Approaching 65: Social Security, Medicare, Retirement Planning & More (Barb's 65th Birthday Show!) Artwork

Women & Money: The Shit We Don't Talk About!

"We will never solve the feminization of power until we solve the masculinity of wealth." - Gloria Steinem. On this podcast, we're going to call out those ways that women are consistently left behind financially. But most importantly, how women can help themselves. Join hosts Barbara Provost & Maggie Nielsen as they help you navigate the ins and outs of financial independence so that you can be financially fearless. They'll connect you with helpful resources and compelling stories from women all across the country. Whether it's buying a house, preparing for retirement, dealing with divorce, there won't be a single question off the table. Maggie is a partner and Barbara is the founder of Purse Strings, a two-part model that's all about providing women the tools and resources they need to help them learn and understand what they need to know to make good financial decisions. And they help connect women with attorneys, financial planners, realtors, and many other financial professionals who have the expertise and desire to serve the female market. Women & Money: The Shit We Don't Talk About can be your place for tools, resources, education and a place to ask the important questions on your mind (or even better, the - you know - you aren't talking about). Find out more about Purse Strings by visiting https://pursestrings.co/ and we can't wait to connect with you on the podcast!

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Women & Money: The Shit We Don't Talk About!

Approaching 65: Social Security, Medicare, Retirement Planning & More (Barb's 65th Birthday Show!)

July 11, 2024 • Barbara Provost & Maggie Nielsen

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In celebration of Barb’s 65th birthday, we gathered a small group of her peers- Maggie Weiss, Karen Van Maldegiam, and Geri Bresnahan- who are all 65. Approaching this milestone often comes with a ton of questions about Social Security, Medicare, retirement, and more. That’s why we’ve also invited Koren Vining, a financial planner, certified Social Security Claiming Strategist, and retirement counselor, onto this episode to help us make sense of it all.

From understanding the intricacies of Medicare to maximizing Social Security benefits, Koren breaks down complex concepts into easily digestible information. Our guests share their personal journeys, questions, and dreams for retirement and give us a unique look into this major life transition. Join us as we explore these important topics and celebrate the diverse paths people take as they enter this new phase of life!

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

0:00 – Intro

4:13 – Experiences with Medicare

12:40 – Understanding Social Security credits

23:21 – Medicare’s IRMAA

29:25 – Decisions around enrolling in Medicare at age 65

37:15 – Traditional vs Roth IRA + minimizing tax burdens for heirs

45:13 – Living the retirement years

Learn more about Koren Vining’s financial services here

Want to take this conversation one step further? Join us for our next Money Talks, a free 30 minute live session where we’ll dig into a question we hear all the time from women business owners: Budgeting for Businesses to Offer Benefits. Click here to register for FREE and bring your questions!

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Barbara Provost

Host

Maggie Nielsen

Host