When Do I Start Drawing Social Security?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 16 March 2022

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	Tracey's with us in Seattle.
0:15.8	Hi, Tracey.
0:16.8	Welcome to the Ramsey show.
0:17.8	Hi, great to see you, Dr. Dr. John.
0:20.8	Hey, what's up?
0:21.8	I've got a question for you.
0:25.2	My husband and I are having a bit of an arm wrestle about death.
0:29.8	In May, I turned 62 in September of my husband turned 65.
0:36.0	And in 128 days, he's counting, I retire.
0:40.6	I am like so excited.
0:44.0	I'm sitting bubble.
0:47.0	What I want to know is when can we start drawing social security?
0:53.3	What we're living on now is his pension and my paycheck, which net is about 55-50
1:01.2	a month.
1:02.2	And then in August, I'll get my first retirement pension, which will be gross, about $3,100
1:12.7	and then after taxes.
1:14.4	And my employee contribution from my retiree, milk, and his supplemental insurance,
1:23.3	will come out of my pension check.
1:27.2	So starting August or September, in September, his net pension is like 2250.
1:37.3	My gross pension is about $3,100.
	...

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