The year you retire is certainly one of the most exciting times of your life, but it is also one of the times when we are, financially speaking, the most vulnerable. But the good news is that with the right know-how, tools and planning, you can minimize your risks and vulnerabilities and focus your efforts on those things that will truly make your golden years golden.
Join CERTIFIED FINANCIAL PLANNER™ professionals, John Bever and Jim Uren as they discuss the latest strategies to help make the year you retire your best year yet.
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The year you retire is certainly one of the most exciting times of your life, but it is also one of the times when we are, financially speaking, the most vulnerable. But the good news is that with the right know-how, tools and planning, you can minimize your risks and vulnerabilities and focus your efforts on those things that will truly make your golden years golden.
Join CERTIFIED FINANCIAL PLANNER™ professionals, John Bever and Jim Uren as they discuss the latest strategies to help make the year you retire your best year yet.
Deciding when to start claiming your Social Security retirement benefits is one of the biggest decisions you need to make in the year you retire. In this episode of The Year You Retire, hosts John Bever and Jim Uren will help you discover how you can get the most out of your individual Social Security benefits. With a laid-back and personable tone, they delve into key considerations such as the irrevocable nature of Social Security decisions, the earnings limit, timing of benefit payments, and the advantages of delaying benefits. Offering practical insights, the hosts stress the importance of individual factors like health and life expectancy, while also outlining how delaying benefits can lead to higher retirement income. This episode serves as a valuable resource for individuals nearing retirement age, whether they are just beginning to consider Social Security planning or seeking to optimize their retirement income. Listeners are encouraged to tune in and gain essential knowledge on making the most of their Social Security benefits.In this episode, you will:* Learn how to maximize your lifetime Social Security retirement income.* Discover the benefits of delaying Social Security for a higher payout.* Understand the key factors to consider when delaying Social Security.* Explore alternative income sources to support delayed Social Security.* Understand the importance of Social Security in your overall retirement income plan. The key moments in this episode are: 00:00:05 - Introduction 00:01:10 - Basics of Social Security 00:01:30 - Working While Receiving Benefits 00:03:09 - Importance of Making the Right Decision 00:04:25 - Factors to Consider for Timing 00:14:30 - Earnings Limit and Reduction 00:15:11 - Earnings Limit based on Retirement Age 00:15:50 - No Reduction After Full Retirement Age 00:16:28 - Timing of Social Security Claims 00:17:44 - Financial Impact of Early Claiming 00:29:21 - Importance of Delaying Social Security Benefits 00:30:52 - Alternate Sources of Income Before Social Security 00:32:45 - The Goal of Never Running Out of Money in Retirement 00:33:41 - Reasons to Not Delay Benefits 00:36:16 - When to Start Planning for Social Security Disclosure: The views expressed in this podcast are not necessarily the opinions of Phase 3 Advisory Services and should not be construed directly or indirectly as an offer to buy or sell any securities or services mentioned herein. Unless otherwise specified, show guests are not securities licensed or affiliated with Phase 3 Advisory Services or Osaic Wealth. Investing is subject to risks, including loss of principal invested. Past performance is not a guarantee of future results. No strategy can assure profit nor protect against loss. Please note that individual situations can vary. Therefore, the information should only be relied upon when coordinated with individual professional advice. Securities offered through Osaic Wealth, Inc. member FINRA/SIPC. Additional investment. and insurance advisory services offered through Phase 3 Advisory Services Limited, a Registered Investment Advisor.Osaic Wealth is separately owned and other entities and or marketing names, products or services referenced here are independent of Osaic Wealth. Phase 3 Advisory Services is located at 1110 West Lake Cook Road, Suite 265 in Buffalo Grove, Illinois 60089. Our phone number is 847-520-5545. For additional information, visit our website at phase3advisory.com.
The Year You Retire
The year you retire is certainly one of the most exciting times of your life, but it is also one of the times when we are, financially speaking, the most vulnerable. But the good news is that with the right know-how, tools and planning, you can minimize your risks and vulnerabilities and focus your efforts on those things that will truly make your golden years golden.
Join CERTIFIED FINANCIAL PLANNER™ professionals, John Bever and Jim Uren as they discuss the latest strategies to help make the year you retire your best year yet.
