ABOUT THE GUESTS

mary beth franklin
ABOUT Mary

Mary Beth Franklin is a contributing editor for InvestmentNews and is a nationally recognized expert in Social Security claiming strategies.  Formerly a Capitol Hill reporter at United Press International and retirement and tax editor at Kiplinger Personal Finance, Mary Beth has been working in the finance industry for years.  She frequently speaks and writes about current research on [...]

ABOUT HOSTS

Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Alan Clopine
ABOUT Alan

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently leads Pure Financial Advisors along with Michael Fenison and Joe Anderson. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. As of [...]

Published On
April 18, 2015

This second hour of the podcast is about understanding the tax impact of your portfolio and retirement accounts.  Learn some common claiming mistakes people make so that you can better understand when the best time is to claim your Social Security benefits. Joe and Al have a discussion with guest Mary Beth Franklin on what the best creative claiming strategies are.  These include the file and suspend strategy and filing a restrictive claim for spousal benefit strategy.


4:13 “Start saving today because whatever you save now can multiply and change the character of your retirement”

12:02 “Just a couple days ago the U.S. House of Representatives held a floor vote and voted to repeal the Estate Tax”

19:40 Start of Conversation with Mary Beth Franklin

20:14 “As most people know, yes you can claim Social Security benefits as early as age 62, but if you do that, your benefits will be permanently reduced for the rest of your life and you will not be able to use the creative claiming strategies [which I will describe] which could mean the difference of $100,000 or more over the lifetime of a married couple”

20:47 “If you wait until age 66 to claim, you would not only get your full social security benefits, but you could engage in these creative claiming strategies that could significantly increase your retirement income

21:38 “The average American could boost their retirement income by 76% if they claimed benefits at age 70 instead of age 62”

37:46 “What do you do with your money? How do you make your money work for you?  You need to get serious about a plan”