WEALTHTRACK Social Security Guru Mary Beth Franklin on The Program’s Health & Outlook.
Aug 2, 2024
Mary Beth Franklin, a Social Security expert, dives into the program's critical financial challenges and future outlook. She highlights the alarming depletion of trust funds by 2033 and discusses individual strategies to maximize benefits. Franklin emphasizes the importance of timing and investment decisions, offering insights on how married couples and divorced individuals can strategically claim their benefits. She also provides advice for younger workers on preparing for potential cuts, ensuring future retirees strengthen their income.
Chapters
Transcript
Episode notes
1 2 3 4 5
Intro
00:00 • 2min
Future of Social Security: Challenges and Solutions
02:13 • 7min
Strategizing Social Security: Timing and Investment Decisions
09:32 • 5min
Maximizing Social Security: Couples' Strategies
14:55 • 8min
Maximizing Social Security Benefits for Retirement Income
23:15 • 3min