Economics Matters by Laurence Kotlikoff Podcast Retirement Readiness: Mary Beth Franklin on Social Security Benefits & Planning 2 1× 0:00 Current time: 0:00 / Total time: -1:10:00 -1:10:00 Audio playback is not supported on your browser. Please upgrade. Retirement Readiness: Mary Beth Franklin on Social Security Benefits & Planning Larry Kotlikoff May 07, 2024 2 Share Transcript Mary Beth Franklin is one of America's outstanding personal finance journalists. This podcast covers a scary reality. Some 75 million Baby Boomers have retired or are retiring far too early with far too little savings. They are looking at a retirement that may last longer than they worked. There are ways to rescue tens of millions of retirements. But it's not by taking Social Security the minute you leave work or worrying unnecessarily about losing benefits by going back to work. Take a listen to a brilliant mind and a caring heart. In This Episode: I invite Mary Beth Franklin, a seasoned personal finance journalist, and a certified financial planner, recognized for her profound insights into Social Security, tax legislation, and retirement planning. With over four decades of experience, Mary Beth brings a wealth of knowledge from her work with leading publications such as United Press International and Investment News. Her expertise makes her a trusted authority in navigating the complexities of retirement and Social Security strategies. Topics Covered: Maximizing Social Security Benefits Challenges of the Modern Retirement System The Sustainability of Social Security Timestamps: 06:56 Mary Beth transitioned from government to journalism, specialized in finance. 12:50 Period of typing stories, changing jobs wisely. 20:12 Many people don't participate in retirement planning. 25:38 IRA vs 401K, pensions impact retirement satisfaction. 28:06 IBM led shift from defined to contribution plans. 34:50 Changes in 1983 led to current income imbalance. 40:33 Reforming retirement age and Social Security system. 43:58 Social Security reserves depleted by 2034. Political crisis. 48:38 Fewer babies, changing workforce demand political action. 54:11 Work in retirement is financially beneficial option. 01:03:03 Delay Social Security, maximize benefits for couples. This episode will give you a deeper understanding of how to secure your financial future, learn strategic approaches to retirement planning, and discover the critical adjustments needed within national policies to support lasting social security benefits. Subscribe Share Secure Your Retirement! Economic Matters - The podcast is hosted by Laurence Kotlikoff and moderated by Alex Kotlikoff. Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author , President of maxifi.com , and Author of Money Magic . Stay Connected: Facebook , Twitter , LinkedIn Apple Podcasts Google Podcasts Spotify iHeart Amazon Music Discussion about this episode Comments Restacks Economics Matters by Laurence Kotlikoff Podcast Economics can make a massive difference - collectively and personally. Listen in as we chat with some of the most influential leaders in economics across the globe. Economics can make a massive difference - collectively and personally. Listen in as we chat with some of the most influential leaders in economics across the globe. Subscribe Listen on Substack App RSS Feed Appears in episode Larry Kotlikoff Recent Episodes Naill Ferguson, the Preeminent Economic Historian, Talks Geopolitics -- Yesterday's, Today's, and Tomorrow's Aug 10 • Larry Kotlikoff Jack Schibli of Lane Generational Explains Why the Stock Market Runs Largely on Autopilot and the Equity-Investing Danger this Presents Aug 2 • Larry Kotlikoff The Brilliant and Captivating Justin Wolfers Talks Economics and the Economy Jul 31 • Larry Kotlikoff Economics Matter's First Substack Live! Talking Social Security's Extreme Insolvency with Pam Krueger, Founder and CEO of Wealthramp, and… Jul 29 • Larry Kotlikoff Brilliant Investing Requires Thinking and Looking Outside the Box -- Steve Laffey Is an Extraordinary Investor. This is a Podcast You Can't… Jul 23 Economist John Goodman, Father of HSAs and One of America's Most Influential Policymakers, Talks US Healthcare Reform Jul 16 • Larry Kotlikoff Bruce Mehlman Joins Economics Matters to Discuss the Long-Term Economic Impact of the War in Iran, Geopolitics, Economic History, and His… Jul 2 • Larry Kotlikoff Sebastian Mallaby Returns to Discuss AI and his Latest Bestseller: The Infinity Machine. Jun 25 • Larry Kotlikoff