15: What Women Need to Know About Social Security

<p>Social Security is the foundation for every retirement income plan, and it seems really simple: you hit retirement age then turn around and start getting your money. In fact, the benefits you can reap are actually much more powerful than most people think; however, it’s also a more complicated topic than many of us realize.</p> <p>In this episode, we highlight several important points that women specifically need to know about Social Security (while going down a rabbit hole or two along the way!).</p> <p>Listen in and learn the factors that make the Social Security experience different for men and women, and what to know if you’re not working for pay, are divorced, or a widow. Finally, we answer the question: <em>Is it true that Social Security is going bankrupt?</em></p> <p><strong>Key Topics:</strong></p> <p>Breaking down the complications of Social Security (2:36)</p> <p>How the Social Security experience is different for men and women (3:59)</p> <p>Why is it important to check your earnings record? (07:11)</p> <p>Must-knows about Social Security taxes (9:28)</p> <p>What do you get from your Social Security if you don’t work outside the home? (11:40)</p> <p>What about divorced women? (13:17)</p> <p>What about widows? (15:51)</p> <p>Three important dates to note down (17:08)</p> <p>Considerations around claiming benefits before full retirement age (18:15)</p> <p>Why the government may withhold some of your benefits (22:30)</p> <p>Paying income tax on your Social Security (24:14)</p> <p>Addressing concerns around Social Security solvency (27:58)</p> <p> </p> <p>If you like what you’ve been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com</p> <p>You can find the transcript and more information about this episode at <a href= "http://www.takebackretirement.com/">www.takebackretirement.com</a>.</p> <p class="p4"><span style= "font-size: 11.0