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Social Security Spousal Benefit in Retirement
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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss Social Security spousal benefits. Social Security is a complex subject, and today, we're diving into the intricacies of spousal benefits. What are they? How do they work? And what strategies can be utilized to maximize these benefits? To help us navigate this important topic, we are joined by Heather Schreiber, a consultant with a wealth of knowledge about Social Security. Heather's expertise will help you understand the nuances of Social Security spousal benefits, which is crucial for making informed decisions about your retirement planning.
Listen in to learn about the different scenarios and strategies for Social Security spousal benefits. We’ll cover the impact of age differences between spouses, the timing of benefit claims, and the financial implications of these decisions. Whether you are nearing retirement or helping a loved one plan for it, understanding these benefits can significantly affect your financial security. We also discuss the importance of consulting with experts to navigate the many rules and changes in Social Security.
In this episode, find out:
· How Social Security spousal benefits work and their eligibility criteria.
· The impact of claiming Social Security benefits at different ages.
· Strategies for maximizing Social Security spousal benefits.
· The importance of the higher wage earner delaying benefits.
· How survivor benefits are calculated and their significance.
Tweetable Quotes:
· "Social Security is a big part of many people's retirement planning, accounting for about 30% of their expected income." - Heather Schreiber
· "It's crucial to have experts in your corner to navigate Social Security's complex rules and ensure you make the right decisions." - Radon Stancil
Resources:
If you are in or nearing retirement and want to gain clarity on what questions you should be asking, learn about the biggest retirement myths, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.
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