#590 - Process Over Panic - Social Security
This week, we continue our Process Over Panic theme by focusing on how to take back control in uncertain times. Learn how to shift your energy toward what you can control—and let go of what you can’t. Plus, Marcia Mantell joins us to break down the latest updates on Social Security and what they mean for your retirement plan. Tune in and take one more step toward a confident, purposeful retirement.
SUMMARY OF THIS EPISODE OF THE RETIREMENT ANSWER MAN
(00:00) This show is dedicated to helping you not just survive retirement, but rock it!
(01:58) We have to focus on things we can control and manage the things that we can’t.
(3:08) Today we are going to talk about social security- what we can control and what we can’t.
ROCKIN’ RETIREMENT IN THE WILD
(03:52) Roger shares a “Rockin’ Retirement in the Wild” story from a listener and member of the RRC.
PROCESS OVER PANIC- SOCIAL SECURITY WITH MARCIA MANTELL
(06:30) There have been a lot of changes coming out of the Social Security Administration.
(07:40) What is controllable with Social Security?
(09:56) What are the uncontrollables with Social Security?
(13:51) To help us understand the current state of Social Security, we're talking with Marcia Mantell.
(15:38) Marcia says facts over fear are SO important and she is not fearful but watchful.
(18:49) What changes have happened recently with social security?
(23:00) There are different proposals floating around regarding Social Security to improve the implementation of the program.
(25:10) Marcia discusses her thoughts on the idea that Social Security will run out by 2033.
(28:55) How easy is it to create a sustainable Social Security system?
(31:47) The goal of Social Security is to provide a basic income, roof over our head, and food on the table.
(33:10) Over 50% of people rely on Social Security for their primary source of income.
(36:10) If you are 55 or older, should you make a material change related to what you anticipate your Social Security to be?
SMART SPRINT
(40:56) In the next seven days, identify one thing in your retirement planning you can’t control that’s draining your energy. Then, take one small action to shift that focus toward what you can control. Awareness is the first step to rocking retirement—and life.
BONUS
(41:49) Next installment from missions flown by Roger’s grandfather in World War II
REFERENCES
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