Are you or someone you love a teacher, firefighter, or government worker? If so, you might be impacted by two little-known Social Security provisions—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These rules have reduced or even eliminated Social Security benefits for millions of hardworking Americans.

But change is finally here. The Social Security Fairness Act could make a massive difference for retirees like you. Today, we’re breaking down what this legislation means, who it impacts, and how it could completely transform your retirement.

Plus, I’ll answer your listener questions about:

• How to avoid early withdrawal penalties on retirement funds if you retire before 59 ½
• Contributing to a Roth IRA when you don’t have a paycheck
• Navigating deferred compensation plans without creating a tax headache
• What happens to your HSA funds after retirement

If you’re ready to maximize your retirement benefits and make confident decisions about your future, you’re in the right place. Let’s dive in!

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• [4:10] What we’re covering in today’s episode
• [5:29] What’s happening with Social Security
• [6:33] Understanding the Social Security Fairness Act
• [11:35] Potential changes to how Social Security is taxed
• [15:57] Listener Question #1: Avoiding an early withdrawal penalty
• [19:27] Listener question #2: Can you contribute to a Roth IRA without a paycheck?
• [23:17] Listener question #3: Deferred compensation plans
• [27:31] Listener question #4: What happens with HSA plans when you retire?
• [28:57] Listener question #5: How do you get a spousal benefit from an ex?
• [31:17] Listener question #6: How do you help retired family members?

• 3 Steps to Retirement Planning
• The Social Security Fairness Act
• Section 72(t)

• Email at: Gregg.gonzalez@lpl.com
• Podcast: https://RetirementMadeEasyPodcast.com
• Website: https://StLouisFinancialAdvisor.com
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