The Ins & Outs of Social Security with Elizabeth Newport
- Author
- Guidance Point Advisors, LLC.
- Published
- Thu 15 Apr 2021
- Episode Link
- https://retirementsuccessinmaine.podbean.com/e/the-ins-outs-of-social-security/
EP 040: It's estimated that for the average American retiree, 40% of our retirement income comes from Social Security. But how do I make sure that I'm making good decisions about a social security benefit that is supposed to pay me for the rest of my life? Am I asking the right questions of Social Security when I talk to them? Are there benefits that I might be entitled to that I don't know about? What about life complications that can impact my social security benefits like divorce, disability, death, With all of our shows, we want to discuss the insights that may better your upcoming or existing retirement. That's the premise of today's show!
Enter someone that helps educate the public on how to maximize their Social Security benefits. Our guest is the Social Security Administration’s Public Affairs Specialist for all District Offices in the State of Maine as well as for the Portsmouth, New Hampshire District Office. She has worked for the Agency since 2005 and enjoys sharing her knowledge of Social Security with the communities she serves. Disclaimer: “Participation in this presentation/podcast/video does not constitute an endorsement by the Social Security Administration or its employees of the organizations and information and products not provided by Social Security.” Please welcome Libby Newport to the Retirement Success in Maine Podcast!
Chapters:
Welcome, Libby! [1:17]
A conversation about the experience of claiming Social Security benefits. [7:54]
How do spousal Social Security benefits work? [15:08]
How do MainePERS and Social Security interact? [27:39]
How do spousal benefits change when a spouse passes away? [33:18]
How can folks really protect themselves from someone defrauding their Social Security benefit? [35:52]
How true is the statement, “Social Security won’t be there when I retire”? [38:49]
What questions does Libby wish people would ask of the Social Security Administration? [42:17]
What does Retirement Success mean to Libby? [49:45]
Ben, Abby, and Curtis wrap-up the episode. [51:31]
