In this episode, Dan and Katelyn discuss key financial topics affecting federal employees, including the repeal of the WEP and GPO under the Social Security Fairness Act and practical strategies from a Shutdown Survival Guide.
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The Fed15 Podcast: Social Security Updates & Shutdown Survival Strategies for Feds
Dan breaks down the Social Security Fairness Act and the repeal of the WEP and GPO, explaining who is impacted and the average monthly benefit increases they can expect. He also covers retroactive payments, how earning credits and retirement age factor into benefits, and offers insights on Social Security’s long-term stability and potential future changes. Throughout, he emphasizes the importance of staying informed on SSA updates to make sound financial decisions.
Katelyn shares a Shutdown Survival Guide as a practical resource for navigating future government shutdowns. She covers key strategies like building an emergency fund, budgeting for uncertainty, exploring hardship withdrawals, and accessing assistance programs. She concludes with lessons learned from past shutdowns to help Feds better prepare moving forward.
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