What’s New for Social Security 2022

This is MUST LISTEN presentation for everyone yet to claim Social Security and/or survivor benefits, and otherwise learn how to maximize your benefits. MaryBeth Franklin, author of Maximizing Social Security Retirement Benefits, shares her expertise in this interview with Paul Merriman and answers a number of viewer questions. This presentation is part of Financial Literacy Month, sponsored by the Bainbridge Community Foundation (https://bainbridgecf.org/) and The Merriman Financial Education Foundation (https://paulmerriman.com/the-merriman-financial-education-foundation/)

You’ll learn:
• How claiming age affects the amount of Social Security benefits received by retirees and their surviving spouses;
• How earnings from a job can reduce benefits if claimed before full retirement age
• Strategies to reverse early claiming decisions and create larger future benefits.

Links mentioned in the presentation:

Mary Beth interview with retirement researcher Wade Pfau, titled, “Retirement income strategies for 2022 and beyond”:  https://retirement-repair-shop-with-mary-beth-franklin.simplecast.com/episodes/retirement-income-strategies-for-2022-and-beyond-DeARkylF

Mary Beth interview with Joe Elsasser, founder of Covisum, discussing Social Security’s solvency, possible reforms, taxes and benefit strategies. Covisum has a free calculator to help people make better decisions on when to start taking Social Security. https://www.investmentnews.com/podcasts/retirement_repair_shop_mbf/joe_elsasser

Here is a link to her book, Maximizing Social Security Retirement Benefits:www.maximizingsocialsecuritybenefits.com
Which covers:
– The ABC's of claiming Social Security
– How Social Security benefits are taxed
– What survivors need to know to maximize their benefits
– What claiming strategies are disappearing for most new retirees
– How recent changes to Social Security claiming rules affect married couples and divorced spouses
– Plus, much more including new rules & strategies to help maximize benefits