The Government Pension Offset (GPO) Top 7 Questions

Have you ever worked in a government job where you didn’t pay Social Security taxes? If that job also allowed you to earn a pension, then it’s critical that you understand the Government Pension Offset, or GPO.

The Government Pension Offset rule can drastically reduce, or even completely eliminate, your Social Security spousal or survivors’ benefits. That’s why it’s so important that if you ever worked in a public service job and earned a pension from your position, you take the time to learn everything you can about the GPO and how it could impact your Social Security income.

The Government Pension Offset’s mechanics are really simple: Your survivors’ or spousal benefits from Social Security will be reduced by an amount equal to two-thirds of your gross pension.

That’s a nasty surprise for the people who didn’t know about it, or fully understand how to plan for it. To avoid finding yourself in that situation, education is key. I’m sharing the top 7 questions I receive about the Government Pension Offset to help provide just that, so you can better plan for a successful retirement.

– Explained by Devin Carroll, RSSA

Learn more: https://www.socialsecurityintelligence.com/top-7-questions-on-the-government-pension-offset-gpo/

 

 

➡️ Want to be on the show with Devin? We record every Thursday at 12:00 central. 903-400-4848

Listen to the Devin Carroll Show podcast:
https://rssa.com/podcasts/the-devin-carroll-show/

Subscribe to the Devin Carroll Show on YouTube:
https://www.youtube.com/c/DevinCarroll

📊 Get a customized Social Security plan. Start with a complimentary 10-minute consultation with our team of Registered Social Security Analysts.
https://calendly.com/rssa/consultation

➡️ Financial Advisors and Accountants – Become an RSSA and discover how Social Security expertise can unlock massive opportunities for your practice.
https://www.narssa.org/registration/?pro

✔ Download our White Paper: Social Security Expertise, the Next New Trend for Financial Professionals.
https://rssa.com/social-security-expertise/

⚠️ Questions about the RSSA Social Security Education & Training for Financial Professionals & Advisors?
https://calendly.com/narssa/become-an-rssa

⚠️ Questions about maximizing and optimizing your Social Security benefits?
https://calendly.com/rssa/ask-an-rssa-session

 

Posted on May 23, 2022 by Ted Rosedale
37 views