Retirement planning can feel overwhelming, especially when faced with difficult questions about protecting your assets, Social Security benefits, and market uncertainties.
In this episode, I answer listener questions about whether to choose a living trust or a will, explain how Social Security benefits work for widows and divorced women, and discuss how to prepare your retirement income for market ups and downs. I also share practical tips on building a financial safety net and touch on the importance of tax planning through retirement stages.
Key points:
- The considerations involved in deciding between a will and a living trust, emphasizing the importance of privacy
- How divorce can affect Social Security benefits, and whether it’s possible to receive higher benefits based on a former spouse’s record
- The Social Security Fairness Act and how it impacts individuals, specifically teachers, receiving both a pension and Social Security
- Strategies to preserve your retirement income
- The conditions under which children can receive Social Security retirement benefits, a topic that is not frequently discussed
- And more!
Resources:
- Get Your FREE Simply Retirement Roadmap
- #22 – How to Secure Your Legacy
- Women’s Retirement Success Webinar Series
- Savvy Social Security Planning for Women
Connect with Eric Blake:
No transcript available.
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