New 2025 Rules: Social Security, Medicare, and Retirement Planning

Brad and Heather dive deep into the major changes impacting retirement planning, Social Security, and Medicare in 2025. Heather Schreiber, a retirement income expert with over 30 years of experience, explains the repeal of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) under the Social Security Fairness Act—highlighting how this legislation is now increasing monthly benefits and even issuing retroactive refunds to many retired public employees. They also break down the hidden risks of Medicare’s IRMAA surcharges, emphasizing how unexpected income (like inheritances or RMDs) can trigger thousands in surprise costs. The conversation then shifts to the growing importance of financial planning for women, with Heather passionately advocating for financial autonomy, especially in widowhood.