Episode 218: Is Social Security Really Running Out? What the 2026 Numbers Show
About this episode
The episode discusses the role of Social Security in retirement planning and its funding challenges.
In this episode of Retire with Style, Alex and Wade explore the role of Social Security in retirement planning. They examine when to claim benefits, the tradeoffs between early and delayed claiming, and ongoing concerns about the program’s long term funding. The discussion highlights how Social Security fits into a broader retirement income strategy and why understanding its value is essential for making informed financial decisions. Listen now to learn more! Takeaways The Retirement Planning Guidebook is updated for new tax rules. Social Security benefits can be claimed between ages 62 and 70. Delaying Social Security can provide higher lifetime benefits. Higher earners should consider delaying benefits for survivor benefits. Social Security is a pay-as-you-go system with funding challenges. The trust fund is projected to deplete by 2034, but benefits won’t disappear. The present value of Social Security benefits can be substantial, often exceeding $500,000. Claiming early can lead to significant lifetime benefit differences. Understanding life expectancy is crucial in deciding when to claim benefits. Social Security reforms can be designed to ensure its sustainability. Chapters…
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- Episode 223: Downsizing in Retirement: When to Sell, When to Stay
- Episode 222: Do You Actually Need Long-Term Care Insurance in Retirement?
- Episode 221: What Actually Counts as Long-Term Care?
- Episode 220: Why Your Health Insurance Stops Working at 65
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