47 - Social Security, How It Works and What to Expect

Do you actually know what to expect from Social Security when you reach the retirement finish line? In this episode of Making Sense of Your Cents, Daniel and Shanna demystify the federal retirement system to help you navigate your future with total clarity. We break down how your 35 highest-earning years determine your baseline check, explore the real financial trade-offs of claiming at age 62 versus waiting until age 70, and explain the rules around working while receiving benefits. Plus, we cover spousal benefits and tax coordination strategies. Tune in for our actionable tip on visiting ssa.gov to download your official Social Security Statement this week so you can take complete control of your retirement roadmap!  Send us Fan Mail (https://www.buzzsprout.com/2541464/fa...) Our goal is to make financial guidance accessible and easy to understand for everyone. If you found value in today's episode, please do us a huge favor and share it with someone you care about.  Subscribe today, wherever you listen to your podcasts (Spotify, Apple Podcast, etc.) and send your questions to podcast@fcbtn.com.