The Clark Howard Podcast 03.24.25 The Future Of Social Security / An Inspiring Life Well Lived
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Mar 24, 2025 The podcast dives into the future of Social Security, tackling public fears and revealing essential financial insights. It also shares inspiring stories, such as a godmother teaching her godson about saving and investing. The ultra-frugal lifestyle of Bob Kierlin is highlighted, showcasing how discipline plays a crucial role in financial success. Listeners receive valuable tips on managing banking for students and avoiding debit card pitfalls on Amazon, emphasizing the importance of financial protection and strategic planning.
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Social Security Claiming
- Apply for Social Security four months before needing the first check due to processing times.
- Claiming early may be necessary if you lack funds, but delaying maximizes lifetime benefits.
Delaying Social Security
- Delay Social Security unless your family history suggests a shorter lifespan.
- The longer you wait, the more each annual inflation adjustment increases your benefit.
College Finances
- College students should seek free checking accounts at their university's credit union.
- Responsible 18-year-olds with part-time jobs should apply for student credit cards to build credit.