Social Security is the most searched retirement topic in America — and for good reason. The rules are complex, the stakes are high, and one wrong move can permanently reduce your income. In this episode of The Lord and Richards Show, CEO Colin Richards and co-host Dylan Schoonover break down how Social Security really works, how to coordinate benefits with your spouse, and how pensions or private “personal pensions” fit into a complete retirement income plan.
We cover:
• The truth about maximizing vs optimizing Social Security — and why they are not the same
• How to decide when to take benefits when you don’t know your life expectancy
• Spousal and survivor benefits, the 10-year marriage rule, and how multiple marriages affect eligibility
• How early filing penalties and delayed credits (up to 8% per year) impact your lifelong income
• How Social Security interacts with IRAs, 401(k)s, Roth accounts, and taxes
• How to create a “private pension” using safe income strategies if your employer doesn’t offer one
• Why blended planning across Social Security, pensions, and your portfolio puts the most money in your pocket over time
🎧 Tune in to learn how to build a coordinated retirement income plan that supports your values, protects your family, and creates long-term financial freedom.
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Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.
