Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

Professor Kotlikoff invites Mary Beth Franklin, a seasoned personal finance journalist, and a certified financial planner, recognized for her profound insights into Social Security, tax legislation, and retirement planning. With over four decades of experience, Mary Beth brings a wealth of knowledge from her work with leading publications such as United Press International and Investment News. Her expertise makes her a trusted authority in navigating the complexities of retirement and Social Security strategies.

Topics Covered:

• Maximizing Social Security Benefits
• Challenges of the Modern Retirement System
• The Sustainability of Social Security

Timestamps:

• 06:56 Mary Beth transitioned from government to journalism, specialized in finance.
• 12:50 Period of typing stories, changing jobs wisely.
• 20:12 Many people don't participate in retirement planning.
• 25:38 IRA vs 401K, pensions impact retirement satisfaction.
• 28:06 IBM led shift from defined to contribution plans.
• 34:50 Changes in 1983 led to current income imbalance.
• 40:33 Reforming retirement age and Social Security system.
• 43:58 Social Security reserves depleted by 2034. Political crisis.
• 48:38 Fewer babies, changing workforce demand political action.
• 54:11 Work in retirement is financially beneficial option.
• 01:03:03 Delay Social Security, maximize benefits for couples.

This episode will give you a deeper understanding of how to secure your financial future, learn strategic approaches to retirement planning, and discover the critical adjustments needed within national policies to support lasting social security benefits.

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Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

Follow Professor Kotlikoff:

Facebook: kotlikoff

Twitter: @kotlikoff

LinkedIn: laurencekotlikoff

Substack: https://larrykotlikoff.substack.com/

Books: https://kotlikoff.net/books/

Company: https://maxifiplanner.com/