.0	By Amanda of Women Who Money.com.
0:30.8	And I'm your host and personal finance enthusiast Diana Merriam.
0:35.0	For now, let's get right to it and continue optimizing your life.
0:39.0	Social Security, planning for it or not in your future.
0:47.0	By Amanda of Women Who Money.com.
0:50.5	No matter when you retire, you want to know what role Social Security will play in your financial future.
0:56.0	Will it go away? How much can you expect?
0:59.0	When should you start benefits?
1:01.0	When Social Security started in 1935, it was created to provide
1:05.9	support for workers and their families who could no longer work due to age, disability
1:10.4	or death. It's comprised of the Old Age and Survivors Insurance Program for
1:15.6	retired workers, their families, and survivors of deceased workers, and the
1:19.7	disability insurance program for disabled workers and their families.
1:24.0	Today, it remains a primary source of income for many retirees and aging Americans.
	...

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