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Ep 489: Your Retirement, The Truth About Social Security, And How to Prepare NOW

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Manage episode 501324592 series 1132024
Content provided by Jean Chatzky Her Money. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jean Chatzky Her Money or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Social Security is back in the headlines, and the news isn’t exactly comforting. Words like shortfall and cuts are sparking real fear among retirees, near-retirees, and younger workers who wonder if the program will even be there for them.

In this episode, Jean sits down with Michelle Singletary, nationally syndicated personal finance columnist for The Washington Post, to break it all down:

  • What a potential 20–25% shortfall in 2033 could actually mean for retirees.
  • Why your check won’t disappear entirely
  • The surge in early claims: Should you take the money now, or wait?
  • Why writing Social Security out of your retirement plan is a mistake for Gen X, millennials, and Gen Z.
  • Michelle’s must-do checklist for near-retirees: from eliminating your mortgage to building a realistic budget.

If more financial confidence sounds good to you, then you might want to try…

4-Week Coaching Program: Identify and understand your spending, build a strategic plan, and take control of your money.

6-Week Pre-Retirement Program: We’ll help you prepare financially and emotionally for this exciting milestone.

📈InvestingFixx: Learn, connect, and start investing—your first month is completely free.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

641 episodes

Artwork
iconShare
 
Manage episode 501324592 series 1132024
Content provided by Jean Chatzky Her Money. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jean Chatzky Her Money or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Social Security is back in the headlines, and the news isn’t exactly comforting. Words like shortfall and cuts are sparking real fear among retirees, near-retirees, and younger workers who wonder if the program will even be there for them.

In this episode, Jean sits down with Michelle Singletary, nationally syndicated personal finance columnist for The Washington Post, to break it all down:

  • What a potential 20–25% shortfall in 2033 could actually mean for retirees.
  • Why your check won’t disappear entirely
  • The surge in early claims: Should you take the money now, or wait?
  • Why writing Social Security out of your retirement plan is a mistake for Gen X, millennials, and Gen Z.
  • Michelle’s must-do checklist for near-retirees: from eliminating your mortgage to building a realistic budget.

If more financial confidence sounds good to you, then you might want to try…

4-Week Coaching Program: Identify and understand your spending, build a strategic plan, and take control of your money.

6-Week Pre-Retirement Program: We’ll help you prepare financially and emotionally for this exciting milestone.

📈InvestingFixx: Learn, connect, and start investing—your first month is completely free.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

641 episodes

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