In this episode of the Retirement Matters podcast, we take an in-depth look at a case study to explore the impact of the Social Security Fairness Act on the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP). Using two hypothetical clients, Martha and George (names and numbers have been changed for privacy), we'll illustrate how individuals who haven't yet begun receiving Social Security benefits—due to these provisions—could be significantly impacted, both positively and negatively, if proper planning isn't done.
The Social Security Fairness Act, which was signed into law on January 5, 2025, is set to be a major point of focus for retirement planners in the coming year to year and a half, especially as we gain more clarity on how the law will be implemented for the general public.
If you need guidance navigating these changes, we'd love to help. Feel free to reach out to us at 270-600-PLAN to discuss your own retirement income strategy.
Now, let's dive into this week's episode, titled George and Martha: A Social Security Case Study.
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This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.
