350: Maximizing Your Social Security Benefit and Retirement Risks in the 2020s with Bob Carlson

Retire With Purpose - The Retirement Podcast

Casey Weade

Education, Self-improvement, Business, Investing

4.7 • 564 Ratings

🗓️ 6 March 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today, I'm talking to Bob Carlson–America's #1 retirement expert. Bob is the editor of Retirement Watch, a senior contributor to Forbes, and a member of the Board of Trustees of the Fairfax County Employees Retirement System.

He's written several highly influential books, including The Essential Guide to Retiring in the 2020s, and Where's My Money?: Secrets to Getting the Most Out Of Your Social Security.

In this conversation, Bob and I get into the risk factors that can potentially derail your retirement at the last minute, the obstacles making retiring in the 2020s more challenging than they were in the early 2000s, and what you can do to minimize money stress and have a successful retirement.

We then set aside quite a bit of time to answer your burning questions about Social Security, including how to maximize your lifetime benefits, manage longevity risks, and how to plan for a future in which Social Security itself is set to run out of money in 2033.

GET A FREE COPY OF BOB'S BOOK, THE ESSENTIAL GUIDE TO RETIRING IN THE 2020s or WHERE'S MY MONEY?: SECRETS TO GETTING THE MOST OUT OF YOUR SOCIAL SECURITY.

Here's all you have to do...

● Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes.
● Step 2.) Text BOOK, that's B-O-O-K to 866-482-9559 for a link to our book request page, complete the form and we will ship you the book for free. It's that simple!

In this podcast interview, you'll learn:

How to find good financial advice–and sniff out writers who don't have real expertise.
What makes the 5 years before you retire so critical.
Why retirement planning is getting more and more complicated every decade.
How to avoid having to choose between spending less early into retirement or risking running out of money later on.
Resources and tools you can use to get a better sense of your unique financial situation.

Show Notes: Howardbailey.com/350

Rate & Review the Podcast: RetireWithPurpose.com/review

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Transcript

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0:00.0	You know, many people, they just look at that big number of how much money do I have to accumulate.
0:05.6	And that's their focus.
0:07.3	So they, you know, just try to save and get high investment returns.
0:10.9	But really, you need to focus on just improving your finances a little bit each day or each week,
0:17.6	whether it's finding a new tax strategy or looking at your Medicare plan or anything
0:23.5	else. So small incremental improvements are a lot better over time than just trying to get some
0:30.6	big picture goal or aspect of your finances. Hello and welcome to the Retire of Purpose podcast.
0:47.0	This is Casey Weed, wherever you might be consuming this, Facebook live, you might be here with us right now, maybe on YouTube.
0:54.1	Maybe you're consuming it in one of the
0:56.0	dozen different podcast mediums out there. Welcome to the show. This is going to be an awesome
1:01.2	show that I cannot wait to share with you. We've got some great giveaways and insights, but most of all,
1:07.6	this is an amazing opportunity for you to integrate yourself with one of our
1:11.7	world-class guests. Today we have with us, financial editor, author and speaker, Bob Carlson,
1:18.1	the one and only, also known as America's number one retirement expert. So could we get a better
1:22.8	retirement expert on the show? I don't know. I think we've got the number one in the country, maybe the
1:29.1	world. You've probably heard of Bob in the past. If you've been a subscriber for a weekend
1:34.5	reading email, that email that hits your inbox every single Friday. You don't have it. Sign up for
1:40.4	it now. We have individuals all over the world that have signed up for that, and you're going to
1:45.5	receive four articles on trending topics, initial signups, get a copy of my book, Job Optional. Get yourself
1:51.6	signed up, and you'll have the option to also submit questions for our guests before our
1:57.0	interviews, which we have a ton of great questions that came in today. And you've seen a lot of
2:02.1	his articles actually featured in our weekend reading for retirees email series. That's where I was
	...

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