In this episode, Garrett and Adam explore why high-net-worth married retirees often overlook the risk-reducing power of Social Security by focusing strictly on an investment ROI calculator. Discover how maximizing your baseline benefit maximizes the compounding strength of both the household survivor benefit and annual cost-of-living adjustments to shield your total portfolio from unexpected inflation cycles.

We have developed a 5 step framework for what tax planning looks like for High-Net-Worth Retirees between $2M-$8M. It walks you through each season of the calendar year and how we implement tax-return driven financial planning for clients.

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Time Stamps:

(00:00) – Intro & Welcome Back from Vacation

(01:05) – Topic Introduction: Social Security

(01:40) – Garrett's History with Social Security Workshops

(03:05) – Social Security for the $2M to $8M+ High-Net-Worth Crowd

(04:00) – Underrated Feature #1: The Survivor Benefit Rule

(06:25) – Investment ROI vs. Insurance Components

(09:05) – Tying Social Security into Proactive Roth Conversion Planning

(10:50) – Underrated Feature #2: Cost of Living Adjustments

(12:45) – The Historical Blueprint of COLA and Modeling Inflation

(15:00) – The Impact of Recent Inflation Waves On Your Capital

(17:10) – Why Social Security is a Unicorn Asset (Not Just Bank Cash)

(20:05) – Is Social Security Going Bankrupt?

(21:55) – Wrap-Up & The Year-End Tax Planning Checklist Challenge

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