Navigating Social Security Nightmares with Professor Kotlikoff on Grow Money Business

Jan 9, 2024

01:24:58

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Episode notes

Professor Kotlikoff joined Grant Bledsoe as a guest on his podcast, Grow Money Business. They dive into Professor Kotlikoff's latest book which he co-authored with Terry Savage, called Social Security Clawbacks. The discussion dives into the flawed Social Security system, revealing the dire consequences for retirees, the disabled, and survivors when things go awry with Social Security. Plus, how to navigate yourself out of this nightmare, if you find yourself a victim of Social Security's errors. They get into the trenches of public finance, the urgent need for reform and the pioneering solutions being proposed.

Time Stamps:

00:00 Social Security miscalculations lead to clawback letters.

14:01 Social Security threatens recipients with callback letters.

17:10 How the book exposes Social Security scams, and how Professor Kotlikoff's tool can help.

24:52 Appeal for mistake, waiver, and underpayments.

29:56 Woman receives unexpected $304,000 bill, faces denial of disability benefits.

33:30 Check all boxes and avoid losing money.

41:59 New commissioner, more attention, changes in policy.

47:10 Social Security office advice unreliable, profit-driven oversight.

53:51 Limit callback period, require full evidence disclosure.

59:48 Failed email response leads to website error.

01:20:09 Government guarantee offers assurance for retirement funds.