What You Need to Know About Social Security and Making Money - 185

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

🗓️ 4 September 2018

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Answering your questions on how collecting a paycheck or investing during retirement might affect your Social Security benefits. Plus, "the Goddess of Social Security," InvestmentNews contributing editor and nationally recognized Social Security expert Mary Beth Franklin goes over the basics of Social Security, claiming benefits as a single person, a married couple, a public employee - and are you eligible for retroactive Social Security benefits? Transcript and show notes at http://bit.ly/YMYW-185

Transcript

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0:00.0	Today on Your Money Your Wealth, it's wall-to-wall social security.
0:03.8	But before we get into it, click special offer at Your Money Your Wealth.com right now and download our new Social Security handbook for free.
0:11.9	It's chock full of information to help you make decisions about one of the most important aspects of your retirement, your Social Security.
0:18.5	Now, we've had a lot of questions lately on how collecting a paycheck or investing during retirement might affect your Social Security. Now, we've had a lot of questions lately on how collecting a
0:21.5	paycheck or investing during retirement might affect your Social Security benefits. So today,
0:26.4	Joe and Big Al have got some answers for you. Plus, some call her the goddess of Social Security.
0:32.0	Investment News contributing editor and nationally recognized Social Security expert,
0:36.5	Mary Beth Franklin joins Big Al to go over
0:38.6	the basics of Social Security, as well as claiming benefits as a single person, a married
0:43.1	couple, a public employee, and whether or not you may be eligible for retroactive Social Security
0:48.3	benefits. Now, here are two gods of finance? No, the microphone? Uh, probably not. Well, anyway, here are Joe Anderson,
0:57.1	CFP, and Big Al-Clo-Pine CPA. You know what? Since we have Mary Beth on, let's tease it a little
1:02.5	bit with some email questions we got in regards to Social Security. Okay. I think I got one here.
1:08.7	All right. This is from Jessica. My yearly income is 19,800 and I'm 62 years old.
1:16.6	Can I collect my Social Security benefit and still earn this income without penalty?
1:21.6	Alan, what's your you?
1:23.6	My yearly income.
1:24.6	Well, we have to know what kind of income.
1:26.6	So if it's salary, it's over the
1:30.3	$17,000 plus limit. So you can collect most of your benefit, but not all. Because it's what,
1:37.7	about $17,500, give or take, somewhere in that range. 178, I believe. Yeah, something like that.
1:43.8	$17,040?
	...

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