Social Security can feel like one of those complicated systems that everyone pays into but few truly understand. Between rumors that it’s “running out,” confusion about when to start claiming, and mixed advice from every corner, it’s no wonder so many people feel uncertain.

In this episode of Compounding Change, host Shannon Davis switches seats with her sister, Jenna Stoliker, as Jenna takes over the host role for a candid discussion on what Social Security really is, who it helps, and how timing matters. Together, they walk through what determines the right age to claim, why “it depends” is the only honest answer, and how personal health, family needs, and other income sources all play a role.

They also dive into the repeal of the Windfall Elimination Provision (WEP) and what that means for firefighters and others in public service who once faced reduced benefits. Shannon outlines how working while receiving Social Security affects your checks, what happens when ex-spouses and survivors enter the picture, and how benefits can be paused, recalculated, or delayed to create more flexibility.

With practical examples and years of experience helping first responders plan their futures, Shannon shows how small, informed decisions today can compound into lasting financial stability.

Key Takeaways:

– Social Security isn’t just a bonus; it’s the foundation of retirement income for millions.

– Claiming early or waiting longer changes your benefit and long-term impact.

– The Windfall Elimination Provision repeal restores fairness for many public servants.

– Working while collecting doesn’t erase your benefit; it just affects timing.

– Spousal and ex-spousal benefits come with key eligibility details.

– Your top 35 earning years determine your Social Security calculation.

– Benefits can be paused or increased after full retirement age.

– Create your SSA account at ssa.gov to protect and understand your benefits.

– A thoughtful plan combines Social Security, pensions, and personal savings.

– Expert guidance can help turn confusion into clarity and confidence.

The Compounding Change Podcast is brought to you by Jenna Stoliker at https://jennastoliker.com/

Chapters

00:57– Introduction

02:00 - Personal Confusion

05:20 – What Social Security Really Is

08:09 – When to Start Claiming

11:01 – How Firefighters and Public Servants Are Affected

13:25 – The WEP Repeal

16:51 – Working While Receiving Benefits

20:45 – Mid-Year Retirement and Monthly Testing

21:59 – Is Social Security Going Broke?

23:28 – Spousal and Ex-Spousal Benefits

28:19– Can You Reverse Your Decision?

31:40– How Social Security Fits with Pensions and 457Bs

34:14 – Next Steps for Compounding Change

Helpful Links:

Social Security Website: https://www.ssa.gov/

Jenna Stoliker: https://jennastoliker.com/

Shannon Davis: https://www.daviscompoundingchange.com/

---------

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. 

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance. 

The Compounding Change Podcast is brought to you by Jenna Stoliker at https://jennastoliker.com/

Some acts of compassion begin quietly, with no spotlight, no plan, and no guarantee that anything will come of them. Yet those moments often plant the seeds for real transformation. Small acts, leading to big change.

In this episode of Compounding Change, host Shannon Davis talks with Erin Riegle, co-founder of Linc Worldwide, a nonprofit organization that grew from a simple Facebook fundraiser into a global mission helping children and families across Kenya.

Together, they explore how Linc Worldwide evolved from building an orphanage to opening a full primary school that now provides education, clean water, food, and healthcare for vulnerable children.

It’s an inspiring conversation about how one “yes” can lead to another, and another, until lives are changed across continents. Whether you’re moved to volunteer, donate, or simply believe that small steps still matter, this story proves that each one truly does.

Key Takeaways:

-Change begins with one intentional act of compassion.

-Education creates lasting, generational impact.

-Trust and accountability sustain real mission work.

-Everyone has gifts that can serve others.

-Giving time can be as meaningful as giving money.

-Challenges can refine your purpose, not stop it.

-Collaboration multiplies the reach of good work.

-Purpose grows when compassion is consistent.

The Compounding Change Podcast is brought to you by Jenna Stoliker at https://jennastoliker.com/

Chapters

00:59 – Introduction

02:22 A Moment That Changed Everything

04:46 – The Facebook Fundraiser

10:10 – The Five Core Pillars

15:41 – Opening the School in 2025

22:28 – The Ripple Effect of Getting Involved

31:20 – Advice for Aspiring Changemakers

34:27 – Contact Points and Closing Thoughts

Helpful Links:

Erin Riegle, Linc Worldwide: https://www.lincworldwide.org/

Jenna Stoliker: https://jennastoliker.com/

Shannon Davis: https://www.daviscompoundingchange.com/

---------

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. 

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance. 

Retirement can sound like the finish line after decades of working, saving, and striving. But what if it’s really the start of something entirely new? So many people focus on what they’re leaving — a job, the grind, the stress — without ever asking what they’re stepping into.

In this episode of Compounding Change and the Do Something mini-series, hosts Shannon Davis and Jenna Stoliker dive into what it truly means to prepare for retirement.

Together, they explore the practical and personal sides of this major life transition. From understanding Social Security and Medicare to evaluating health, energy, and lifestyle goals, they discuss how to make confident decisions that align with who you are and what you value. 

Remember, retirement doesn’t start when the paycheck stops. Your new life begins when you start shaping the life you want to live. Whether you’re five months or five years away, the message is clear: take one small step today toward something that matters, and begin living the future you’ve imagined.

Key Takeaways:

– Retirement isn’t an ending, it’s a beginning.

– Plan for what you’re retiring to, not just what you’re leaving behind.

– Align your plans with your health, energy, finances, and values.

– Keep Social Security, Medicare, and estate documents up to date.

– Emotional readiness matters as much as financial readiness.

– Start small: write down five things you want more of in the next decade.

– Don’t wait to live the life you envision for “someday.”

– Every list, plan, and small step counts now and into retirement.

The Compounding Change Podcast is brought to you by Jenna Stoliker at https://jennastoliker.com/

Chapters

00:55 – Rethinking Retirement

01:26 – What Are You Retiring To

03:29 – The Stoliker 5.0 Plan

05:02 – Designing Your Lifestyle, Not Just Your Bucket List

08:33 – The Purpose Factor

10:33 – Identity After Work

12:00 – Small Steps Toward Change

13:27 – Retirement as a Beginning

Helpful Links:

Jenna Stoliker: https://jennastoliker.com/

Shannon Davis: https://www.daviscompoundingchange.com/

---------

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. 

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance. 

The Compounding Change Podcast is brought to you by Jenna Stoliker at https://jennastoliker.com/

It’s that time of year when decisions about healthcare coverage can make or break your peace of mind. For many, Medicare open enrollment feels like navigating a maze of deadlines, mailers, and fine print. But with the right guidance, this season doesn’t have to be overwhelming. It can be an opportunity to ensure your coverage actually fits your life.

In this episode of Compounding Change, Shannon Davis welcomes back Medicare specialist Amy Terrell to cut through the noise. Amy brings years of experience helping people understand their options and avoid costly mistakes, making complex rules easy to follow.

From prescription drug coverage to switching between Medicare Advantage and supplemental plans, Shannon and Amy dive into the most common choices and missteps that happen during open enrollment. They discuss how employer coverage interacts with Medicare, when special enrollment periods apply, and why it’s so important to have an advisor you can trust.

If you’re staring at a pile of Medicare mailers or wondering if your current plan is still the right fit, this episode will give you the clarity and confidence you need.

Key Takeaways:

– Open enrollment runs from October 15 to December 7 each year

– You can switch between original Medicare, Medicare Advantage, or change prescription drug plans during this time

– Annual reviews are critical since provider networks and coverage details often change

– Bring a list of doctors, hospitals, and prescriptions when meeting with a Medicare consultant

– Don’t assume last year’s plan is still the best. Review it against current needs

– Common mistakes include ignoring reviews or missing changes in networks and drug coverage

– Public safety workers and retirees should also assess Medicare alongside employer coverage

– Prescription drug costs and caps change year to year, making review essential

– Special enrollment periods may apply after life changes such as retirement or relocation

– Avoid robocalls and 800 numbers and seek referrals and trusted advisors instead

The Compounding Change Podcast is brought to you by Jenna Stoliker at https://jennastoliker.com/

Chapters

00:51Introduction

02:37 What is Medicare Open Enrollment

04:03 Open Enrollment vs Initial Enrollment

05:08 Decisions to Make

06:08 Considering a New Plan

08:57 Medicare for Public Employees and First Responders

12:14 Reviewing Drug Coverage

14:53 Life Changes

16:59 Trustworthy Resources

Helpful Links:

Amy Terrell, Medicare Agent /MyMedicareNetwork.com: https://mymedicarenetwork.com/

Jenna Stoliker: https://jennastoliker.com/

Shannon Davis: https://www.daviscompoundingchange.com/

---------

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. 

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance. 

Career changes often feel like standing at a crossroads with both fear and excitement tugging at you. Whether a shift is forced by layoffs or chosen by a quiet inner nudge, the mix of uncertainty and possibility can shake you to your core while opening doors you didn’t even know were there. It’s rarely a clean break. Instead, it’s a journey through messy middles, self-doubt, resilience, and small steps that build into something new.

In this episode of Compounding Change, sisters Shannon Davis and Jenna Stoliker share a candid conversation about navigating career pivots. Shannon reflects on her own reinventions, from gym owner to financial advisor, and the challenges of being seen in new roles. Jenna brings perspective from her path in leadership development, including the leap from a steady paycheck to starting her own coaching business. Together, they uncover how values, courage, and clarity play central roles in making meaningful shifts.

At the end of the day, it’s not about having it all figured out. It’s about doing something, however small, to move forward. Because compounding change begins with the first small step.

Key Takeaways:

-Career change often comes with both fear and excitement, both natural

-Reinvention is less about starting from scratch and more about building on experience

-Permission to close a chapter can be freeing, not failing

-Writing down what you don’t want helps clarify what you do want

-Self-doubt and imposter syndrome are common but can be reframed as resilience

-Anchoring to core values provides direction in uncertain times

-Talking things out loud often brings clarity and perspective

-Financial clarity is as important as emotional courage when making a leap

-Change doesn’t require perfection, just small intentional steps

-You don’t need to have it all figured out—you just need to do something

Chapters

00:57 Opening Thoughts

02:43The Firefighter Factor

05:41 Closing Chapters

09:02 A Calling, Not Just a Career

11:30 The Messy Middle

13:55 Imposter Syndrome & Identity Shifts

18:05 Values as Compass

19:49 Practical Steps Forward

23:22 Looking Ahead

Helpful Links:

Small Business Administration Website: https://www.usa.gov/agencies/small-business-administration

Jenna Stoliker: https://jennastoliker.com/

Shannon Davis: https://www.daviscompoundingchange.com/

---------

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. 

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance. 

The Compounding Change Podcast is brought to you by Jenna Stoliker at https://jennastoliker.com/

Sometimes the spark that first ignited our passion dims over time. The pressures of daily life, travel, and even the demands of doing what we love can leave us feeling drained. Yet, true growth often comes when we revisit our “why,” when we find mentors who challenge us, and when we lean into hard conversations that shape not just our careers, but our character.

In this episode of Compounding Change, Shannon Davis welcomes Joe DeGain, longtime CrossFit Flowmaster, coach of coaches, and life coach at joedegain.com. Joe shares his journey from a high school teacher discovering CrossFit in a weight room, to coaching thousands of athletes and trainers around the world, and now guiding people in leadership and personal development.

Their conversation explores what separates great coaches from good ones, the six criteria CrossFit uses to measure coaching effectiveness, and how leadership lessons extend far beyond the gym. Joe also opens up about the daily routines, relationships, and mindset strategies that keep him grounded, motivated, and able to serve others, even when burnout or complacency loom.

In this episode, you’ll hear why Joe believes legacy isn’t about names or titles, but about the lessons that ripple outward, passed down from coach to athlete, mentor to student, and parent to child. His challenge is simple: stay curious, keep it simple, and never lose sight of the real mission—health, wellness, and being of service to others.

Key Takeaways:

– Passion often starts with curiosity, but lasting impact comes from staying grounded in your “why.”

– Great coaches excel not just in teaching movement but in presence, attitude, and group management.

– Simplicity in communication often makes coaching more effective than technical jargon.

– The best leaders adapt their approach to meet each individual’s unique needs.

– Consistency in habits, such as a morning routine, can fuel resilience and clarity.

– Surrounding yourself with the right people prevents complacency and drives growth.

– Burnout often signals distraction—refocusing on health and wellness helps restore purpose.

– Hard conversations, though uncomfortable, are the seeds of lasting change.

– Legacy is less about recognition and more about the ripple effect of lessons passed on.

– Staying curious keeps both coaches and leaders fresh, effective, and inspired.

Chapters

00:57 Introduction

02:25 A Crossfit Career

08:19 Advice for Coaches

12:48 Great Coaches

15:14 Mindset

17:07 Mistakes Coaches Make

23:45 Impact of Coaching

28:34 Staying Sharp

44:16 Compounding Change in CrossFit

48:57 Leaving a Legacy

50:20 Final Thoughts

Helpful Links:

Joe DeGain, CrossFit LLC: https://games.crossfit.com/athlete/46032

Shannon Davis: https://www.daviscompoundingchange.com/

---------

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. 

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance. 

The Compounding Change Podcast is brought to you by Jenna Stoliker at https://www.jennastoliker.com/

Sometimes life drops you right on your back. A job ends. A marriage falls apart. You’re left holding the broken pieces of what was, trying to figure out what’s next. In that fog of transition, one of the hardest things to rebuild is your own self-trust—your ability to believe in your voice, your values, and your own inner compass. It can feel like you're starting over with a map you’re no longer sure how to read.

In this Do Something episode of Compounding Change, sisters Shannon Davis and Shannon Stoliker go beyond the stories of what happened and dive into the deeper layers of what it means to reconnect with yourself after a setback. From career disruptions to personal upheavals, they explore the subtle ways we lose track of who we are, and the small, powerful steps we can take to find our way back.

There is a gap between who we are and who we think we should be, and it can grow quietly over time, often fueled by people-pleasing or fear of conflict. But awareness is the first tool. Jenna outlines the difference between core values and acquired values, encouraging listeners to distinguish what’s truly theirs from what they’ve absorbed. Shannon adds personal insight and a few funny stories to remind us that growth isn’t always graceful. But it is always worth it.

Whether you're rebuilding after a divorce, job loss, or a season of personal disconnection, this episode is a thoughtful, honest guide to starting again, not by doing something dramatic, but by doing something real. One step, one decision, one brave “no” or vulnerable “yes” at a time.

Key Takeaways:

-Setbacks often shake our identity and self-trust more than we realize

-Rebuilding starts with small, consistent actions—not big breakthroughs

-Self-betrayal can happen quietly when we avoid conflict or over-accommodate

-Journaling helps clarify truth when thoughts feel tangled

-Core values are different from acquired values—we can unlearn what’s not ours

-People-pleasing takes many forms and drains self-confidence

-Saying “no” without over-explaining is a powerful practice

-Living in alignment requires awareness, not perfection

-Tools like values assessments can guide self-reflection

-Self-trust isn’t something you find, it’s something you practice

Chapters

IChapters

00:59 Introduction

04:40 Rebuilding Self-Trust

10:25 Journalling as a Step Forward

13:25 Discovering Your Core Values

18:49 Understanding Self-Worth

22:33 Discovering Your Values

28:09 Action Steps/Do Something Challenge

Helpful Links:

Finding Your Values Guidebook: https://jennastoliker.com/wp-content/uploads/2025/06/Finding-Your-Values.pdf

Jenna Stoliker: https://jennastoliker.com/

Shannon Davis: https://www.daviscompoundingchange.com/

----------------

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. 

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance. 

The Compounding Change Podcast is brought to you by Shannon Davis

When divorce enters your life, it doesn’t just change your relationship status—it shakes your foundation. The silence can be louder, the shame heavier, and the path forward unclear. When your identity, finances, and sense of self feel like they’re unraveling at the same time, how do you start to put the pieces back together?

In this Do Something episode of Compounding Change, sisters Shannon Davis and Jenna Stoliker open up about their individual experiences walking through divorce, financial strain, and emotional recovery.

Jenna reflects on surviving abuse, isolation, and the gradual unraveling of her identity—until a quiet moment of clarity made her take the wheel back. Shannon shares her own path, including the emotional toll of bankruptcy and the shift from hiding in shame to helping others find financial clarity and confidence.

The conversation is not about blame—it’s about truth, healing, and doing the next small thing.

Because, remember, you don’t have to do everything. But you can do something.

Key Takeaways:

Emotional and financial collapse often happen side by side

Abuse isn't always obvious until you're in too deep

Small, consistent steps are the foundation of rebuilding

Isolation fuels shame; connection breaks it

Being honest at work or with loved ones is a major turning point

Affirmations can help reshape your self-worth

Peacekeeping can delay healing

Bankruptcy can be devastating—and also freeing

Rebuilding your credit is about more than numbers—it's about confidence

Everyone has a different version of the story, and that's okay

Chapters

00:57 Introduction

01:53 – Recognizing the Drift
06:09 – Losing Your Voice, Finding Your Way
09:25 – Sharing and Support
13:54 – When Finances Fall Apart
20:15 – Hitting Rock Bottom and Starting Over
29:35 – Do Something: Reclaiming Identity and Agency

Helpful Links:

Jenna Stoliker: https://jennastoliker.com/

Shannon Davis: https://www.daviscompoundingchange.com/

---------

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. 

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance. 

The Compounding Change Podcast is brought to you by Shannon Davis

The Compounding Change Podcast is sponsored by Jenna Stoliker, Leader Coach. https://jennastoliker.com/

Medicare isn’t exactly the most thrilling topic, but it’s one that can make or break your peace of mind as you head toward retirement. So many people put it off, get overwhelmed by the mailers and commercials, or think they’re automatically covered at 65—only to find themselves scrambling at the last minute. In this episode of Compounding Change, Shannon Davis and guest Amy Terrell dig deep into what Medicare really is, who qualifies, when you should start planning, and how to avoid the pitfalls that can cost you big time down the road.

Amy is a licensed Medicare agent with My Medicare Network who’s helped hundreds of people figure this out without losing sleep. She explains why 64-and-a-half is the “sweet spot” for starting the process, breaks down the alphabet soup of Parts A, B, C, and D, and clarifies when it makes sense to compare your company plan to Medicare, even if you're still working at 65.

Throughout the episode, Amy and Shannon emphasize that no two retirees are alike, even within the same household, and that working with an expert can help you sort the options without the spam calls and mail clutter.

They wrap with common mistakes people make, the importance of reviewing your plan annually during open enrollment, and a reminder that this decision is deeply tied to your broader retirement strategy, from Social Security to pensions.

Key Takeaways:

• Start planning for Medicare around age 64.5 so you have time to understand options and avoid delays.
• Medicare is not automatically free at 65—Part B premiums are income-based with a two-year tax look back.
• Original Medicare (Parts A and B) leaves 20% out-of-pocket exposure with no cap, making supplements or Advantage plans worth considering.
• Medicare Supplement (Medigap) plans have higher premiums but more flexibility and fewer bills later.
• Medicare Advantage plans often have lower premiums but networks, and offer extras like dental, vision, hearing, and gym memberships.
• Be cautious of marketing mailers and commercials that don't account for your doctors, prescriptions, or needs.
• Review your plan annually during open enrollment, as plans and benefits can change each year.
• Amy offers free Medicare assessments to help individuals compare options and find the best fit for their situation.

Chapters

00:57 Introduction and Why Medicare Matters

03:56 Medicare 101: What is it and Who Qualifies

06:28 When to Start the Process

11:07 How Much Does it Cost

17:05 Supplements Vs Advantage Plans

 20:53 Personalized Assessments: Getting the Help You Need

22:37 Special Considerations for Public Safety Retirees

25:16 Tackling the Mail Pile

27:06 Closing Thoughts and Contact Information

Helpful Links:

Jenna Stoliker: https://jennastoliker.com/

Shannon Davis: https://www.daviscompoundingchange.com/

---------

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. 

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance. 

The Compounding Change Podcast is brought to you by Shannon Davis

Wouldn’t it be great if there were a way to procrastinate putting things off? To procrastinate the procrastination! Too often, especially when it comes to retirement and financial decisions, folks wait too long to take the first step. And then, it’s often too late to take advantage of what is in your best interest. Even taking a moment to ask for help to learn more is a first step that can pay big dividends.

This is the second episode in a special series of the Compounding Change Podcast called “Do Something”, as host Shannon Davis and Leadership Coach Jenna Stoliker focus on things we can all do to take action on some of life’s most important and impending stages.  

In this episode, they delve into the complexities of Medicare and Social Security, sharing personal experiences and insights on navigating these essential systems. They emphasize the importance of proactive financial planning, the need for emotional safety in discussions about aging and benefits, and the power of taking small, actionable steps towards understanding and managing one's financial future. 

The conversation encourages listeners to seek knowledge, ask questions, and engage in meaningful discussions about their financial well-being.

Takeaways

-Medicare does not cover everything; there are significant gaps.

-Social Security benefits vary based on individual circumstances.

-It’s crucial to enroll in Medicare at the right time to avoid penalties.

-Understanding Social Security requires knowledge of personal work history and marital status.

-Proactive financial planning is essential for retirement.

-Asking questions and seeking help is a sign of strength, not weakness.

-Emotional safety is important when discussing financial matters with loved ones.

-Checking your earnings history can impact your Social Security benefits.

-Conversations about finances should be ongoing and not left until retirement age.

-Taking small steps towards financial literacy can lead to greater empowerment.

Chapters

01:10 Introduction

04:27 Navigating the Complexities of Social Security

08:35 Empowering Conversations About Financial Planning

10:45 Taking Action: The Do Something Challenge

Helpful Links:

Jenna Stoliker: https://jennastoliker.com/

Shannon Davis: https://www.daviscompoundingchange.com/

---------

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. 

Securities offered through Cambridge Investment Research, Inc., a registered

Broker/Dealer, Member FINRA/SIPC.

Investment Advisory Services are offered through Retirement Plan Advisors, LLC, a Federally Registered Investment Adviser. Cambridge Investment Research and Retirement Planning Advisors are not related to DavisCompoundingChange.com or this podcast.

Please note that investment involves risk, and no statements made in this recording are indicative of future performance. 

The Compounding Change Podcast is brought to you by Shannon Davis