Manage episode 329267596 series 2991667
🟦 Social Security is one of the most important programs in the United States. It provides critical benefits to retirees, people with disabilities, and surviving spouses and children.
🟦 Social Security is especially important for women as women make up a disproportionate share of Social Security beneficiaries, and they are more likely to rely on Social Security for a significant portion of their income.
🟦 Social Security also plays a key role in reducing poverty among older women. In fact, without Social Security, the poverty rate among women aged 65 and over would nearly quadruple.
🟦 My special guest Eric Dudley will be talking about Social Security. He will explain the basics of Social Security as well as how to calculate your benefits and when to take them.
Here are some HIGHLIGHTS from this episode.
03:39 What is Social Security?
05:30 How important is Social Security?
07:31 The basics of Social Security
08:59 The beginning of Social Security
10:31 Will Social Security run out in 2034 as predicted?
13:46 Will Social Security be privatized?
15:20 How are Social Security benefits calculated?
18:58 Why should you claim your Social Security benefits as late as you can
26:06 When do you want to start taking your Social Security benefits?
30:56 As I see it….
32:29 Your Social Security benefits should only be a supplement…
34:34 Quote of the show