Keeping Up with Inflation by Optimizing your Social Security Benefit with Larry Kotlikoff

When we look at 2022 in the rearview mirror, many of us will remember it as a year of inflation, volatility, and extreme uncertainty.

So, in the midst of a massive market contraction and financial upheaval, what can you do to ensure you don’t run out of money–especially when it comes to your Social Security?

To help me answer that question, I’m thrilled to welcome Professor Larry Kotlikoff back to the podcast. Larry has written over 19 books, and has a passion for helping people make smart, sound financial decisions.

With that in mind, we’re talking about Social Security tips and strategies that can save you hundreds of thousands of dollars. We dig into how inflation directly affects Social Security benefits, the money-losing mistakes that so many people make as they approach retirement age, and what we should be doing to create a better financial future for our children and our country.

In this podcast interview, you’ll learn:

• Why most people between the ages of 50 and 62 accidentally leave $182,000–or more–on the table by failing to optimize their Social Security.
• The importance of planning for worst-case scenarios when it comes to retirement–including living to 100.
• How to treat (and think about) money in the markets.
• What makes reverse mortgages and other similar lines of credit so tempting, and so dangerous.
• Larry’s vision for a more sustainable retirement system.

Interview Resources

• Laurence Kotlikoff
• Follow Laurence Kotlikoff on Twitter | LinkedIn | Facebook
• Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life by Laurence J. Kotlikoff
• Get What's Yours: The Secrets to Maxing Out Your Social Security (The Get What's Yours Series) by Laurence J. Kotlikoff, Philip Moeller
• Ask Larry
• Economics Matters by Laurence Kotlikoff
• You’re Hired by Laurence Kotlikoff
• MaxiFi