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:

Free download – The Social Security Handbook:

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 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?

Broadcast Date: June 25, 2017

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• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. #YourMoneyYourWealth #YMYW #YourMoneyYourWealthTV…(read more)

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Social Security Savvy: A Successful Strategy For Retirement – Your Money, Your Wealth® TV S4 | E13

As retirement approaches, many individuals are often faced with the daunting task of figuring out how to maximize their Social Security benefits. With so many variables to consider, it can be challenging to navigate the complex world of Social Security. However, in the latest episode of Your Money, Your Wealth® TV, Season 4, Episode 13, viewers are given a comprehensive guide to understanding and ultimately leveraging their Social Security benefits for a successful retirement.

Hosts Joe Anderson, CFP® and Big Al Clopine, CPA, along with their guest, retirement income expert and author, Heidi Bailey, provide a wealth of information on how to make the most of your Social Security benefits. The episode delves into various strategies for claiming Social Security, as well as the potential impact on your retirement income.

The key takeaway from the episode is the importance of being Social Security savvy. This entails understanding the various claiming options, spousal benefits, survivor benefits, and timing considerations. With the right knowledge and planning, individuals can significantly increase their Social Security income and ultimately enhance their overall retirement outlook.

One of the highlights of the episode is the discussion on the potential pitfalls of claiming Social Security benefits too early. While it may be tempting to start receiving benefits as soon as you become eligible at age 62, doing so can result in a substantial reduction in the amount of monthly benefits. The hosts emphasize the significance of delaying benefits and the impact it can have on increasing the overall payout during retirement.

Additionally, the episode explores the intricacies of spousal and survivor benefits, shedding light on how married couples can optimize their Social Security income together. The hosts provide valuable insights on coordinating benefit strategies for couples to ensure they make the most of their combined benefits.

For those nearing retirement, the information presented in this episode of Your Money, Your Wealth® TV is invaluable. By understanding the complexities of Social Security and being strategic in their approach, individuals can set the stage for a financially secure and fulfilling retirement.

In conclusion, being Social Security savvy is essential for creating a successful retirement strategy. With the guidance and expertise provided in this episode, viewers can gain the necessary knowledge to make informed decisions about their Social Security benefits, ultimately leading to a more secure and comfortable retirement. Overall, Your Money, Your Wealth® TV S4 | E13 offers a comprehensive and insightful look at how to leverage Social Security for a successful retirement.