Common Sense Financial Podcast cover image

CSFP 003 | Social Security and Medicare with Rich Grawer

Common Sense Financial Podcast

CHAPTER

What Is the Windfall Elimination Provision?

In general if one of the partners dies there's a possibility for the surviving partner to either claim his own benefit or vice versa. What about in a case where somebody has Social Security quarters they've worked, played into Social Security and then takes a government job? There is no WEP but that is very unlikely in most cases for someone who is in a government job with a government pension. It cannot be entirely wiped out but it can be reduced by 50%.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner