9. Part I: Is Social Security Going Broke? The Truth You Need to Know

Want Your RSSA® Social Security Roadmap? Get it Here:www.SocialSecurity.Solutions🎥 The YouTube version of this video is here: www.youtube.com/@RetirementIncomeSchool✍🏼 The Blog Version of this video is here: www.retirementsolutionsfinancial.com/blog///////////////Is Social Security really going broke? This is one of the most common — and most dangerous — fears retirees face. In this episode, Dr. Amanda breaks down the truth behind the headlines, explains how Social Security actually works, and shows you why it's still the cornerstone of your retirement income strategy. You’ll learn: What most people get wrong about Social Security’s future The real reason claiming too early could cost you for life Why Social Security belongs at the foundation of your income floor How COLAs, PIA, and FRA affect your benefits The key benefits you might be missing (retirement, spousal, survivor, dependent) How to avoid devastating Social Security overpayments Why you need a holistic plan to make the right claiming decision This is Part 1 of a 3-part series on Social Security here at the Retirement Income School™. If you want your benefits to work harder and smarter for you, start here. TIMESTAMPS 00:00 – Intro: Is Social Security Going Broke? 01:00 – Welcome to Retirement Income School™ 02:00 – Overview of the 3-part Social Security series 03:00 – The foundation of your income floor 05:00 – Why Social Security matters more than you think 07:00 – The real risk: Overpayments, not insolvencyLINK: Social Security recipients struggle to pay back agency after unexpected overpayments | 60 Minutes  09:00 – Holistic planning: expenses, lifestyle, and assets 11:00 – Key terms: FRA, PIA, DRC, and COLA explained 15:00 – Most common misconceptions debunked 18:00 – How benefits are calculated and adjusted 21:00 – Claiming early vs delaying: What’s the impact? 24:00 – The five types of Social Security benefits 27:00 – The case for personalized claiming strategy 29:00 – Creating your income floor with Social SecurityLINK: Ep 6. Safety-First Retirement Planning: How to Build an Income Floor You Can Count On 31:00 – Action steps & how to complete your RSSA RoadmapCredit for slide stats and content goes to RSSA. SHOW LINKS 📅 Want to Find Out More? Schedule a Q&A Call with Dr. Amanda 💰 Join Us in the Retirement Income School™ www.RetirementIncome.School 📽️ Watch Retirement Income School™ Content on YouTube www.youtube.com/@RetirementIncomeSchool 💰 Watch The Guaranteed Income Blueprint™ www.retirementsolutionsfinancial.com/guaranteed-income-blueprint 📬 Contact Dr. Amanda Email: [email protected] Phone: 1-866-444-2997 LinkedIn: @RetirementIncomeSchool About Dr. Amanda Dr. Amanda is the founder of Retirement Solutions Financial™ and creator of the Retirement Income School™ and Guaranteed Income Blueprint™. After losing her father and helping her mom navigate retirement, she felt called to help others avoid the stress and confusion of planning alone. She specializes in safe money strategies using dividend-paying whole life insurance, fixed index annuities, long-term care coverage, and social security claiming strategy. Her mission? To help you protect your wealth and enjoy a secure, stress-free retirement with confidence. DISCLAIMERS The information in this podcast is provided for general educational purposes only and does not constitute financial, legal, or tax advice. Retirement Income School™ and Dr. Amanda Barrientez do not provide individual investment recommendations. Always consult with a licensed advisor or tax professional before implementing any strategy discussed.As a Registered Social Security Analyst (RSSA), I am an independent professional and am not affiliated with or employed by the Social Security Administration or any other government agency. The Social Security information I provide is for general informational purposes only and is not intended to constitute financial, legal, or tax advice.