How Does the Social Security Fairness Act Impact Your Financial Future?

01/10/25 • 7 min

Host Wes Cuprill explains how the new Social Security Fairness Act impacts government and public sector retirees. Learn how the elimination of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) could increase your retirement benefits.
Key Points
+ Public sector workers can now receive full Social Security benefits alongside their government pensions
+ Important for teachers and others who held multiple jobs throughout their careers
+ Wait for official guidance before making financial changes
+ Consider consulting a financial advisor to optimize retirement strategy
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Chapters 🕓
00:00 - Intro
00:15 - Name Change
00:57 - Social Security Fairness Act
02:57 - Sponsor
03:59 - What Should I Do?
06:11 - Conclusion
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Previous Episode

Could One Conversation Change Everything About Your Finances?

In this insightful episode of the Wealth Wise Women Podcast, host Wes Cuprill dives into the often-taboo topic of discussing personal finance openly. Broadcasting from his home office, Wes explores a recent Kiplinger article that sheds light on the consequences of not talking about money, especially for women. With eye-opening statistics, he emphasizes the importance of financial education and encourages listeners to break the silence around money matters.

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Next Episode

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Chapters🕓
00:00 - Intro
00:13 - Tax Planning
02:54 - Importance of Tax Planning
03:46 - Sponsor
04:49 - How To Tax Plan
06:56 - Conclusion
________
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The WWW Podcast - How Does the Social Security Fairness Act Impact Your Financial Future?

Transcript

>> Wes Cuprill00:00:00.174

Anybody who's collecting a government pension or a public sector pension cannot also collect full Social Security benefits.

>> Wes Cuprill00:00:12.855

Hello there and welcome to another episode of what we are now calling the WWW podcast. A quick explanation for the change. I began to realize that a lot of what I talk about applies to more than just women sometimes. But I also don't want to get rid