Social Security: Answers From The Experts (Martha Shedden)

Holistic Retirement Planning: What Critical Questions Are Clients Not Asking? Welcome to episode #6 of Social Security: Answers From The Experts with Martha Shedden. In this highly informative episode Martha sits down with Maryann Keith and they discuss her views on Social Security and retirement planning and some of the common pieces of advice she gives to her clients. Maryann Keith joined Beden Wealth Management in 2007 after beginning her career in financial services in 2005. She often deals with Social Security and retirement planning issues. Maryann collaborates regularly with some of the top operations professionals in the U.S. Maryann has earned the coveted Certified Financial PLanner designation (CFP®) as well as the Certified Investment Management Analyst® (CIMA®) designation. She completed the Yale School of Management’s CIMA certification registered education program in Investment Management Theory & Practice and has a financial planning certificate from The American College in Bryn Mawr, PA.   Here is what to expect on this week’s show: Information about Maryann’s background and how she got into retirement planning. The biggest misconception people are facing when it comes time for people to plan their Social Security decisions. How it is that Maryann works with many widowed woman and the issues they face. What success looks like when planning a client’s Social Security and retirement planning options. How taxes work with your Social Security benefits, whether you are a high net worth individual or not. The 2-3 most important takeaways for financial professionals who are helping their clients with Social Security and retirement planning (hint: it’s about software!). Changes to the Social Security Administrations that Maryann would make, if she were in charge. Links mentions: https://www.bedenwealth.com Connect with Maryann: LinkedIn: https://www.linkedin.com/in/maryannkeithcfpcima/ Facebook: https://www.facebook.com/pages/Craig-Beden-Financial-Advisor-Capitol-Financial-Partners/1657614147798770   Learn more about your ad choices. Visit megaphone.fm/adchoices

A Medicare Insurance Advisor‘s Insights Into Avoiding Penalties And Pitfalls   Welcome to episode #16 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with John Norce and they talk all things Medicare as John shares his extensive knowledge about the program and gives out lots of information about the major questions people have. John Norce is the founder of Medicare Portal, an insurance agency specializing in the education and enrollment of individuals into Medicare. During his 30 years in the insurance industry, John's experience has assisted thousands of clients experience a seamless enrollment into Medicare. His extensive knowledge of Medicare uniquely qualifies him to be a certified Continuing Education Instructor where he provides continuing education classes on complex topics such as navigating Medicare and what it means for beneficiaries as well as key professional service providers   Here is what to expect on this week’s show: Information on John’s background and why he decided to help people with Medicare. Information about how Medicare and the services John can provide works state by state. How covid has affected how John can provide the services he can. What do people need to know about the Medicare process before they retire? When should somebody contact someone like John, and when exactly does someone’s Medicare benefits kick in. The type of person that reaches out to John for help with their Medicare situation. Information about the two types of Medicare and information about what the penalties for not signing up correctly are exactly. Information about Medigap and how that works with Medicare benefits. Information about Medicare for business owners and what they need to know. The most common myths about Medicare. How will the vast retirement of baby boomers every day affect Medicare moving forward.   Relevant Links: http://www.medicareportal.org/ Connect with John or Medicare Portal: LinkedIn: https://www.linkedin.com/in/john-norce/ Phone: 703-214-4600 Email: info@medicareportal.org   Learn more about your ad choices. Visit megaphone.fm/adchoices

The Unique Value and Experience of Being A Young RSSA (It’s not just for older professionals!) Welcome to episode #33 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Melissa Warren and Thomas Drapala and they discuss what it’s like to work at NARSSA, how they help financial professionals, and details about what their program offers. Melissa is a Senior Analyst at NARRSA, she works with clients to address their unique claiming situations. She also is a contributor to the coursework to earn the RSSA designation. Coming from a background in engineering, she is passionate about the problem-solving aspect of Social Security. She is a graduate of the University of Utah.    Thomas Drapala is an RSSA Client Relations Manager at NARSSA and an expert at explaining Social Security rules and claiming options to clients. He is instrumental in creating and updating the many RSSA Resources available for registered members to help them succeed with their clients. Tom is a determined researcher on obscure Social Security rules. He is a graduate of Long Island University.   Here is what to expect on this week’s show: A look at Tom & Melissa’s background and why they decided to work at NARSSA. A look at how Tom & Melissa help their clients, explained in a way anyone can understand. What does someone receive from investing in an education from NARSSA that couldn't be gained on their own? The advantages of Tom & Melissa’s youth, even though their job is related to retirement. What one should know about how Social Security and retirement planning work for those who are self employed. The advantages for financial professionals who work with one who is an RSA. What one has to go through to become accredited from NARSSA. Advice for retirement planning for younger people who haven’t really thought about it much yet.   Relevant Links: https://rssa.com   Connect with Tom, Melissa or RSSA: LinkedIn: https://www.linkedin.com/in/thomas-drapala-rssa-878611207/ & https://www.linkedin.com/in/melissa-warren-82a24395/ Twitter:  https://twitter.com/RSSAnews Facebook: https://www.facebook.com/RSSAnews Instagram: https://www.instagram.com/RSSAnews/     Learn more about your ad choices. Visit megaphone.fm/adchoices

Mary Beth Franklin Shares Social Security Secrets   Welcome to episode #4 of Social Security: Answers From The Experts with Martha Shedden. In this exciting episode Martha sits down with Mary Beth Franklin and they discuss many important topics related to Social Security claiming decisions that all retirees will face. Mary Beth Franklin is a CFP and a retirement speaker and author who writes about the latest research and thought leadership on retirement income planning. She is a Contributing Editor at Investment News specializing in Social Security, Medicare and Retirement income. She has been a financial journalist for more than 40 years, covering everything from federal budget and tax policies as a Capitol Hill reporter for United Press International to consumer finances as a writer and editor at Kiplinger’s Personal Finance magazine. She is the author of “Maximizing Your Social Security Retirement Benefits” and host of the Retirement Repair Shop podcast.   Here is what to expect on this week’s show: Why Mary decided to go into Journalism, and how she picked writing about Social Security and retirement issues. The common regrets that people have about their Social Security decisions, a topic that Mary has written about. Important information about when to claim and the importance of waiting as long as possible to claim so that your monthly check can be as large as possible. Information about suspending one’s benefits, how to do that, who this would benefit, and what this process entails. Current trends in the age and manner that people and couples are claiming their benefits. How the pandemic has affected Social Security claiming trends, and what the future may look like. What changes would Mary make to Social Security if she was in control of it. A few important takeaways for people to think about if they are approaching retirement age. Links mentions: https://www.investmentnews.com/ https://www.maximizingsocialsecuritybenefits.com/ Connect with Mary: Twitter: https://twitter.com/MBFretirepro LinkedIn: https://www.linkedin.com/in/mary-beth-franklin-ab7a9a3/ Facebook: https://www.facebook.com/mary.b.franklin.9   Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to episode #27 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Nicole Mayer and they discuss her approach to retirement planning and Social Security, and why her holistic, fee-for-service approach is something all retirees (and pre-retirees) should be aware of. Nicole is a Partner at Second Opinion Partners, where she focuses on providing mentorship to new Advisors who join the Team. She is also a sought-after speaker and an accomplished author. She is a Certified Divorce Financial Analyst (CDFA™) and has been nationally recognized for her knowledge and commitment and has been featured as a financial professional on Fox Business News, WGN Channel 9 News and CNBC. Here is what to expect on this week’s show: A look at Nicole’s background and exactly what her company, Second Opinion Partners, does regarding retirement financial planning. How Nicole’s approach to retirement planning is different, with education being central to her approach. What exactly the fee-for-service model is and why it’s usually the preferred method for clients looking to receive the best service. The types of assistance Nicole offers regarding Social Security and why. How should someone needing help with Social Security and retirement planning find the right financial professional? What exactly is “holistic” financial planning and why having it matters. Which transition in life is the most difficult to plan for and why. How can one approach retirement so as to ensure it’s the best time of their life and not a let down?   Relevant Links: http://www.2ndpartners.com/   Connect with Nicole and Second Option Partners: LinkedIn: https://www.linkedin.com/in/nicolemayer/ Twitter: https://twitter.com/RPGPLAN Facebook: https://www.facebook.com/2ndOpinionPartners Instagram: https://www.instagram.com/2nd_Opinion_Partners/ YouTube: http://www.youtube.com/user/RPGLTS   Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to episode #37 of Social Security: Answers From The Experts with Martha Shedden: The Social Security disability application process, a must listen episode from an SSDI attorney with Edward Guldi. Edward Guldi, Attorney at The Perecman Firm, P.L.L.C.., is a distinguished New York lawyer who concentrates his practice on all aspects of workers' compensation and social security disability law for claimants. He has successfully represented thousands of workers' compensation claims before the New York Workers' Compensation Board to a successful resolution. He is also experienced in handling complex and serious legal matters involving injuries, including extensive work on the 9/11 cancer litigation. The Perecman Firm is a full-service personal injury law firm with offices in New York, New York, and Jericho, New York.Bottom of Form     Here is what to expect on this week’s show: A developing taste for helping people in need. The application for Social Security Disability and the need for an expert attorney so nothing is missed. Why plenty of applications are denied and what consumers can do about it. The differences between claimants under and over 50 years old. Sliding scales for disability benefits and tax caps. The legal system surrounding Social Security and the Social Security Administration.   Relevant Links: Connect with Edward: https://www.perecman.com/   Learn more about your ad choices. Visit megaphone.fm/adchoices

Trailblazing Women Lawyers Adding “Lustre” To Image Of Retired Career Women   Welcome to episode #19 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Karen Wagner & Erica Baird and they discuss what the Lustre movement is all about, which is basically a new way to think about retiring so that there is no loss of meaning and excitement. Erica Baird is a retired lawyer with a career spanning four decades. She was the first woman partner in the General Counsel’s Office of her then Big 6 accounting firm, working in the US and abroad on some of the major financial issues of the day. Karen Wagner was the first woman litigation partner at her global law firm in New York City. She practiced law for forty years at her global law firm. After they retired, Erica and Karen co-founded Lustre, a blog for retired career women who want to defy stereotypes and create a new paradigm for the next third of their lives. They also wrote a book, and have partnered with various entities offering goods or services of interest to their cohort.    Here is what to expect on this week’s show: A look into Karen’s and Erica’s backgrounds and what drove them to both go into the law and be trailblazers as well. A look into why Karen & Erica decided to start Lustre, which was in reaction to retiring and feeling like they were again in an unseen group. The purpose of Lustre and the ways they are attempting to fulfill this purpose. Why this time was different, in that it was the first time that lots of working women were retiring en mass. The vast differences between the male and female experience of being retirement age and why this is important. The importance of community for women retirees, who often feel a loss after not working anymore, often times more so than men. The importance of finding meaning after retirement, which can affect one’s life in ways that you wouldn’t think possible. How what the baby boomers have been through, and the knowledge gained, can be used to help the younger generations. The type of Social Security related issues that are often talked about on Lustre. Advice for those who are approaching retirement and information about how to joint the Lustre movement.     Relevant Links: https://www.lustre.net Connect with Karen & Erica and Lustre: LinkedIn: https://www.linkedin.com/company/lustre-llc/ Facebook: https://www.facebook.com/thelustrelife Twitter: https://twitter.com/lustre_life Instagram: http://instagram.com/lustre.life   Learn more about your ad choices. Visit megaphone.fm/adchoices

  Securing The Future Of Your Heirs With Estate Planning   Welcome to episode #13 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Allison B. Cruz and they discuss the specifics of estate planning and wills and in general some of the issues that retirees have to think about when it’s time to plan passing down their resources. More than two decades of experience has made Allison comfortable in a court setting, skilled in negotiations, creative in developing solutions, meticulous with the drafting of documents and trusted in advising clients. Community dedication is important to Allison. Her commitments to the Monterey Bay area are as: -      Committee Member for the Animal Shelter of Santa Cruz County, educating the public in planning for beloved pets when caregivers are no longer able to do so. -      Vice President of the non-profit, For Kids Foundation Monterey Bay, which funds the critical needs of local youth. -      Founder of the chapter, Trips for Kids Santa Cruz, providing opportunities for under-privileged, at-risk teens to enjoy a healthy activity and achieve confidence through mountain biking.     Here is what to expect on this week’s show: Why Allison went into the law and estate planning, and in general why she decided to help retirees and soon-to-be retirees. The amount of emotional interactions that Allison experiences in her line of helpful work with her client. The tax implications of the work Allison does with her clients. Useful information about the probate process and how wills work exactly. Why setting up your will and probate can actually help you while you are still alive. Advice about how you can leave money for beneficiaries after you pass. What helps you to be prepared for retirement, how can you make sure that you’ll be able to handle the process smoothly? Why education, and being open to having these conversations, is so important to being successful with the decisions this stage in life entails. What you need to do if you’re going to cut someone out of your will and they’re not going to be expecting that. Changes to Medicare and Social Security that Allison would make if she had the power to.   Allison’s website: https://www.allisonbcruz.com/         Learn more about your ad choices. Visit megaphone.fm/adchoices

Fascinating insights from this economics trained financial software developer. Welcome to episode #35 of Social Security: Answers From The Experts with Martha Shedden. In this episode, Martha sits down with Doug Carey, and have an in depth discussion about smart social security planning and the advantages of financial planning software. Doug Carey is the owner and founder of WealthTrace, a one webspace online solution for financial planning for both financial advisors and consumers. He is a Chartered Financial Analyst (CFA), with over 20 years of experience in financial fields. Mr. Carey holds a master’s degree in Economics from Miami University in Oxford, Ohio and a B.S. degree in Economics, with an emphasis in Finance, from Ball State University. Impressively, even at the very roots of his career in 1997, he began managing money as a portfolio manager for National City Bank helping to oversee over $10 billion in assets. He had managed money for pension funds, 401(k) funds, mutual funds, large companies, and endowment funds. He has helped a tremendous number of families with their financial planning through the last 2 decades. Prior to building and launching WealthTrace, Mr. Carey helped build a financial software company where he designed and created software to help portfolio managers, as well as investment professionals analyze and manage portfolios and securities.   Here is what to expect on this week’s show: How Doug got his start in financial planning and why he chose to revolutionize financial software. Who the target audience of financial planning software is. Benefits of financial planning through WealthTrace over other software and benefits of financial planning software in general. Reasons for hiring a financial planner and reasons to use financial software. Roth IRA vs. traditional IRA accounts. Couples social security planning through financial planning software. Value of planning social security. How what is happening now in social security planning will affect future generations. Misconceptions about social security planning. How past economic policies affect current social security planning.   Relevant Links: https://www.mywealthtrace.com/   Connect with Doug: LinkedIn: https://www.linkedin.com/in/douglascarey2/   Learn more about your ad choices. Visit megaphone.fm/adchoices

  The Danger Of Social Security “Short-Term” Thinking   Welcome to episode #12 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Dave Freitag and they discuss his educated views on all sorts of retirement and Social Security issues, and expose many options that people have available to them unknowingly. David Freitag, an industry veteran in financial services and wealth management, brings a deep passion and unparalleled expertise in Social Security filing strategies and retirement income planning to his current role as a financial planning consultant with Massachusetts Mutual Life Insurance Company (MassMutual). He has been featured in Market Watch, CNBC, USA Today Money, and The Street.Com. David holds Chartered Life Underwriter, Chartered Financial Consultant, Chartered Retirement Planning Consultant designations, and his Series 7 and 24 securities licenses. He also holds a Master of Education and Bachelor of Science degrees from the University of Maryland.   Here is what to expect on this week’s show: A little bit about Dave’s background and how he came to be a financial planner who is so interested in Social Security. The common mistakes that Dave’s sees people making as they plan for retirement. An example of how a holistic approach to Social Security decisions is the right way to go, showing that everyone’s story is different. Shocking statistics of assumptions that people have about their Social Security benefits. Martha and Dave discuss the errant belief that “Social Security is broke”. How would Dave extend Social Security, in a healthy way, if he had the power to do so. How the baby boomer retirement experience differs from previous generations. Some interesting information about Dave you may expect from his job description. The importance of planning for one partners death affect upon the other financially early on.   Connect with Dave: LinkedIn: https://www.linkedin.com/in/dave-freitag-4a71093/ Twitter: https://twitter.com/DavidFreitag1 Email: DaveFreitag@Verizon.net   Learn more about your ad choices. Visit megaphone.fm/adchoices

Shauna the Tax Goddess, How Tax Planning is Like a Chess Game Welcome to episode #35 of Social Security: Answers From The Experts with Martha Shedden. In this episode, Martha sits down with Shauna A. Wekherlien, and have an in depth discussion about Tax Goddess services and how to lower, as well as minimize taxes when planning retirement. Shauna A. Wekherlien, CPA, MTax, CTC, CTS, is in the top 1% of the exclusive field of Certified Tax Coaches and Certified Tax Strategists in the U.S. (per AICTC). In 2004, she founded Tax Goddess Business Services, PC, a global team of over 85 specialists that use plain language (not tax code) to help business owners, investors, and entrepreneurs create plans of action. Before starting her own company, Shauna gained experience and sharpened her skills working at leading corporations such as KPMG and American Express. With over 24 years of experience in implementing innovative tax solutions, she, and the Tax Goddess team, have continued to actively create tax strategies that, so far, have saved businesses and individuals over $523 million! Her expertise has been featured by top media platforms such as Forbes, CNN Money, Daily Herald, Entrepreneur, CBS, FOX, ABC. Shauna’s passion and enthusiasm for helping businesses is tangible. She is a recipient of several awards for ingenuity, business intelligence, and leadership in her professional community.   Here is what to expect on this week’s show: How Shauna became a ‘Tax Goddess’. The way ‘Tax Goddess’ services focuses on retirement planning and tax strategies. How a retiree’s social security is affected by their taxes and mistakes people make in planning. What should financial professionals know about a smart tax strategy and the way this relates to social security planning. Biggest mistakes that individuals make that affect their retirement planning. Use of insurance as a tool for retirement. Most important takeaways for financial and tax professionals who help clients with social security and retirement planning. Retiree’s biggest fears related to taxes. What tax professionals can do to stay on the cutting edge of their business besides paying attention to tax rule changes.     Relevant Links: Links: https://taxgoddess.com/   Connect with Shauna: LinkedIn: https://www.linkedin.com/in/taxgoddess/   Learn more about your ad choices. Visit megaphone.fm/adchoices

Thoughts From A Major Online Social Security Influencer   Welcome to episode #7 of Social Security: Answers From The Experts with Martha Shedden. In this highly informative episode Martha sits down with Devin Carroll, and they talk about many aspects of Social Security planning as well as Devin’s views on the issues with the social security program and how to improve it.  Devin Carroll is a Financial Planner, Social Security nerd, and entrepreneur. He has been a contributor to The Smarter Investor since 2018. He is a financial planner at Carroll Investment Management based in Texarkana, Texas, in 2010. Devin also is the founder of SocialSecurityIntelligence.com, a website dedicated to understanding Social Security benefits. More than a million people will read his blog and watch his YouTube channel every month. In the world of Social Security, Devin is a real influencer.     Here is what to expect on this week’s show: Information about Devin’s background and how he became one of the most respected and listened to online influencers around Social Security. How there is a lack of help for clients to understand Social Security. The regrets about Social Security that Devin often hears on his YouTube channel and facebook group. How retirees are striving to make more informed decisions when filing for social security. Trends that Devin is seeing in Social Security claiming decisions over the past decade. The importance of seeking help from someone who knows the social security program. The changes Devin would make to Social Security if he had the power to enact them. What Devin finds interesting about pensions and how they relate to Social Security. Headlines versus the truth on reforms that don’t help people much. How the government can take away a citizen’s benefits. Links mentioned:   https://www.socialsecurityintelligence.com   Connect with Devin: LinkedIn: https://www.linkedin.com/in/devin-carroll/ YouTube: https://youtube.com/c/DevinCarroll Facebook group: https://www.facebook.com/groups/428684237572614/     Learn more about your ad choices. Visit megaphone.fm/adchoices

Nationally Recognized Expert Mark Miller Shares His Insights On Retirement And Aging Trends Welcome to episode #26 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Mark Miller and they explore his wealth of knowledge as concerns Social Security and retirement planning, as they currently are and what they may become in the years ahead. Mark is a journalist, author and podcaster specializing in coverage of retirement and aging. He contributes regularly on retirement to The New York Times, and writes columns for Reuters, Morningstar.com and We althManagement.com. He is the author of Jolt: Stories of Trauma and Transformation and The Hard Times Guide to Retirement Security. He also publishes a weekly podcast and newsletter:   Here is what to expect on this week’s show: What trends is Mark currently seeing as related to retirement and aging. Mark’s vision of the future for the improvement (or not) of advisors providing a more holistic approach to retirement planning. Where financial planners can get more information, and tools, to stay up to date on Social Security and retirement issues. A look at spending trends for recently retired people and the implications for how you approach your financial planning. What is the future of Medicare, will it be around forever? What is the future of Social Security benefits? Some of the most common misunderstanding that Mark’s sees people having related to Medicare and Social Security.     Relevant Links: http://retirementrevised.com/ http://hardtimesretirement.com/   Connect with Mark Miller: LinkedIn: https://www.linkedin.com/in/markjmiller/ Twitter: https://twitter.com/RetireRevised/ Facebook: https://www.facebook.com/pages/RetirementRevised/157018898907     Learn more about your ad choices. Visit megaphone.fm/adchoices

An Expert’s Easy-To-Understand Conclusions Of Complex Investment Concepts   Welcome to episode #8 of Social Security: Answers From The Experts with Martha Shedden. In this highly informative episode Martha sits down with Mark Hulbert and they discuss his views on retirement, Social Security, and how he believes one should approach these important decisions. Mark is a senior columnist for MarketWatch and Dow Jones. He is a seasoned financial expert with over four decades’ experience analyzing investments and market trends. He is adept at translating complex investment concepts into easy-to-understand conclusions as a columnist, newsletter editor, frequent guest on TV and radio, and leader of investment seminars and workshops. Mark founded a company that created the world’s largest database of investment advisers’ recommendations and developed methods for analyzing the advisers’ returns using sophisticated statistical methods.     Here is what to expect on this week’s show: A little background into how Mark came to work not only in finance but to write about it for some many different popular outlets. Investment trends Mark is seeing right now that retirees and soon-to-be retirees should be aware of at this moment, especially as concerns bonds and stocks. How information about the “average” retiree and their savings/investments can be confusing about deducing what that means for your financial planning. What are people doing when they handle their Social Security decisions and retirement planning that leads to so many needing to work part time? Did the fed makes things easier or worse with the Cares Act of 2020? Information about the questions that Mark often gets asked about Social Security. The 2-3 most important takes always, for Mark, for those about to make important Social Security and retirement planning decisions. Why it’s important to not forget about what’s really important in your retirement and why this is more important than finances. Links mentioned: https://www.marketwatch.com/author/mark-hulbert   Connect with Mark: LinkedIn: https://www.linkedin.com/in/markhulbert/ Twitter: https://twitter.com/MktwHulbert     Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill Arnone Shares His Extensive Historical Knowledge On Social Insurance   Welcome to episode #18 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Bill Arnone and Bill share’s his extensive knowledge about America’s Social Insurance programs (Social Security, Medicare, Unemployment Insurance, etc.). Bill Arnone is the CEO of the National Academy of Social Insurance. A founding Member and former Board Member of the National Academy of Social Insurance, Bill is now contributing his expertise in retirement security and employee benefits law by serving as Co-Chair of the Academy's 22nd Annual Policy Conference, Beyond the Bad Economy: Jobs, Retirement, Health and Social Insurance. Arnone was a Partner in the Business Tax Services practice of Ernst & Young LLP, specializing in Employee Financial Education and Counseling. Before joining Ernst & Young in 1994, Arnone was a Benefit Consultant and Director of Retirement and Financial Planning at Buck Consultants.   Here is what to expect on this week’s show: Information about how Bill got into politics and why he decided to study law but not become practice law at all. How Bill made the switch into helping others’ “financial well being” through consulting private companies. The unfortunate truth that people do not plan for their retirement in a smart way. Information about the National Academy Of Social Insurance. The generational challenge that repeats itself in terms of the social insurance programs that people can partake in. The four pillars of social insurance, and what they are aimed at addressing. How can America create a “short income” for everyone at every stage of life, no matter the route in life that American takes. A look at the “Millennial Myth” that Social Security and Medicare won’t be there for younger Americans when they get older. How has covid-19 affected the social insurance programs, and what does this mean for the next unforeseen catastrophe? What soon-to-be retirees can do to actually improve their retirement finances (and common mistakes).     Relevant Links: https://www.nasi.org/   Connect with Bill & NASI: LinkedIn: https://www.linkedin.com/in/william-arnone-25986b2/ Facebook: https://www.facebook.com/NationalAcademyofSocialInsurance Twitter: https://twitter.com/socialinsurance Email: Warnone@nasi.org   Learn more about your ad choices. Visit megaphone.fm/adchoices

  A CFP’s Deep Dive Into Women-Specific Holistic Retirement Income Planning   Welcome to episode #15 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Nadine Burns and they discuss Nadine’s views on retirement planning, especially for women, and why they should think about the financiers of retirement differently then men do. Nadine is currently the President and CEO of A New Path Financial, LLC, a Financial Planning firm in Ann Arbor. Nadine is a Certified Financial Planning Professional who looks at your entire financial picture, where you are currently, and works with you on a roadmap to help achieve your goals and dreams. She deals heavily with people in retirement and soon-to-be retirees. Although she works with a wide variety of clients, Nadine has a special place for “Smart Women,”or those women who want to know more about their financial well-being. Women tend to have several balls in the air at once and appreciate someone who is looking into their full financial life, placing them first in priority and making sure that all financial bases are covered.     Here is what to expect on this week’s show: A look at Nadine’s background and why she decided to go into financial planning. Some of the ways that A New Path Financial actually customizes the experience their clients have so as to better serve them. How Nadine helps clients to decide when the correct time to collect Social Security is, as well as how she helps them to plan their monthly/yearly finances. How often Nadine reviews her financial plans with her clients. Some of the conversations that happen surrounding the taxability of Social Security benefits. How to think about the equity you’ve created in your home for your retirement. How Nadine defines success when it comes to Social Security and financial planning for retirement? Why women need to think about long term financial planning more so than men do. What changes would Nadine make to Social Security if she was in control.   Relevant Links: https://www.anewpathfinancial.com   Connect with Nadine:   LinkedIn: https://www.linkedin.com/in/nadine-burns-a288a71/ Facebook: https://www.facebook.com/nadine.burns.58 Email: nburns@anewpathfinancial.com Nadine’s address & disclosure:  3003 Washtenaw Avenue, Suite 4, Ann Arbor MI 48104 Securities offered through Sigma Financial Corporation, member FINRA (FINRA.org) and SIPC (SIPC.org). Investment Advisory services offered through Sigma Planning Corporation, a Registered Investment Advisor. A New Path Financial, LLC is independent of Sigma Financial Corporation and Sigma Planning Corporation.   Learn more about your ad choices. Visit megaphone.fm/adchoices

RSSA Financial Professional Shares Social Security Expertise Stories   Welcome to episode #21 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Brian Keith Moon and they talk about his experience, and knowledge, as an accomplished RSSA qualified financial advisor. Brian Keith Moon is a Wealth Manager and Chief Compliance Officer with Toro Bravo Investment Advisors. Brian Moon is a Registered Social Security Analyst (RSSA) and has a Certificate for Financial Planning from Boston University. With over 20 years of financial industry experience he has previously worked with institutions such as AIG, Edward Jones, BrokersXpress, ISC Group, and SCF Investment Advisors Inc. Brian also carries the Certified Financial Fiduciary (CFF) designation. This designation demonstrates a commitment to serving clients best interests.     Here is what to expect on this week’s show: A little information about Brian’s background in being a financial advisor. Why Brian first saw that being an RSSA financial professional would be a good idea. Why being RSSA certified is better than just taking other Social Security courses. What it’s like to work with clients after Brian became an RSSA (and why it’s such a helpful thing). How does Brian get the word out about what he does? The value of having an excellent understanding of Social Security as a financial advisor. How can people stop letting their emotions guide their financial decisions? Final advice for soon-to-be retirees who are starting to make financial decisions for their retirement.     Relevant Links: http://www.torobravoadvisors.com/   Connect with Brian & Toro Bravo Investment Advisors: LinkedIn: https://www.linkedin.com/in/brian-keith-moon-rssa-cff-677335b1/ YouTube: https://www.youtube.com/channel/UC_sEt4QY_6OKdALqoVSuZpg/featured Facebook: https://www.facebook.com/Torobravoadvisors Phone: 806-359-7766   Learn more about your ad choices. Visit megaphone.fm/adchoices

A Hidden Retirement Asset, Reverse Mortgages Explained   Welcome to episode #3 of Social Security: Answers From The Expertswith Martha Shedden.In this highly useful episode of the show Martha sits down with Marina Watts and they dive into the topics of reverse mortgages. Marina is a Mortgage Loan Officer for HighTechLending, Inc. Maria enjoys working with seniors to help them better their lives, which makes her a perfect fit as a reverse mortgage consultant.Marina brings patience, listening skills, honesty, integrity, and enthusiasm to all of her clients. She strives to fully educate people on the process and intricacies of today’s reverse mortgages.Prior to her work as a reverse mortgage loan officer and broker, Marina worked as a solar energy consultant and book publishing consultant. Marina earned her bachelor’s degree from the University of California, San Diego, and pursued graduate work at Portland State University and Golden Gate University School of Law.   Here is what to expect on this week’s show: The personal story that led Marina to pursue reverse mortgages as a career choice. The history of reverse mortgages and who they work well for. Marina addresses if you can sell your home with a reverse mortgage and how that works if you do. Other common misconceptions that people have about how reverse mortgages operate. How Social Security decisions and a reverse mortgage can operate together to give retirees lots of good options. How a reverse mortgage works if you would like to pass on your home to your children. How does increasing property prices affect how one would address getting a reverse mortgage? Different scenarios that show how reverse mortgages are very individualized and how everyone’s details will be different, but the result is usually positive.   Links Mentioned: https://marinawatts.com/   Connect with Marina: YouTube: https://youtube.com/channel/UCbJXRM8_c-H-2HHFqU_NpKg/ Facebook:https://facebook.com//groups/404508506669621/ LinkedIn: https://linkedin.com/in/maureenwatts/ Learn more about your ad choices. Visit megaphone.fm/adchoices

  Alicia Munnell Of the Center for Retirement Research Shares Her Extensive Social Security Knowledge And Advice   Welcome to episode #14 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Alicia Munnell and they discuss the major issues facing Social Security and retirees at the moment. With Alicia’s extensive knowledge on these issues this is certainly an episode you’ll want to listen to. Alicia H. Munnell is the Peter F. Drucker Professor of Management Sciences at Boston College’s Carroll School of Management. She also serves as the director of the Center for Retirement Research at Boston College. Before joining Boston College in 1997, Alicia Munnell was a member of the President’s Council of Economic Advisers (1995-1997) and assistant secretary of the Treasury for economic policy (1993-1995). Previously, she spent 20 years at the Federal Reserve Bank of Boston (1973-1993), where she became senior vice president and director of research in 1984. She has published many articles, authored numerous books, and edited several volumes on tax policy, Social Security, public and private pensions, and productivity.     Here is what to expect on this week’s show: A little bit about Alicia’s very impressive background and what inspired her to study economics and become interested in retirement issues. Does the Center for Retirement Research’s studies make a high level impact on policy? Why does Alicia feel that Social Security is the most valuable program that the U.S. government runs? Is there a political will to fix the issues that Social Security is currently facing? How is it that a program that pretty much everyone loves continues to not get enough attention? A look into the incredible opportunity that is reverse mortgages and why people are ignoring this amazing option for their financial life. A look at how 401k and IRAs are operating for retirees and soon-to-be retirees and suggestions about how to look at them. Besides just saving more what can people do to secure their retirement finances in a better way? How Alicia’s time at the Federal Reserve Bank of Boston has informed her views on saving for retirement. What actions would Alicia take to help keep Social Security solvent and healthy?   Relevant Links:  https://crr.bc.edu   Connect with Alicia & CRR Boston College:  LinkedIn: https://www.linkedin.com/in/alicia-h-munnell-7babb34/ Facebook: https://www.facebook.com/alicia.munnell Twitter: https://twitter.com/RetirementRsrch   Learn more about your ad choices. Visit megaphone.fm/adchoices

Award-winning Financial Journalist Bob Powell Shares His Unparalleled Retirement Planning Expertise Welcome to episode #32 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Robert Powell and they discuss financial advisors, Social Security, Medicare, IRAs, and more. Robert Powell, CFP®, is an award-winning financial journalist whose work appears regularly in MarketWatch.com, USA Today, TheStreet.com, The Wall Street Journal, and AARP. He is the editor and publisher of TheStreet’s Retirement Daily and editor of TIFIN’s RetirementInvestor.io. For decades Robert has been a sought after expert and author on all things related to retirement, Social Security and Medicare.   Here is what to expect on this week’s show: What should people be aware of concerning the future of Social Security and retirement planning? Why spending of savings in retirement is one of the hardest problems in finance. Different ways to hedge against an end of life costly medical emergency. A look at the average retirees biggest fear and what to do about it. Tried and true pieces of advice that Robert finds himself routinely giving out. A look at annuities and Roth IRA conversions and how to understand these complex financial tools. Where are financial professionals routinely failing their clients, where can we get better? Advice about your Medicare decisions.   Relevant Links: https://retirementdaily.net   Connect with Robert: LinkedIn: https://www.linkedin.com/in/powellrobert/ Twitter: https://twitter.com/RJPIII Learn more about your ad choices. Visit megaphone.fm/adchoices

Retirees: Seek Out This Type of Education-Oriented Retirement Planning Welcome to episode #28 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Josh Strange and they discuss his view of retirement planning and Social Security for consumers, financial advisors, and business owners. Josh, a CFP, is founder and president of Good Life Financial Advisors of Nova in Alexandria, Virginia. He served in the U. S. Air Force as an Intelligence Analyst and graduated from the University of Maryland Global Campus. Prior to founding Good Life Financial Advisors of NOVA, Josh was a financial advisor at two major regional banks and was a member of the advisory council at both banks. Here is what to expect on this week’s show: Are a significant portion of Josh’s clients waiting to claim Social Security at full retirement age or later? The most common misconceptions Josh sees people make with Social Security. The most common blind spots when it comes to financing and planning for retirement. What is the ideal age to have people begin working with clients for their financial planning? What can pre-retirees do to start planning well for retirement but not also be unrealistic? The average demographics of the clients that Josh works with. Advice for business owners about the Social Security decisions for their employees.   Relevant Links: https://www.goodlifefinancialnova.com/ Connect with Josh and Good Life Financial Advisors Of Nova: LinkedIn: linkedin.com/in/joshstrangedc Twitter: https://twitter.com/RPGPLAN Facebook: https://www.facebook.com/goodlifefinancialnova Learn more about your ad choices. Visit megaphone.fm/adchoices

“Still Syndrome” & “Unretirement”: Debunking The Negativity Of Aging Welcome to episode #2 of Social Security: Answers From The Experts with Martha Shedden. In this stellar episode Martha sits down with Chris Farrell and they discuss how people should think about and plan for claiming Social Security and retirement in general.  Chris is currently the senior economics contributor at Marketplace, American Public Media’s nationally syndicated public radio business and economic program. He is also economics commentator for Minnesota Public Radio and host of its series Conversations on the Creative Economy as well as a columnist for PBS Next Avenue and the Star Tribune. He has published five books on personal finance and the economy including, most recently, Purpose and a Paycheck: Finding Meaning, Money, and Happiness is the Second Half of Life. Here is what to expect on this week’s show: How Chris became an author who writes about retirement and its implications for health, happiness, and security. Chris’ thoughts about elderly people being able to learn new skills and technologies and the implications for this and the larger economy.  A look at Chris’ book about baby boomers retiring and the surprisingly positive effects it may have on the economy.  Why Chris wants to push back on the idea that retirement means switching to a life of leisure.  Thoughts on the interplay between finances, meaning, and happiness. What is flawed about the retirement system in the United States, and what changes could be made to it.  Why planning Social Security decisions as a couple is usually much better, if the conversation and planning actually occurs.  Thoughts about when to claim Social Security and how much of your income to devote to saving for retirement.  Links Mentioned: https://chrisfarrell.net/ Connect with Chris: Twitter: https://twitter.com/cfarrellecon LinkedIn: https://www.linkedin.com/in/chris-farrell-596ab76/ Good Reads: https://www.goodreads.com/author/show/374831.Chris_Farrell YouTube: https://www.youtube.com/results?search_query=%23EconMPR Learn more about your ad choices. Visit megaphone.fm/adchoices

This RICP Specializes In WEP & GPO – How Pensions Affect Your Social Security Benefit Welcome to episode #31 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Christopher Hensley and they discuss his views surrounding how to successful plan for retirement, how to handle Social Security decisions, and what the future of financial planning may look like in our ever changing world. Christopher Hensley is the President and CEO of the Houston First Financial Group, in addition to being a Financial Advisor. He chose to work in the financial services industry because his passion is helping people achieve their life goals. He is licensed by FINRA and holds his series 7, 66, 9, and 10. Christopher received his Retirement Income Certified Professional® designation from the American College of Financial Services. He has worked with such Fortune 500 companies as Merrill Lynch and UBS Financial Services, as well as the non-profit organization MMI- Consumer Credit Counselors Southwest.    Here is what to expect on this week’s show: A look at what Chris is doing now and why exactly he chose to help people achieve their financial goals as his job. Chris’s thoughts on the current situation, concerning inflation and rate hikes. A look at Houston First Financials’ Retirement Roadmap System and ‘the 3 Ds’. Some of the effects of the pandemic upon the Social Security Administration. A glimpse of Chris’s view surrounding Social Security claiming decisions. What are the most common misconceptions Chris finds his clients have surrounding Social Security? How might the Ukraine – Russia conflict affect retirement planning?   Relevant Links: https://www.houstonfirstfinancialgroup.com/ https://moneymatterspodcast.com/   Connect with Chris & Houston First Financial LinkedIn: https://www.linkedin.com/in/christopher-hensley-9584449/ Twitter: https://twitter.com/Christo17630449 Facebook: https://www.facebook.com/moneymattersradio?pnref=story Learn more about your ad choices. Visit megaphone.fm/adchoices

Health And Financial Wellbeing Are Connected - Learn About The Triple Tax Advantage Of Health Savings Accounts Welcome to episode #29 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Kevin Robertson and they breakdown everything you need to know about Health Savings Accounts (HSAs), and how this type of account can give you tax savings and come in handy for future health costs that you’re sure to face. Kevin Robertson serves as Senior Vice President, Chief Revenue Officer, where he is responsible for leading the growth strategy and organization at HSA Bank. Kevin has worked for HSA Bank since 2015 and has more than 20 years of experience in banking, insurance, and financial services. He is well versed in issues related to Social Security, health savings accounts, benefits, and retirement. Here is what to expect on this week’s show: A breakdown of what exactly a Health Savings Account is and how it can offer you impressive tax savings. When exactly would you have had to join a HSA to see the best results for your money and why? How it is the HSAs cover close to 70 million Americans.- What age should pre-retirees start thinking about joining an HSA for themselves? How can one use an HSAs to build more savings through self directed investment options? What should employers know about HSA programs? The implications for people creating a HSA account for themselves in different personal situations. Where one can go to learn more about if an HSA is right for them, to do some quick personal financial calculations, and understand this unique retirement option fully.   Relevant Links: https://www.hsabank.com/hsabank/homepage   Connect with Kevin and HSA Bank: LinkedIn: https://www.linkedin.com/in/kevin-robertson-a8b3a57/ Twitter: https://www.twitter.com/hsabank Facebook: https://www.facebook.com/hsabank Learn more about your ad choices. Visit megaphone.fm/adchoices

Medicare Expert’s Unique Service To Maximize Savings & Benefits While Minimizing Complexity Welcome to episode #24 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Cory Metzman of Chapter and he gives a through breakdown of many issues surrounding Medicare, including tips and useful information if you are on Medicare or soon will be. Corey Metzman has spent his career focused on the healthcare industry. He started his early career at McKinsey & Company working with heath systems, insurance companies, and public health organizations. He is currently the Chief Operating Officer and co-founder at Chapter, a technology-driven Medicare advisory organization that empowers older Americans to navigate Medicare.   Here is what to expect on this week’s show: Advice for people approaching 65 years old who want to simplify the Medicare process as they now receive mountains of mail about it. How is Cory’s company able to minimize cost and complexity surrounding Medicare for people. The types of Medicare policies that Chapter advises on and to who exactly. Why Medicare decisions are different than Social Security decisions and what this means for picking your plans. What are the most common misunderstandings about Medicare that have the most effect on people’s lives? A breakdown of many of the specifics of different Medicare plans and supplemental plans as well. Some tips for ways to save yourself money for different Medicare plans you may be on. Certain crossovers between Medicare and Social Security for Corey’s clients at Chapter.   Relevant Links: https://askchapter.org/   Connect with Cory & Chapter: LinkedIn: https://www.linkedin.com/in/corey-metzman-a1a87243/ Co. LinkedIn: https://www.linkedin.com/company/joinchapter Facebook: https://www.facebook.com/ChapterMedicare Phone: 855-900-2427     Learn more about your ad choices. Visit megaphone.fm/adchoices

Social Security Legend Nancy Altman Shares Her 50 years + Of Experience With The Program. Welcome to episode #23 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Nancy Altman and they deliver a thorough breakdown of how Social Security works, why it’s so important, and what’s happening politically around it. Nancy has a forty-five year background in the areas of Social Security and private pensions. She is the president of Social Security Works and chair of the Strengthen Social Security coalition. She is also the author of The Battle for Social Security: From FDR’s Vision to Bush’s Gamble as well as The Truth About Social Security: The Founders’ Words Refute Revisionist History, Zombie Lies, and Common Misunderstandings. She is also the co-author on a few other books that address Social Security issues and concerns.   Here is what to expect on this week’s show: A look at how Nancy became interested in Social Security topics, enough to make it her career. Information about the effects of the 1983 Social Security amendments and Nancy’s influence upon them. A look at who wants us to believe that Social Security will collapse and why (referring to the billionaire funded campaign behind this). A look at the most common lies and misunderstandings about Social Security (and specifically it’s effect on the national deficit). Why is it so hard for lawmakers to get anything passed as relates to Social Security? What exactly is FICA (the Federal Insurance Contributions Act) and why is it so important? Multiple looks at the history of Social Security, it’s surpluses, and how it came to be such an efficient and useful tool for American society. What changes should happen for lower and middle class paychecks and how does that affect Social Security? A look at the state by state reports that Nancy puts out at Social Security Works. What would FDR think about the way we care for and think about Social Security as a society today?     Relevant Links: https://socialsecurityworks.org/   Connect with Nancy & Social Security Works: LinkedIn: https://www.linkedin.com/in/nancy-altman-280b313a/ YouTube: https://www.youtube.com/user/wearesocialsecurity Facebook: https://www.facebook.com/socialsecurityworks/ Twitter: https://twitter.com/SSWorks     Learn more about your ad choices. Visit megaphone.fm/adchoices

Insurance Expert Pamela Fugitt-Hetrick Unravels The Mysteries Of Medicare Welcome to episode #9 of Social Security: Answers From The Experts with Martha Shedden. In this highly informative episode Martha sits down with Pamela Fugitt-Hetrick. They discuss her views on Social Security, retirement planning, and most importantly her take on Medicare and how you can approach it’s decisions most successfully.  Pamela spent over 20 years providing healthcare prior to becoming an insurance broker. For over 13 years she has been helping clients “unravel the mysteries of health insurance”. As the Affordable Care Act/Obamacare was developing, Pam made sure to keep up on the latest changes. She has been sharing her expertise not only with clients, but with the community via her weekly radio show “Money Moves”. Pamela is a Certified Agent for Covered CA, Endorsed Local Provider for Dave Ramsey, Past President of NAIFA Monterey Bay, and former Navy Hospital Corpsman. Here is what to expect on this week’s show: Information about Pam’s background and why she decided to work around Social Security, healthcare and finances for retirees. What mysteries exists that soon-to-be retirees should know about that they don't even know they’ll soon face? The most common questions that Pam is receiving recently regarding Social Security. Issues that the pandemic brought up for Pam when advising retirees.  The importance of delayed gratification and the unfortunate fact that so many people never learn this “skill”. How Pamela chooses to market herself and her business.  Some changes that have occurred recently, and that might occur in the future, in Washington concerning Medicare. Information about the penalties people receive through Medicare for not enrolling in the correct way. The changes to Medicare that Pam would make, if she could, and why.  Links mentioned: https://www.cdcis.net/ https://www.lowcostcahealth.com/ pamelafugitt-hetrick.com   Connect with Pamela: LinkedIn: https://www.linkedin.com/in/pamfh/ Twitter: https://twitter.com/lowcostcahealth Facebook: https://www.facebook.com/pamela.fugitthetrick Learn more about your ad choices. Visit megaphone.fm/adchoices

Social Security, The “Launching Pad” to Comprehensive Retirement Planning   Welcome to episode #20 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Kathy Indiano and they discuss her career as a CPA and how she has helped people navigate financial related retirement issues and Social Security issues as well. Kathleen is a Certified Public Accountant and a FInancial Advisor who has 30 years of experience in individual and small business taxation with emphasis in financial and legacy planning. She received her BBA from Cleveland State University and worked for one of the top six public accounting firms prior to spending six years as controller of Realty One Property Management. Kathleen is dedicated to assisting individual and corporate clients in building a strong financial foundation through a well-defined strategic planning process. Extensive knowledge of the tax law, combined with her financial planning experience, allows for an additional level of service.   Here is what to expect on this week’s show: A look into Kathy’s background and why exactly she went into being a CPA and to work around retirement. Why Kathy decided to help people with Social Security. Issues related to the average knowledge surrounding accounting for average people. How Kathy helps people with retirement issues and Social Security concerns. A story about how Kathy once helped someone with a retirement issue before it became a major concern. A look at the current issue of inflation and how that’s affected how Kathy gives advice. What changes to Social Security would Kathy make, and why, if she was in control of the Social Security program. Advice for other financial professionals who deal with retirement issues and Social Security.     Relevant Links: http://www.indianocpa.com/ Connect with Kathy: Email: KIndiano@indianocpa.com LinkedIn: https://www.linkedin.com/in/kathleen-indiano-33b19a124/   Learn more about your ad choices. Visit megaphone.fm/adchoices

 Understanding Behavioral Finance, The secret To This Advisor’s Success   Welcome to episode #17 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Kris Flammang she picks his brain about many different topics related to financial planning, retirement planning, and how exactly he is able to service his clients so well. Kris is a co-owner of LPF Financial Advisors. Kris has been in financial services since 1999 after moving to Florida from his home state of Nebraska. He currently carries the Chartered Retirement Planning Counselor(CRPC) Accredited Investment Fiduciary(AIF) and Behavioral Financial Advisor (BFA) designations. He has co-authored a book on personal financial planning as well.     Here is what to expect on this week’s show: Information about Kris’ background and the how being a scuba diving instructor eventually led him to become a financial planner. Why Kris decided to get his Behavioral Financial Advisor designation. How Kris evaluates the work vs life balance in his life and his advice for others. Information about the almost 1200 families that Kris gives financial advice to. A look at the demographics of the people that come to Kris for help in financial planning. A look at the philosophical reasons that led the U.S. to the financial crisis of ’08, which Kris talks about in a book he co-wrote. A story about how Kris was able to help a client to really help their financial life as they approached retirement age. Why being honest with someone trying to help you figure out your finances will lead to such better results for everyone. The role of trust in the client and financial planner relationship (it’s not as simple as it may seem). The most common questions regarding Social Security that Kris’ clients should be asking but unfortunately usually do not.     Relevant Links: https://www.lpfadvisors.com   Connect with Kris: LinkedIn: https://www.linkedin.com/in/kristopher-flammang-crpc®aif®bfa®-97857453/ Facebook: https://www.facebook.com/kris.flammang Twitter: https://twitter.com/kflammang     Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to episode #22 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Geoffrey Brown and they discuss both exactly what NAPFA is and why what they do for their members could be important to you, as well as good advice for consumers who are trying to navigate the often confusing endeavor of working with a financial advisor.   Geoffrey E. Brown, CAE , is the Chief Executive Officer of the National Association of Personal Financial Advisors (NAPFA). In this role, he is responsible for the association's strategic direction, external relations, and ensuring its operational success. He has worked in the association management industry since 2000. Prior to joining NAPFA 2013, Brown had been an account executive with Sentergroup, a Chicago-based management consultancy specializing in associations and other nonprofit organizations.   Here is what to expect on this week’s show: How Geoffrey became interested in, and involved in, the management of associations (specifically financial ones). A breakdown of the different ways that financial professionals charge you for their services. Why fee-based financial professionals are often the ones you should stay clear of, but fee for service can be great (which is confusing). Information about the fiduciary oath and the code of ethics that members of NAPFA commit to on a yearly basis. The types of licenses and certifications that NAPFA members have. A look at the retirement planning that NAPFA members partake in with their clients. Do most financial advisors know enough to properly advise their clients on Social Security? What should people look for when deciding which financial advisor to work with, and how do you find your options to begin with? The importance of finding someone who works with the type of niche that you yourself fall into. The opportunities that NAPFA members look for to continually grow and better their businesses.     Relevant Links: https://www.napfa.org Connect with Geoffrey & NAPFA: LinkedIn: https://www.linkedin.com/in/geoffrey-brown-cae-9039484/ YouTube: https://www.youtube.com/channel/UCz5dfb61JHACZuH3lNSwmwA Facebook: https://www.facebook.com/NAPFAFeeOnly/ Twitter: http://www.twitter.com/NAPFA     Learn more about your ad choices. Visit megaphone.fm/adchoices

A CFP’s Current Thoughts On Retirement And Social Security, With Skip Schweiss   Welcome to episode #1 of Social Security: Answers From The Experts with Martha Shedden. In this highly informative episode Martha sits down with Skip Schweiss and they discuss a multitude of helpful topics related to retirement planning and Social Security. Skip Schweiss is a Certified Financial Planner, CFP, and an Accredited Investment Fiduciary, AIF. He recently served as the volunteer president for the Financial Planning Association (FPA), which is the principal membership organization for Certified Financial Planner professionals and those who support the financial planning process. A distinguished financial services executive and advocate for more than 30 years, Skip’s career has been focused on serving the needs of Registered Investment Advisors (RIAs) and increasing the awareness of financial advice delivered with a fiduciary standard of care.   Here is what to expect on this week’s show: Skip’s background story, why he went into financial services and how he eventually became the President of the FPA. A look at TD Ameritrade’sRetirement Plan Solutions platform, which Skip was responsible for, and the services it offered. Common financial mistakes Skip seen people make when they head into retirement, specifically as relates to Social Security. Some of the non-obvious effects on retirement causes by the fact that people are working and living longer on average. Some of the changes involved in the 2019 Secure Act and how they may affect you. What changes would Skip make, if he could, to Social Security and why. The helpful services a CFP can provide for those about to retiree, and how they can help them understand their Social Security options. Some fun things about Skip that you might find interesting! Connect with Skip: Twitter: https://twitter.com/SkipSchweiss LinkedIn: https://www.linkedin.com/in/skip-schweiss/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to episode #38 of Social Security: Answers from The Experts with Martha Shedden: Creating a Remarkable “Next Act” By Focusing on Core Values with Lucina Jackson Lucinda Jackson is the author of two memoirs: Just a Girl: Growing Up Female and Ambitious, about her struggles and wins to succeed in male-dominated energy and chemical companies, and Project Escape: Lessons for an Unscripted Life, an exploration of freedom and purpose after leaving a structured, full-on career. Jackson is a PhD scientist and global corporate executive who features on podcasts and radio and has published articles, book chapters, magazine columns, and patents. She is the founder of LJ Ventures, where she speaks and consults on energy and the environment and empowering women in the workplace and in our Next Act   Here is what to expect on this week’s show: The experience of a woman in a male-dominated industry. Sitting down and figuring out what your core values are to get the most out of retirement. Retirement mission statements. Turning your interests into a business and keeping that life balance. Guiding your retirement your way.   Relevant Links: https://lucindajackson.com/   Connect with Lucinda: LinkedIn: https://www.linkedin.com/in/lucinda-jackson Facebook: https://www.facebook.com/lucinda.jackson.33 Twitter: https://twitter.com/lucindaajackson Instagram: https://www.instagram.com/jackson_lucinda/?hl=en   Learn more about your ad choices. Visit megaphone.fm/adchoices

The Macro And Micro Economics Of Social Security    Welcome to episode #5 of Social Security: Answers From The Experts with Martha Shedden. In this highly informative episode Martha sits down with Laurence Kotlikoff, and they talk about many aspects of Social Security planning as well as Larry’s views on retirement financial planning in general. It is an episode filled with useful information that can be put to good use.  Laurence Kotlikoff is a professor of economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more. His company produces the world’s most powerful personal financial planning tools.     Here is what to expect on this week’s show: Information about Larry’s background, how his thesis paper in college helped steer him into what he does, and information about his best selling book on Social Security. Some of the most common questions Larry faces about retirement finances while he is writing his “Ask Larry” column. Information about the software that Larry helps to develop, software that aims at preserving and raising a family’s financial wellbeing. The “chicken and egg” problem that many families face, and how Larry addresses this in his financial planning. The changes Larry would make to Social Security, if he had the power to (this is very interesting!). The intriguing story of the two times that Larry ran for president as a write-in candidate.   How longevity risk is a real thing and how people make mistakes with this risk when it comes to Social Security decisions. Some important thoughts about how to think about investing in the market and when to turn to inflation index bonds. Links mentions: https://kotlikoff.net/ Kotlikoff@gmail.com Connect with Larry: Twitter: https://twitter.com/kotlikoff?lang=en LinkedIn: https://www.linkedin.com/in/laurencekotlikoff/ Facebook: https://www.facebook.com/laurence.kotlikoff   Learn more about your ad choices. Visit megaphone.fm/adchoices

  Brandon Steele’s (CFP) Holistic Retirement Planning Approach For Clients And Financial Planners   Welcome to episode #10 of Social Security: Answers From The Experts with Martha Shedden. In this highly informative episode Martha sits down with Brandon Steele and they discuss many topics regarding retirement and Social Security issues. Brandon is a Certified Financial Planner for Mainsail Financial Group. Brandon believes that the more knowledgeable you feel, the more empowered and confident you will be in making financial decisions. In April 2021, he released his first book, Retire by Design, which shares helpful strategies to help readers design a thoughtful retirement plan. Brandon truly enjoys the synergy that exists between the business and personal sides of life. As much as business is a part of his life, his life is also a part of my business. He strives to bring the two together when possible.    Here is what to expect on this week’s show: A little bit about Brandon’s history and what drove him to become a CFP and to help people with their important financial decisions. A look into what is wrong with the way that people normally approach their Social Security and financial retirement decisions. What does success look like in terms of retirement planning and Social Security? How should one really think about this? What will be the potential impact of future legislation on your IRA and potential decisions you can make concerning this. Information about how taxes work with Social Security benefits and retirement plans. What can you do to protect yourself from the effects of inflation in terms of your retirement finances? When exactly Brandon starts to work with his clients in terms of their age. Good (maybe unexpected) insights into how working while receiving Social Security works. Links: https://www.mainsailfg.com   Connect with Brandon: Email: Brandon@mailsailFG.com LinkedIn: https://www.linkedin.com/in/blsteele/ Twitter: https://twitter.com/brandon_steele_ Facebook: https://www.facebook.com/pages/category/Financial-Planner/Mainsail-Financial-Group-1167236293449528/ Instagram: http://instagram.com/theblsteele YouTube: https://www.youtube.com/channel/UCLdYRyOCfH9XkfAJus3xNJQ     Learn more about your ad choices. Visit megaphone.fm/adchoices

President of this 3rd generation planning-first firm explains how “behavior drives outcomes” Welcome to episode #34 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Lance Drucker and they have a long and in-depth discussion about the proper way to save for retirement, misconceptions that people have, and advice for handling Social Security. Lance Drucker is a financial advisor, author, and eminent speaker, and the President and CEO of Drucker Wealth Management. He authored the book “How to Avoid Bag Lady Syndrome: A Strong Woman's Guide to Financial Peace of Mind.” His company is a 3rd generation firm serving pre-retirees nationwide. He has been honored as a multi-year recipient of the Five Star Wealth Manager Award,* which was awarded to him in 2012, 2013, 2014, 2015, 2016 and 2017.     Here is what to expect on this week’s show: Why Lance decided to go into financial planning and help people to retire comfortably. The philosophy behind Lance’s approach to helping pre-retirees plan for retirement. Why planning for retirement is similar to a three-legged stool approach, and what those three legs represent. Important information about how to think about investing correctly long term to properly set yourself up. Some of the insights in Lance’s book, How to Avoid Bag Lady Syndrome: A Strong Woman's Guide to Financial Peace of Mind. The most common misconceptions that the average consumer, and the average financial advisor, have about Social Security.   Relevant Links: http://www.druckerwealth.com/   Connect with Lance: LinkedIn: https://www.linkedin.com/in/lancedrucker/ Twitter: https://twitter.com/druckerwealth   Learn more about your ad choices. Visit megaphone.fm/adchoices

Retirement Income Expert Tom Hegna Shares Financial Secrets To A Happy, Healthy Retirement Welcome to episode #30 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Tom Hegna and they discuss many aspects of his wide-ranging knowledge on retirement planning. This episode would be useful for both consumers and financial professionals who want to understand the current situation surrounding successful retirement planning. Tom Hegna is an economist, author, and retirement expert. He has been an incredibly popular industry speaker for many years and is considered by many to be the Retirement Income Expert. As a former First Vice President at New York Life, retired Lieutenant Colonel, and economist, Tom has delivered over 5,000 seminars on his signature "Paychecks and Playchecks" retirement approach, helping Baby Boomers and seniors retire the "optimal" way. He has condensed a large chunk of his considerable knowledge into 5 books. Here is what to expect on this week’s show: A look into Tom’s background, how he went into retirement issues and how his extensive experience in the Army plays into his life now. Why are the financials of retirement planning so different from other types of financial planning? (With examples of how this plays out) Important highlights from Tom’s PBS TV special Don’t Worry, Retire Happy. What financial planning help is most needed these days, and how has it changed recently over the past few years? What is it that the average thing that pre retiree do not understand about security and what problems are created by this lack of understand? Why must one use insurance products and annuities to remove retirement risks? What dilemmas do baby boomers face that other generations have not faced in the past? More information about annuities and the value of adding them to your retirement portfolio.   Relevant Links: https://tomhegna.com/ Connect with Tom LinkedIn: https://www.linkedin.com/pub/tom-hegna/40/83a/336 Twitter: https://twitter.com/tomhegnaspeaks Facebook: https://www.facebook.com/tomhegnaspeaks YouTube: https://www.youtube.com/c/tomhegna Email: info@tomhegna.com   Learn more about your ad choices. Visit megaphone.fm/adchoices

  Retirement Advice from a Successful Banker Turned Personal Finance Columnist   Welcome to episode #11 of Social Security: Answers From The Experts with Martha Shedden. In this highly informative episode Martha sits down with Elliot Raphaelson and he shares some very useful information about Social Security benefits, and how one can take advantage of them in ways many people are unaware of.   As a former bank executive, university lecturer and court mediator helping people resolve financial disputes, Elliot Raphaelson has seen all sides of the savings game and is no novice when it comes to writing about money. A retired executive of Chase Manhattan Bank, he has taught courses in personal financial planning at The New School for Social Research and at the U.S. Military Academy at West Point, and he has conducted seminars for Chase, Dow Jones & Co. and other corporations. He is currently teaching personal financial planning for Rollins College in Orlando, Florida, at the Rollins Center for Lifelong Learning. Raphaelson’s past publications include “How to Be Your Own Financial Planner” and “Planning Your Financial Future.” His writing has appeared in The New York Times, Town & Country, Vogue, Self, Savvy and Working Woman magazines. Raphaelson also worked as a certified mediator and trainer in a Florida county court, where he helped resolve personal financial problems of every description.   Here is what to expect on this week’s show: A look into Elliot’s background, which included 23 years at Chase bank before he became a highly respected writer. How and why Elliot started teaching a course of personal finance for the New School of Social Research, which greatly affected his career. Some of the most common questions that Elliot relieves for the columns he writers. How it is that his articles on Social Security get more questions and more of a response than his articles on other subjects. Some of the unexpected aspects of retirement finances that people routinely run into. Why your benefits can change greatly if you get divorced after 10 years of marriage as opposed to less than 10. Some useful information about survival benefits and how that works even if you get remarried or got divorce before one partner passed away. What changes to Social Security would Elliot make if he was in charge of the program. Links: https://tribunecontentagency.com/premium-content/business/personal-finance/the-savings-game/ https://muckrack.com/elliot-raphaelson/articles   Connect with Elliot: LinkedIn: https://www.linkedin.com/in/elliot-raphaelson-001aa396/         Learn more about your ad choices. Visit megaphone.fm/adchoices

Martha Shedden is the President and co-founder of the National Association of Registered Social Security Analysts. Tune in to her new podcast, Social Security: Answers from The Experts as Martha and her guests share useful insights into Social Security and retirement planning. Martha Shedden has extensive experience providing Social Security education, consulting, and analyses for individual clients as well as financial professionals, and has authored numerous Social Security white papers, seminar presentations and articles in financial publications.  On the show, Martha shares her own expertise in Social Security and retirement planning so that both soon-to-be retirees and financial professionals will gain valuable insights into the many facets of Social Security and answers to questions that they may not even know to be asking. Guests on Social Security: Answers from The Experts include professionals in all aspects of Social Security and retirement planning. Only 4% of retirees make their most optimal Social Security claiming decision. Whether you are approaching retirement or helping clients with Social Security in your profession, you’ll want to tune in each week for a dynamic conversation and important tips on these topics. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to episode #39 of Social Security: Answers from The Experts with Martha Shedden: Using a Holistic Approach to Retirement Planning by Taking Risk off the Table with Paul Tyler Paul Tyler serves as Chief Marketing Officer for Nassau Financial Group where he leads the marketing strategy, direct-to-consumer channel and innovation activity. Paul drives the branding of the insurance companies and affiliated asset management companies. He built a direct-to-consumer channel for Nassau Financial Group. In addition, he launched Nassau Re/Imagine, an Insurtech-focused incubator based in Hartford. Prior to his role at Nassau Financial Group, he worked at Fidelity & Guaranty Life, MetLife in a variety of roles in strategy, marketing, operations, technology, sales, and compliance. He earned his A.B. from Princeton University and his J.D. from Cornell Law School. Here is what to expect on this week’s show: The intersection of disciplines in the retirement planning space. A generational look at investments and ROIs. Smart claiming decisions when factoring social security into your retirement plan. Learning about retirement savings early and getting smart about the process; or, finding someone to help you sooner than you think. The future of public policy on retirement planning. Relevant Links: https://nfg.com/ Connect with Paul: https://www.linkedin.com/in/pauldtyler/     Learn more about your ad choices. Visit megaphone.fm/adchoices

This CFP’s Clients Gain The Psychological & Lifestyle Benefits Of Well-designed Retirement Plans Welcome to episode #24 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Brian Colvert and they explore his knowledge of retirement planning and Social Security from his vantage point as a successful owner of an investment advisory firm. Brian Colvert is the owner of Bonfire Financial, a investment advisory firm in Colorado Springs, CO. Brian is a Certified Financial Planner (CFP), and has been serving his clients for 15 years. He also serves on multiple boards in the community. His company, Bonfire Financial, is an independent, fee-only registered anvestment advisory firm in Colorado Springs, CO with a team of CFPs. Bonfire Financial has been recognized as one of the top advisors in the nation by the National Association of Board-Certified Advisor Practices.     Here is what to expect on this week’s show: A look at Brian’s background and why exactly he decided to become a CFP. A look at the clientele and demographics that Brian focuses on and why. For financial advisors, what is the most common misconception about how they deal with their clients’ retirement planning? Some of the common concerns and desires of early retirement versus later in retirement for clients and how this effects planning. How does Brian personally stay up to date, or educated in general, about how to give advice for Social Security. Common misconceptions that clients have concerning Social Security. How is Brian different in his approach to estate and legacy planning? How do Social Security decisions play into long term retirement planning? A look at Brian’s approach to taxes as concerns Social Security and retirement accounts. Some thoughts on crypto currency and the potential values of holding it as an investment asset.     Relevant Links: https://www.bonfirefinancial.com   Connect with Brian and Bonfire Financial: LinkedIn: https://www.linkedin.com/in/briancolvert/ Instagram: https://www.instagram.com/bonfirefinancial/ Facebook: https://www.facebook.com/bonfirefinancial/ Twitter: https://twitter.com/BonfireFin   Learn more about your ad choices. Visit megaphone.fm/adchoices