Feb 07 2025 44 mins
Barbara O'Neill, CFP®, AFC® and Scott Dauenhauer CFP® break down the recently passed Social Security Fairness Act and what it means for some educators. They cover why the WEP and GPO were first put in place and what it's repeal means for:
- Those currently collecting Social Security benefits
- Those new eligible to collect Social Security benefits
- Those lacking enough credits to qualify for Social Security benefits
At the conclusion of the recording of this episode Scott got a call from a family member who he had helped apply for this new benefit who shared the good news that she had just received a Social Security check for more than $9,000.
- The Social Security Fairness Act: A Holiday Season Miracle
- Social Security Administration Social Security Fairness Act
- 403(b) Plans and Social Security
- Guardians of SS FBG
- WEP Chart note: Link mentioned in pod mysteriously stopped working the day after recording. A web search for new link is recommended.
- Opinion: Social Security Fairness Act will be tricky to implement
- Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b)
- Meridian Wealth Management
- 403bwise.org
Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).