What are common things that most people don’t know about social security?

Are you lying awake at night, worried that Social Security won't be enough to cover your retirement? You're not alone; many Christians share this concern about their financial future. Ralph dives into nine critical insights about Social Security that financial advisors often overlook, helping to demystify this important topic. By understanding these key elements, listeners can make informed decisions and potentially secure a more stable financial future. From the importance of full retirement age to spousal benefits and the impact of taxes, Ralph guides you through essential strategies that could lead to significant lifetime benefits. Tune in as he shares real-life stories and practical advice, ensuring you're equipped to navigate your retirement planning with confidence and peace of mind—because there’s so much you need to know about Social Security.https://www.askralphpodcast.com/know-about-social-security/Podcast Timestamps:00:00 Episode Overview01:22 Listener’s Question: How Does Social Security Impact Retirement?02:08 Bible Verse: Proverbs 21:20 03:15 9 Crucial Elements Of Social Security That Many People Are Not Aware Of03:23 Full Retirement Age Surprise04:18 The Spousal Benefit Secret  04:58 The Working Penalty06:17 The Tax Trap07:05 The Survivor Benefit08:08 The Do-Over Rule09:10 The Divorce Benefit09:54 The COLA Mystery10:55 The Earnings Record11:54 Action Steps13:37 Medicaid Estate Recovery: What You Should Know17:59 Conclusion and Call to ActionTakeaways: Understanding your full retirement age can significantly impact your Social Security benefits. Many people are unaware that spousal benefits can provide additional income during retirement. Working while receiving Social Security before full retirement age can lead to penalties and income loss. It's crucial to verify your earnings record with the Social Security Administration to avoid surprises. Social Security benefits can be taxed, affecting your overall retirement income strategy. Planning ahead for long-term care and Medicaid estate recovery is essential to protect your assets. Links referenced in this episode:Ask Ralph Insiders Community https://mailchi.mp/askralph.com/groupAsk Ralph Show Live https://askralphpodcast.com/liveWhat is your question that you would like to ask Ralph? Send Your Question here: https://justaskralph.com/ Join our email list and get a free copy of “Mastering Your Finances” at https://askralph.com/Social Security https://ssa.gov/ 💛 Join the Financially Confident Christian CommunityIf today’s episode encouraged you, we’d love to invite you to be part of something bigger — the Financially Confident Christian Community.This is where faith and finances come together — a growing family of believers supporting one another, sharing encouragement, and helping spread God’s truth about money.Your membership helps keep the show free for everyone while funding new devotionals, study guides, and outreach resources.👉 Learn more and join the mission at financiallyconfidentchristian.com/joinTogether, we’re helping believers everywhere break the cycle of financial shame and live with confidence in Christ. 🙏Get Ralph's Book on becoming a Financially Confident Christian financiallyconfidentchristian.com/becomingLISTEN NOWWATCH NOW ON YOUTUBE (OUR VIDEO VERSION)WATCH NOW ON RUMBLE (OUR VIDEO VERSION)Please share our Podcast with all your friends and family!Submit your questions or ideas for future shows - email us at [email protected] or leave a voicemail message on our podcast pageLeave A Voicemail Message Mentioned in this episode:Post roll for Book Becoming