Retirement Readiness: Mary Beth Franklin on Social Security Benefits & Planning

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff. Professor Kotlikoff invites Mary Beth Franklin, a seasoned personal finance journalist, and a certified financial planner, recognized for her profound insights into Social Security, tax legislation, and retirement planning. With over four decades of experience, Mary Beth brings a wealth of knowledge from her work with leading publications such as United Press International and Investment News. Her expertise makes her a trusted authority in navigating the complexities of retirement and Social Security strategies. Topics Covered: Maximizing Social Security Benefits Challenges of the Modern Retirement System The Sustainability of Social Security Timestamps: 06:56 Mary Beth transitioned from government to journalism, specialized in finance. 12:50 Period of typing stories, changing jobs wisely. 20:12 Many people don't participate in retirement planning. 25:38 IRA vs 401K, pensions impact retirement satisfaction. 28:06 IBM led shift from defined to contribution plans. 34:50 Changes in 1983 led to current income imbalance. 40:33 Reforming retirement age and Social Security system. 43:58 Social Security reserves depleted by 2034. Political crisis. 48:38 Fewer babies, changing workforce demand political action. 54:11 Work in retirement is financially beneficial option. 01:03:03 Delay Social Security, maximize benefits for couples. This episode will give you a deeper understanding of how to secure your financial future, learn strategic approaches to retirement planning, and discover the critical adjustments needed within national policies to support lasting social security benefits. ____________________________________________________ Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic. Follow Professor Kotlikoff: Facebook: kotlikoff Twitter: @kotlikoff LinkedIn: laurencekotlikoff Substack: https://larrykotlikoff.substack.com/ Books: https://kotlikoff.net/books/ Company: https://maxifiplanner.com/