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Podcast: Your Financial Pharmacist
Episode: YFP 242: Social Security 101: History, How it Works, and Why it Matters for Your Financial Plan
Description: YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP®, talks about social security retirement benefits, how they are funded, how to determine eligibility and considerations for receiving benefits. Key Points From This Episode An introduction to today's topic and a reminder that we can help you with your tax. Addressing why people aren't having enough conversations about social security retirement benefits. Hear some intense statistics about retirement and working longer that will blow your mind. Talking about the history of social security and the difference between that and a 401(k). Being protected against inflation by bei...