Social Security changes are now in effect; hosts explain best ways to maximize your benefit despite two major claiming strategies now eliminated. Listeners are also faced with the realities of retirement, as hosts debunk common retirement & social security myths.
6:07 “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”
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