For more than 89 years, nearly every person who has actually taken home an income has paid into the Social Security program. Many people rely on this advantage to assist support their life in retirement. However, mistakes and mistaken beliefs are plentiful. On this episode, host Mike Townsend welcomes Susan Hirshman, a director of wealth management for Schwab Wealth Advisory and the Schwab Center for Financial Research, for an essential discussion about the need for people of all ages to be more focused on the realities versus feelings about the Social Security system, particularly when it pertains to the health of the program and when and how Congress may transfer to shore it up for decades to come. Susan talks about how to get the most out of Social Security and how the techniques can be very different depending on your situations. Mike and Susan also take a look at some of the most typical Social Security– associated frauds and how to avoid them..

And Mike offers his most current thoughts on the state of the election with less than three weeks to precede Election Day.

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The info supplied here is for basic informative functions only and need to not be thought about a customized recommendation or tailored financial investment advice. All expressions of opinion undergo modifications without notification in reaction to shifting market, financial, and geopolitical conditions. Information herein is obtained from what are thought about trustworthy sources; however, its precision, efficiency, or reliability can not be ensured. Supporting documents for any claims or statistical information is readily available upon demand.

Examples offered are for illustrative functions only and not meant to be reflective of outcomes you can anticipate to attain.

Investing involves danger, including loss of principal.

The information and content offered herein is basic in nature and is for informational purposes just. It is not planned, and must not be interpreted, as a specific recommendation, individualized tax, legal, or investment recommendations. Tax laws are subject to change, either prospectively or retroactively. Where particular recommendations is needed or appropriate, individuals ought to contact their own professional tax and financial investment advisors or other experts (CERTIFIED PUBLIC ACCOUNTANT, Financial Organizer, Investment Supervisor) to help answer questions about particular circumstances or needs prior to taking any action based upon this information.

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. Schwab Wealth Advisory ™ (" SWA") is a non‐discretionary investment advisory program sponsored by Charles Schwab & Co., Inc. (" Schwab"). Schwab Wealth Advisory, Inc. (" SWAI") is a Registered Financial investment Advisor and supplies portfolio management for the SWA program. Schwab and SWAI are affiliates and are subsidiaries of The Charles Schwab Corporation.

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