Social Security provides retirement income for millions of Americans, yet many people can't answer basic questions about how it works. In this episode of Purposeful Planning, we explore everything from setting up your online account to deciding when to claim benefits. Whether you're helping aging parents navigate their options or planning your own retirement strategy, understanding Social Security is crucial for making informed decisions that could impact your financial security for decades.

Sources:

1. https://www.cbpp.org/research/social-security/top-ten-facts-about-social-security#:~:text=It%20also%20provides%20important%20life,Social%20Security%20payroll%20tax%20contributions:
2. https://www.gobankingrates.com/retirement/social-security/americans-dont-understand-facts-about-social-security/
3. https://www.ssa.gov/myaccount/
4. https://www.ssa.gov/benefits/retirement/planner/agereduction.html
5. https://www.ssa.gov/faqs/en/questions/KA-02459.html
6. https://www.aspenwealthmgmt.com/resource-center/retirement/medicare-made-easy-retirement-healthcare-costs
7. https://www.aspenwealthmgmt.com/resource-center/blog/social-security-retirement-basics-what-to-know

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

Aspen Wealth Management is a registered investment advisor with the SEC.

This recorded posting utilizes AI generated voiceovers. While the Firm strictly prohibits the use of AI for advisory activities constituting investment advice, financial plans, portfolio analysis and management, and reporting, the use of AI for other purposes, such as voiceovers, is permitted and utilized for the firm’s recordings.

Hosted on Acast. See acast.com/privacy for more information.