Still trying to piece together your plan for retirement? Social Security benefits are a big part of that puzzle for most people. Financial experts Joe Anderson and Alan Clopine go over the rules and regulations for Social Security to help maximize your payout.
In this must-see show Joe and Al explore:
Who is Eligible
When to Claim Benefits
Social Security Savvy Quiz
Income Tax Considerations
You can also put yourself to the test to see how Social Security Savvy you are.
Important Points:
(1:10) – Social Security Statistics
(3:12) – Who is Eligible for Social Security?
(4:06) – How is Social Security Calculated?
(5:28) – When to Start Social Security and the Corresponding Benefits
(6:25) – When People Actually Claim Social Security
(7:26) – Benefits Received Based On Life Expectancy
(8:30) – True or False? If I divorce my spouse after being married for nine years and 11 months I will not be entitled to any of their Social Security benefits.
(9:19) – Social Security Savvy Quiz
(17:45) – How Social Security Benefits are Taxed
(20:14) – True or False? I cannot work and collect social security at the same time.
(21:03) – Email Question #1: My ex-husband of 20 years passed away recently. Is there any advantage for me to wait until I am 70 to claim his benefit?
(22:01) – Email Question #2: My son worked for our family business for 15 years on a cash basis. What happens when he retires since he hasn’t paid any money to Social Security? Is there anything he can do now to improve his situation?
