Big Changes to Social Security

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP® · Jan 9, 2025 · 22m

The Social Security Fairness Act is shaking up the retirement landscape, eliminating the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) for millions of retirees. These long-standing provisions have impacted Social Security benefits for public sector workers like teachers, firefighters, and police officers—until now.

In this episode, hear Tyler Emrick, CFA®, CFP® dive into what the changes mean, how retirees can expect retroactive payments, and the broader impact on the Social Security system.

Here’s some of what we discuss in this episode:

Background on the Social…