Maximizing Social Security Benefits Under New Rules - 27

Your Money, Your Wealth

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

2.3 • 681 Ratings

🗓️ 7 May 2016

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Social Security changes are now in effect. In episode 27 of the YMYW podcast, Joe Anderson, CFP® and Big Al Clopine, CPA explain the best ways to maximize your benefit despite two major claiming strategies now eliminated. Listeners are also faced with the realities of retirement, as Joe and Al debunk common retirement and Social Security myths. Original publish date May 7, 2016 (hour 1). Note that content may be outdated as rules and regulations have changed.

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00:00 - Intro

06:07 - “The (2016) retirement confidence survey (by Employee Benefits Research Institute) reports that almost half- 47% of workers surveyed – think they’ll need to save at least $500,000 for a comfortable retirement”

11:24 - “At certain income levels, your Social Security income is tax-free”

15:44 - “Even if you’re currently retired, you have to look at what tax consequences are on the income you are producing”

16:55 - “That’s what Social Security is giving you, it’s a delayed retirement credit of 8% per year, each year that you delay”

22:48 - “We’re living longer so it makes sense to push the retirement age out; that’s just pure logic”

27:34 - “We’re going to talk about dealing with fear and uncertainty in retirement and here are six ways to deal with it”

Transcript

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0:00.0	Pure Financial Advisors, a registered investment advisor.
0:03.2	This show does not intend to provide personalized investment advice through this broadcast
0:07.3	and does not represent that the securities or services discussed are suitable for any investor.
0:12.5	Investors are advised not to rely on any information contained in the broadcast in the process of making a full informed investment decision.
0:19.0	This is your money, your wealth, on Talk Radio 760, KFMV.
0:24.8	Now, here's Joe Anderson and Big Al-Clopine.
0:28.4	Hey, it's a little bit after the hour.
0:29.9	Good morning, everyone.
0:30.6	Show's called Your Money or Wealth, Joe Anderson, Big Al-Clopine, hanging out for the next
0:34.4	couple of hours talking about finances, financial planning,
0:45.8	retirement, Social Security, identity theft. We got a guest coming up here in the second hour.
0:53.9	We got Matt Davis. He worked for the Identity Thief Resource Center. And we're doing a webinar, Big Al.
0:55.0	You are. That's what I am.
0:56.0	May 17th, I believe, right?
0:58.0	May 17th, yes.
0:59.0	May 17th at 1030 a.m.
1:02.0	If you want to register for the webinar, you can go to Purefinancial.com
1:05.0	slash identity.
1:08.0	Identity.
1:09.0	So, yeah, join us a little bit later. I'm going to talk to him a little bit about what he does, how he does it.
1:14.1	Some steps to take to hope mitigate as much as you can identity theft. It's a real issue. It's a big deal.
1:20.1	And I know a lot of our listeners have had their identity stolen in some shape or another. And, Al, your credit cards get stolen every couple of months.
	...

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