413: Social Security Scams and “Retirement” Planning

Retirement means “ceasing to work”. In my case, retirement will describe me when I’ve died.

I understand retiring from a particular activity. Like how I retired from the practice of surgery about eight years ago. But global retirement sounds dire.

It is like admitting that you are of no real value to the world anymore. That your contributions are no longer of benefit to humanity.

I’ve always believed that the universe ultimately pays you what you deserve. If all you’re doing is playing golf, you aren’t worth a dime.

And imagine all of that knowledge, expertise and wisdom you accumulate over the years. You’re just going to waste that?

You’ve got to figure out a way to use it and keep going. At least that’s my philosophy.

As you may know, I have a podcast on health and longevity called Sapio with Buck Joffrey. I want us all to feel like 50 is just the beginning and I don’t mean the beginning of the end lol.

Get inspired. Dreams are not just for the young. As Bill Gates says, people grossly overestimate what they can accomplish in a year and grossly underestimate what they can accomplish in five.

Ok…that’s my rant for today. Let’s get back to reality. I know people need money when they get older and social security is one of the sources.

To be honest, I don’t know much about social security so I thought I would interview someone on the topic. My guest this week on Wealth Formula Podcast was on the “60 Minutes” show recently uncovering social security scams so I thought he might be a good person to listen to.

So… if you’re interested in the money the government owes you when you get older and may or may not get it, make sure to tune into the show.

Show Notes:

04:52 How exactly does social security work?

10:56 Social security: a scam?

20:02 Will social security disappear?

21:36 Clawbacks of social security

29:05 Money Magic