Social Security: The New Rules With Benefits Guru Mary Beth Franklin [2019]

Paying attention to Social Security benefits pays off and needs to be taken seriously from an earlier age than most people realize.

Many of us underestimate how important this benefit is.
It is the single largest source of income for the majority of Americans age 65 and older.
It accounts for half or more of total income for 53% of married couples and 74% of unmarried individuals.
It is one of the only sources of guaranteed income that retirees can count on for the rest of their lives.
Its cost of living adjustments helps maintain buying power over decades of retirement.

Mary Beth Franklin points out that Social Security isn’t static and there have been some major changes in recent years. In addition to being the author of Maximizing Social Security Benefits and an acknowledged expert on the subject, she is Contributing Editor at InvestmentNews, a leading publication for financial advisors, and an award-winning personal finance journalist.

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WEALTHTRACK #1606 broadcast on August 09, 2019.