When Can I Expect An Increase In My Social Benefit Increase Due To The Fairness Act? #243

Retire With Ryan

In this episode, I dive into the latest developments with the Social Security Fairness Act and what these changes mean for retirees who were previously ineligible for Social Security benefits. With potential increases in payments and retroactive benefits, this episode is packed with critical insights for anyone impacted by the new law.

I break down real-world examples to show exactly how these changes will affect individuals—particularly teachers, former public employees, and those with pensions exempt from Social Security. Whether you’re waiting for retroactive benefits or trying to understand the tax implications, I’ve got you covered with the essential information you need.

You will want to hear this episode if you are interested in...

• (1:07) Changes to the Social Security Fairness Act
• (2:57) Benefits and retroactive payments
• (5:05) How the Social Security Fairness Act works
• (6:52) How the spousal benefit works
• (6:30) How the new law will impact retirees
• (11:32) How survivor benefits now work
• (14:05) The impact of the Windfall Elimination Provision
• (15:16) What do you need to do?
• (16:57) How Social Security benefits are taxed

Resources Mentioned

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Download my entire book for FREE
• Social Security Fairness Act: Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) update
• Apply for Social Security at https://www.ssa.gov/myaccount/
• Episode #217: Will Social Security Become Tax-Free?

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