044: The Past, Present and Future of Social Security with Mark Kenney

Here at SHP, we get so many questions about Social Security: when to claim it, how it works, and what might happen to it in the future, especially with how dysfunctional Congress has become. As always, we're excited to welcome Mark Kenney, CFP, CTS, back on the podcast to get his thoughts on where things might be headed and how to plan for it.  In this conversation, we dig into the history of Social Security, the common challenges people face when it comes to taking it, and how Social Security factors into a comprehensive financial plan to help you meet your goals in retirement. In this podcast interview, you'll learn: Why Social Security should never be your sole source of income. How to maximize your Social Security benefits–and what to consider as you decide when to take Social Security. How your Social Security benefit is calculated–and who's eligible to claim your Social Security after you die. What the Windfall Elimination Provision (WEP) penalty is and how it can impact your Social Security.  Why Social Security must be fixed in the next ten years to ensure benefits for future generations.  Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube