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Your Money, Your Wealth

7 Changes to Social Security You Need to Know - 152

Your Money, Your Wealth

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3681 Ratings

🗓️ 4 February 2018

⏱️ 52 minutes

🧾️ Download transcript

Summary

Today on Your Money, Your Wealth, seven new changes to your Social Security benefits - Joe and Big Al talk about the good and the bad. Plus, how small business owners may be in danger of screwing up their Social Security, how the new tax law lets you save big money if you’re taking required minimum distributions, and Joe’s fear of commitment is further cemented by the story of a fella who lost 60% of his life savings in a divorce.

Transcript

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0:00.0

Your Money Your Welfth listeners, we want to put you on the show.

0:03.2

Call 888994-6257 for your chance to have Joe and Big Al answer your burning money questions live during your money your wealth.

0:11.5

Whether it's about retirement, investing, social security, taxes, your portfolio, whatever the topic is,

0:17.0

there's a pretty good chance these fellows can give you the insight that will help you make better money moves that number again is 888 994-6257 for your chance to have your question

0:29.2

answered live on your money your wealth social security benefits got a raise in 2018 uh 2% cost

0:37.3

a living joe highest increase in a number of years. Although,

0:42.3

if you look at this, the average benefit at a 2% increase $27 per month. 27. Today on Your

0:50.8

Money, Your Wealth, seven new changes to your Social Security benefits.

0:54.6

Joe and Big Al talk about the good and the bad.

0:57.5

Just think of all the things you can do with $27.

1:01.0

Plus, how small business owners may be in danger of screwing up their Social Security,

1:05.2

how the new tax law lets you save big money if you're taking required minimum distributions,

1:09.7

and Joe's fear of commitment is further

1:11.7

cemented by the story of a fellow who lost 60% of his life savings in a divorce.

1:16.8

Now, to tell us how 70 is the new 60, here are Joe Anderson's CFP and Big Al Clopine's CPA.

1:23.0

You know, on this show, we talk personal finance, we talk taxes, we talk retirement, we talk,

1:30.4

you know, I guess our personal lives.

1:31.7

Yeah, that comes out. We don't have anything else to talk about.

1:33.1

Yeah.

1:33.7

But there was an article that I read that I found somewhat interesting.

1:39.0

Okay.

1:39.7

And we've spoken about this quite a bit on the show but the headline was delaying retirement can have

...

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