The Coronavirus pandemic has created an unprecedented global healthcare, economic and personal financial crisis. The risks are magnified for those approaching retirement, who face a higher risk of infection, loss of income, and a steep drop in the value of their retirement savings. In this special edition of Friends Talk Money, Richard, Pam and Terry serve up advice and insights about what’s going on with stimulus checks, and how to stay solvent and avoid making bad decisions during these trying times.
The Friends Talk Money podcasts talk about why many of us aren't bestowing inheritances to heirs the right way and not helping our parents make inheritances properly. We also talk about how financial advisers could be more helpful to families so they handle inheritances wisely.
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Social Security is clawing back $21 billion in mistaken overpayments — impacting retirees and the disabled. Terry Savage and Larry Kotlikoff have written a new book — Social Security Horror Stories — revealing the shocking abuse. Last weekend they were featured on CBS - Sixty Minutes speaking with Anderson Cooper about this issue. In this episode, Larry joins Terry, Pam and Richard to take a deeper dive into problem and what you should do to ensure you get what’s rightfully yours.
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