Martha Shedden is president of the National Association of Registered Social Security Analysts, which she co-founded in 2016. An engineer by training, Shedden turned to financial and retirement education in 2011 when she opened her business, Shedden Social Security & Retirement Planning.
In an email, Shedden responded to 10 questions on her professional and personal endeavors.
1. What market indicator, industry statistic, regulatory change or advisor trend are you watching most closely right now and why?
Martha Shedden: My priority is any regulatory changes that affect retirement. Most consequential to retirees is the Nov. 1 introduction of the Social Security 2100: A Sacred Trust bill. Health care is the largest unknown future cost for retirees, so it is a high priority in retirement planning.
Due in part to the pandemic, the future of work has come to the forefront during these last two years. I'm especially encouraged by some of the changes that can make part-time, flexible and remote work more accessible for older workers.
2. How has this statistic/indicator been changing recently (2021), and how do you expect it to change (2022)?
Introduction of the Social Security 2100 bill has the potential for positive change that will affect millions of retirees, possibly beginning in 2022 if it is passed. The bill includes changes to increase benefits and strengthen the trust fund.
3. What would you suggest advisors do now or consider doing in the future about it?
Become knowledgeable about the Social Security 2100 bill so [they] can address client questions and provide them with the correct details of changes to come. There is a great deal of misinformation surrounding the topic of Social Security.
4. Who or what critical source of information do you track, or follow online, to keep up with this or other trends?
I follow the Center on Budget and Policy Priorities, the Boston College Center for Retirement Research and I have Google alerts set up for any news on Social Security.
5. Are you changing any of your work habits at this stage of the pandemic? Why/why not?