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 [...]

ABOUT

[...]

Published On
July 9, 2016

The new Social Security rules have eliminated the Restricted Application claiming strategy, but there are still some that can take advantage of this “claim now, claim more later” rule (file and suspend strategy). Plus, hosts answer some of the most frequently asked Social Security questions.

2:29 “The jobs report came out on Friday, and over 200,000+ jobs were added…it was the biggest increase in jobs data in quite some time.”

6:46 “If you take a look at mutual funds and the lack of transparency in mutual funds, and if you’re comparing it to a benchmark of the S&P 500, you don’t necessarily know what asset classes or stocks are in that particular mutual fund.”

14:11 “We’ve been a fiduciary 100% of the time; any time you work with an advisor make sure you get that in writing, that they will act as a fiduciary 100% of the time.”

15:08 “There was something called file and suspend and restricted application that went away. However, if you turned 62 before the end of last year (12/31/15), you could still file a restricted application.”

17:44 “You’d think that claiming your Social Security benefits would be pretty easy, but it’s not – in fact, there are literally thousands of different combinations to claim your benefits.”

19:10 “At what age can I start getting Social Security? 62 is the earliest you can take Social Security…full retirement age for most people is 66 or 67; the last year you can take it is age 70.”

25:12 “You can still suspend your [Social Security] benefits though, which I think a lot of people don’t understand.”

34:33 “Paying yourself first is key. Pay first, spend second.”