As the owner of a financial planning firm that has helped hundreds of families plan their retirement, it’s clear that many people overlook how Social Security can fit into their financial and income planning puzzle - and there’s a lot of misinformation out there.

A lot of so-called "financial advisors" or CPAs don’t educate their clients about the pros, cons and specific options that are available to you. As a result, few people know how to truly utilize it to hedge against longevity, healthcare costs, and inflation.

To make matters worse, Social Security won't give you advice. If you say a wrong word, you're setting yourself up to lose tens - if not hundreds - of thousands of dollars. That’s why you need to know how to invest, get out efficiently, and avoid feeling like you need to constantly beat the market. In short, I want you to create a game plan with a purpose - which is what today’s episode is all about.

In this podcast interview, you’ll learn:

• Why a law that took effect in 2016 made us change many of our clients' financial plans - and what we can do to make sure your Social Security stays funded.
• What you should be looking for in a financial advisor to help you manage your retirement - especially as you approach the age at which you have to begin taking withdrawals.
• The many issues caused by filing early - and how to maximize your withdrawal for the long term.

 

Interview Resources

• The Heartful Retirement
• Ed Slott's Elite IRA Advisor Group
• Get What's Yours: The Secrets to Maxing Out Your Social Security