meta_pixel
Tapesearch Logo
ChooseFI

474 | Social Security Deep Dive | Denis Shapiro

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 29 January 2024

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: social security, disability, calculating social security, claiming social security, and due diligence.

This week we are joined by listener and owner of Financial Security Advocates Dennis Shapiro, to talk thru some of the insights and misconceptions surrounding Social Security Benefits, and what factors and resources you should consider while approaching retirement. The beauty of FI is that it opens up opportunities for you to retire early, but oftentimes we don’t consider how retiring early or even starting your own small business can impact your Social Security. While there is no true way of mastering the system to get the most benefit, there are many ways to prepare and plan in order to get the most out of your social security benefits! Remember, these benefits are not just safety nets when it comes time to retire, but can be an additional tool for investment that keeps you comfortable in your FI.

Denis Shapiro:

Timestamps:

  • 1:16 - Introduction
  • 5:10 - What Pays for Social Security?
  • 11:13 - Social Security and FI/Disability Insurance
  • 17:30 - What Earnings Go Towards Social Security?
  • 23:19 - Disability, Work Subsidies, and Income Related Work Expense
  • 29:03 - How Social Security Benefits Are Calculated
  • 37:05 - Claiming Social Security
  • 39:59 - Social Security and Medicare
  • 44:28 - Social Security and Due Diligence
  • 56:27 - Working and Disability Benefits
  • 59:59 - Conclusion

Resources Mentioned In Today’s Episode:

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to choose a fight today on the show we have a deep dive into Social Security.

0:05.2

Now this is something that in the seven plus years that choose a vice been around,

0:10.0

we really haven't spent that much time on even though it is of critical importance and our

0:14.9

guest today is Dennis Shapiro and he worked at the Social Security Administration for over 12 years

0:21.2

and he actually reached out to me from our five weekly newsletter.

0:25.4

Late last year I had a little section where I copied and pasted some articles that I found

0:30.1

on a Social Security deep dive and he responded to me and said,

0:34.0

hey Brad, I worked at SSA for 12 years if you're ever interested in doing an episode,

0:38.8

I'd be all about it and I instantly jumped on it and this is the creation.

0:43.1

So this is going to be a lot of fun

0:45.3

and really critically important for those of us

0:47.9

in the Fai community that really don't even consider

0:51.1

Social Security benefits in our fine number to our great detriment because many of us

0:55.8

most likely are working months or years more than we have to and being ultra conservative and not

1:01.7

considering something that is very, very important into our calculations.

1:06.4

I think you're really going to enjoy this.

1:08.1

Welcome to Choose A-Fi. Thank you, the honor is all mine.

1:18.6

Dennis, my friend, thank you for being here. I really appreciate it.

1:20.0

Brad, thank you, the honors all mine.

1:22.1

I've literally listened to you guys a long, long time ago.

1:26.6

Till now, always follow along with the newsletter.

1:28.7

So when I saw that blurb, I was more than happy to reach out

...

Transcript will be available on the free plan in -387 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brad Barrett | Choose FI Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brad Barrett | Choose FI Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.