January 13, 2025

Understanding the Social Security Fairness Act with Mary Beth Franklin (Ep. 80)

34 minutes

Curious about how the latest Social Security reform might impact you or your clients?

In this episode, Jack Martin sits down with Mary Beth Franklin, CFP® to discuss the newly passed Social Security Fairness Act and its implications for retirement income planning. They dive into the implications of the windfall elimination provision and the government pension offset repeal, bringing new hope to millions of public employees.

Mary discusses:

(01:55) The impending changes with the windfall elimination provision and its impact on retired individuals with public pensions

(05:00) What the repeal of the government pension offset means for spouses in public service sectors

(10:57) The potential financial implications and the steps clients need to take if entitled to retroactive Social Security benefits

(19:07) How financial advisors can best guide their clients through this transition and the opportunities it presents

And more

Tune in to understand these regulatory updates better and learn how to navigate this significant shift in social security policy.

Resources:

Winning at the Intersection of Annuities and Wealth Management

Transcript

Connect With Mary Beth Franklin CFP®:

LinkedIn: Mary Beth Franklin

MaryBethFranklin.com

Connect with Jack Martin:

LinkedIn: Jack Martin

InsurMark

Contact Form

About Mary Beth Franklin:
Mary Beth is a CFP®, longtime contributing editor to Investment News, author, highly sought-after speaker, expert on Social Security planning, and recently won a Telly award for her PBS special “Social Security and You.”

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