Social Security Secrets S. 5 | Ep. 2
The numbers are staggering. Each day, 10,000 people are reaching retirement age and becoming eligible for social security benefits. The vast majority of those people have no idea how to maximize their benefits. Financial experts Joe Anderson and Alan Clopine draw on their decades of experience to highlight Social Security secrets that can help put thousands of more dollars in your pocket during retirement.
Important Points:
(2:15) - Important Ages to Consider with Social Security
(4:00) - Who is Eligible for Social Security?
(4:30) - Claiming Benefits at Full Retirement Age & Collecting Early vs. Collecting Late
(6:25) - Download the Social Security Handbook Here: http://bit.ly/SocialSecurityHandbook
(6:40) - If I claim Social Security benefits while working before my full retirement age, will my benefits be reduced?
(8:10) - Social Security Tips for Singles
(9:00) - Social Security Tips: Divorced
(10:30) - Social Security Tips: Survivor Benefits
(12:08) - Claiming Strategies for Married Couples
(15:35) - Social Security Secret #1: There is no advantage to collecting your own Social Security benefit later than age 70.
(16:20) - Social Security Secret #2: There is no advantage to delaying spousal or survivor benefits until after your full retirement age.
(17:30) - Social Security Secret #3: You can "repay and replay" but only within one year.
(17:50) - Social Security Secret #4: If you were married multiple times (for over 10 years each), you can claim a spousal benefit on the ex-spouse with the highest benefits.
(18:20) - Social Security Secret #5: If you were 62 before January 2, 2016, you may be able to take a full spousal benefit at or after full retirement age while letting your retirement benefit grow through age 70 (Old File & Suspend Rule).
(19:15) - VIEWER QUESTION - My wife and I are 60 years old. Would it work out better financially for us if we took her Social Security at 62 and invested all of it rather than waiting until her full retirement age to claim the benefits?
(21:01) - VIEWER QUESTION - I want to keep working until I'm 70. I make $150,000 a year as a consultant. Will it be worth it for me to keep working or will it cause me to net less because of the taxes I will pay on my Social Security benefits and my income?
If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/
Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” http://bit.ly/2FDSfK2
Channels & show times: http://yourmoneyyourwealth.com
https://purefinancial.com
IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. #YourMoneyYourWealth #YMYW #YourMoneyYourWealthTV
Видео Social Security Secrets S. 5 | Ep. 2 канала Your Money, Your Wealth
Important Points:
(2:15) - Important Ages to Consider with Social Security
(4:00) - Who is Eligible for Social Security?
(4:30) - Claiming Benefits at Full Retirement Age & Collecting Early vs. Collecting Late
(6:25) - Download the Social Security Handbook Here: http://bit.ly/SocialSecurityHandbook
(6:40) - If I claim Social Security benefits while working before my full retirement age, will my benefits be reduced?
(8:10) - Social Security Tips for Singles
(9:00) - Social Security Tips: Divorced
(10:30) - Social Security Tips: Survivor Benefits
(12:08) - Claiming Strategies for Married Couples
(15:35) - Social Security Secret #1: There is no advantage to collecting your own Social Security benefit later than age 70.
(16:20) - Social Security Secret #2: There is no advantage to delaying spousal or survivor benefits until after your full retirement age.
(17:30) - Social Security Secret #3: You can "repay and replay" but only within one year.
(17:50) - Social Security Secret #4: If you were married multiple times (for over 10 years each), you can claim a spousal benefit on the ex-spouse with the highest benefits.
(18:20) - Social Security Secret #5: If you were 62 before January 2, 2016, you may be able to take a full spousal benefit at or after full retirement age while letting your retirement benefit grow through age 70 (Old File & Suspend Rule).
(19:15) - VIEWER QUESTION - My wife and I are 60 years old. Would it work out better financially for us if we took her Social Security at 62 and invested all of it rather than waiting until her full retirement age to claim the benefits?
(21:01) - VIEWER QUESTION - I want to keep working until I'm 70. I make $150,000 a year as a consultant. Will it be worth it for me to keep working or will it cause me to net less because of the taxes I will pay on my Social Security benefits and my income?
If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/
Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” http://bit.ly/2FDSfK2
Channels & show times: http://yourmoneyyourwealth.com
https://purefinancial.com
IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. #YourMoneyYourWealth #YMYW #YourMoneyYourWealthTV
Видео Social Security Secrets S. 5 | Ep. 2 канала Your Money, Your Wealth
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16 сентября 2018 г. 19:00:00
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