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A show designed to help retirees and pre-retirees live an awesome retirement.
Social Security Questions Answered for Retirement: Part 2
Smart Wealth and Retirement
25 minutes 53 seconds
3 months ago
Social Security Questions Answered for Retirement: Part 2
In this episode, financial advisors and retirement planners Jim Martin & Casey Bibb of Martin Wealth Solutions continue their deep dive into Social Security, focusing on strategies to maximize your benefits. They discuss the importance of understanding your full retirement age, the impact of claiming early or delaying, and how spousal and survivor benefits can play into your plan. Jim & Casey also cover taxation of benefits, coordination with other income sources, and key mistakes to avoid. This episode offers practical, clear guidance to help you make the most of your Social Security decisions.Want to work with us?
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00:00 Introduction to Today’s Topic00:38 Review of Social Security Basics from Part 102:14 Full Retirement Age and Its Impact04:56 Early Claiming: Pros, Cons, and Long-Term Effects08:20 Delaying Benefits for Higher Payouts11:05 Spousal and Survivor Benefits Explained15:32 Taxation of Social Security Benefits18:45 Coordinating Social Security with Other Income22:10 Common Mistakes and How to Avoid Them25:54 Final Thoughts and Next Steps
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Smart Wealth and Retirement
A show designed to help retirees and pre-retirees live an awesome retirement.