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Securing Your Financial Future: Navigating Social Security Changes and Legacy Planning

August 22, 2023

In this episode, Steve delves into the complexities of Social Security benefits and the impact of potential changes in the near future. With rumors of Social Security benefit cuts and adjustments, the host takes a closer look at how these changes could affect retirees.

Steve addresses the option of moving the full retirement age for Social Security benefits up to 68 and the potential implications of this shift. He also discusses a study showing that this adjustment might only solve a fraction of the overall problem. Steve and his guests provide guidance on when to start claiming Social Security benefits and how to maximize the benefits you’re entitled to.

Moreover, Steve introduces the concept of Social Security risk scoring—a tool that assesses the chances of future reductions in benefits and helps individuals make informed decisions about their retirement planning.

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Tune in with Steve Aul for “The Aul Financial Hour” every Saturday at 10 a.m. on KMOX News Radio 1120!