May 24, 2022
In this episode, The Annuity Man
and Heather Schreiber discuss:
- Insolvency in the future
- When should you claim?
- Consulting with experts
- Collecting survivor benefits
- Somewhere in the years 2034 and 2035, social
security will experience insolvency if nothing changes in the
present. This is not as dire as it sounds; insolvency will only
happen if nothing changes from now until then.
- You have to be careful about the break-even
when you’re married because there is a disparity in benefit
- The best way to truly know what course of
action to take is to surround yourself with experts who will
discuss the “what if”s and tell you what’s the best decision you
can make for the specific lifestyle you want.
- You can’t file for survivor benefits online;
the only way that a surviving spouse will collect a survivor’s
benefit automatically is if they were collecting dependent spousal
benefits while the spouse was living.
"Insolvency just means that the trust funds will be
depleted; it does not mean that they're just going to cut off
benefits." — Heather
Connect with Heather Schreiber:
Phone: (678) 888-5110
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