Reaching retirement can be bittersweet, as you finally conclude your working years and transition into living on your retirement income streams. However, things can get tricky when it comes to two regulations on social security benefits. Specifically, the Government Pension Offset and the Windfall Elimination Provision could complicate the amount of benefits you earn, especially if you or your spouse were government employees that did not withhold social security taxes.
In this episode of Money Script Monday, Sean analyzes two crucial Social Security regulations that could reduce the amount of spousal, widow/widower, or personal benefits paid to you in retirement.
Resources Provided for This Episode
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