Social Security Mistakes That Cost You Thousands

Off the Fence with Karen Covy: Mastering Decision Making, Divorce & More

What if one decision could give you a 24% inflation‑adjusted raise to your retirement for life? Financial planner Eric Blake reveals the hidden complexities of Social Security that could cost you thousands—or help you maximize your retirement income if you know the rules. From understanding full retirement age to navigating spousal and survivor benefits, Eric breaks down the critical decisions that can make or break your financial security in retirement.

The discussion covers essential Social Security strategies, including when to start claiming benefits, how working affects your payments, and the tax planning opportunities available at age 70. Eric explains the crucial differences between spousal benefits and survivor benefits and why understanding these distinctions matters for your financial future – especially if you’re divorced.

Eric also clarifies the often-misunderstood rules around ex-spousal benefits, including the critical 10-year marriage requirement and how remarriage affects your eligibility to get Social Security benefits based on your ex’s status (… which you can claim without your ex-spouse's knowledge or consent!)

Whether you're approaching retirement, recently divorced, or widowed, understanding these Social Security rules could mean the difference between financial struggle and financial security.

About Eric

Eric Blake is a CERTIFIED FINANCIAL PLANNER® professional and the founder of Blake Wealth Management, specializing in helping women 55+ navigate retirement with clarity and confidence. With more than 25 years of experience, Eric provides strategies to optimize investments, create reliable income, and minimize taxes. Inspired by his mother and grandmother’s financial journeys, Eric has a personal passion for empowering women to take control of their financial future

Connect with Eric

You can connect with Eric on LinkedIn at Eric Blake and on Facebook at Eric Blake. You can follow Eric on Instagram at Eric Blake, on YouTube at The Simply Retirement Podcast and on his podcast The Simply Retirement Podcast. To find out more about Eric’s work visit his website at Blake Wealth Management.

Free Resource

Grab Eric’s Top 6 Social Security Guides and Checklists for Women -

Ultimate Guide to Women's Social Security Success.

Karen Covy is a Divorce Coach and Consultant, Lawyer, Author, and Speaker who is dedicated to helping people make the best decisions possible for themselves, their families, and their future - especially in stressful times. You can check out Karen's videos on YouTube.
You can connect with Karen on LinkedIn, Facebook, Instagram, Twitter, and on her own website at karencovy.com.

챕터

1. Meet Eric Blake & Mission (00:00:00)

2. Full Retirement Age Basics (00:02:40)

3. When to Claim: Break‑Even Thinking (00:06:20)

4. Working While Claiming: Earnings Test (00:10:55)

5. Delay to 70, Taxes, Retroactive Tactics (00:15:20)

6. Spousal vs Survivor Benefits Explained (00:21:00)

7. Switching After Death & How to Apply (00:27:30)

8. 2024 Fairness Act: WEP/GPO Repeal Impact (00:31:00)

9. Divorce Rules: The Ten‑Year Standard (00:36:15)

10. Remarriage Traps and Timing (00:41:20)