Pure’s Senior Financial Advisor, Kyle Stacey, CFP®, AIF®, explores the complexities of Social Security and how your decisions can impact your long-term financial future. Discover key strategies to help you make the most of your benefits.
Outline
- 00:00 Introduction
- 4:52 Important Changes to Social Security in 2025
- 6:47 Rules of Social Security Benefits
- 9:52 Expected vs. Actual Retirement Age
- 12:20 Working While Collecting
- 15:05 David & Carol Scenarios
- 19:05 Survivor benefits
- 20:45 Collecting at age 62
- 22:31 Collecting at age 67
- 23:45 Collecting at age 70
- 27:35 Social Security Taxation
- 34:45 Q&A
- I’m a stay-at-home parent and have only 18 years of earnings. What steps can I take now to increase my future Social Security benefits before retirement? I’m hoping to retire in 5 years.
- My wife started her Social Security at age 63 and I plan to take mine at 70. Has the law changed? If I die, will my wife be able to elect my higher income?
- When should I apply to get my Social Security benefits?
- Do disabled adult children get their parents benefit when their parent passes?
- Can you clarify the Fairness Act and how it affects teachers and their pensions?
Transcription:
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IMPORTANT DISCLOSURES:
• Neither Pure Financial Advisors nor the presenter is affiliated or endorsed by the Internal Revenue Service (IRS) or affiliated with the United States government or any other governmental agency.
• This material is for information purposes only and is not intended as tax, legal, or investment recommendations.
• Consult your tax advisor for guidance. Tax laws and regulations are complex and subject to change.
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC an SEC Registered Investment Advisor.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Neither Pure Financial Advisors nor the presenter is affiliated or endorsed by the Internal Revenue Service (IRS) or affiliated with the United States government or any other governmental agency. This material is for information purposes only and is not intended as tax, legal, or investment recommendations.
CFP® – The CERTIFIED FINANCIAL PLANNER® certification is by the CFP Board of Standards, Inc. To attain the right to use the CFP® mark, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. 30 hours of continuing education is required every 2 years to maintain the certification.
AIF® – Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.
