{"store":{"baseInfo":{"podcastTitle":"Your Money & Your Life Podcast","slug":"yourmoneyyourlife","podcastDescription":"Financial and retirement planning guidance from Certified Financial Planner Donald Cash in Red Bank, NJ. Truly understanding what's happening inside your portfolio is so important to achieving retirement success. The planning process can be difficult if you tackle it alone, so make sure to listen to each episode to get great guidance and make the task much easier.","podcastLogo":"https://pbcdn1.podbean.com/imglogo/image-logo/4797519/Your_Money___Your_Life_-_Donald_Cash_Logo_2-min.jpg","podcastShareLogo":"https://d2bwo9zemjwxh5.cloudfront.net/image-logo/4797519/Your_Money___Your_Life_-_Donald_Cash_Logo_2-min_1200x628.jpg?s=e3afa6371d467de70d78c4e613a59fce&e=jpg","podcastUrl":"https://yourmoneyyourlife.podbean.com","podcastCanSearched":true,"feedUrl":"https://feed.podbean.com/yourmoneyyourlife/feed.xml","theme":"podisc","podcastDeepLink":"https://www.podbean.com/pw/pbblog-mvezn-49344f?from=usersite","removePodbeanBranding":"no","brandingLogo":null,"timeZone":{"timeZoneId":15,"gmtAdjustment":"GMT-05:00","useDaylightTime":1,"value":-5,"text":"(GMT-05:00) Eastern Time (US & Canada)","daylightStartTime":"Second Sunday Of March +2 Hours","daylightEndTime":"First Sunday Of November +2 Hours","timezone":"America/New_York"},"podcastDownloads":null,"totalEpisodes":145,"showComments":true,"iOSAppDownloadLink":null,"customizeCssUrl":null,"androidAppDownloadLink":null,"showPostShare":true,"showLike":true,"author":"Donald Cash","enableEngagementStats":true,"shareEmbedLink":"https://admin5.podbean.com/embed.html?id=pbblog-mvezn-49344f-playlist","language":"en","sensitivitySessionExpireTime":3600,"podcastApps":[{"name":"Podbean App","link":"https://www.podbean.com/pw/pbblog-mvezn-49344f?from=usersite","image":"https://pbcdn1.podbean.com/fs1/site/images/admin5/podbean-app.png","title":null},{"name":"Spotify","link":"https://open.spotify.com/show/1snQykCp19ZH75izYHLiEr","image":"https://pbcdn1.podbean.com/fs1/site/images/admin5/spotify.png","title":null},{"name":"Amazon Music","link":"https://music.amazon.com/podcasts/d4b3837f-8455-4d9c-965d-095e17474793","image":"https://pbcdn1.podbean.com/fs1/site/images/admin5/AmazonMusic.png","title":null}],"components":{"base":[{"id":"MainStyle","val":"light"},{"id":"Font","val":"EB Garamond"},{"id":"SecondaryFont","val":"PT Sans"},{"id":"PlayerColor","val":"#FF6600"},{"id":"Favicon","val":"https://mcdn.podbean.com/mf/web/88xr5e/favicon.ico"},{"id":"CookiesNotice","val":"hide"},{"id":"CookiesNoticeContent","val":"

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Show Notes and Additional Resources: https://doncashpodcast.com/podcast/common-misunderstandings-when-it-comes-to-social-security/

On This Episode:
0:56 – Happy Thanksgiving!
2:23 – In the News: Social Security announced benefits would increase by 1.6% to cover cost of living. What are some of the common misunderstandings around Social Security?
3:37 – Here are the five most common misconceptions that Don hears.
4:25 – Let’s talk about the idea that Social Security is going broke. It’s been around since the beginning.
8:20 – How Social Security works exactly.
10:54 – Here’s how the ages break down for claiming Social Security.
13:58 – A fact about cost of living increases and how it all began.
14:45 – How we work with clients to determine the best strategies to maximize benefits.
15:31 – Most people do need to pay taxes on their Social Security benefits.
16:02 – How has the current program evolved over the years and is it going broke?
16:56 – 5 ways that Social Security could change to generate more money.
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