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@paulsaragosa371 2 күн бұрын
Unfortunately u have to wrestling with bouncy around bugga bears burdens panda 🐼 stories 🐼 🐻 🐻❄ in the zoo
@Rita-ic9tv 2 күн бұрын
Well done video 👍
@Dolphinfinancialgroupfl Күн бұрын
Thanks 👍
@sherylgovert8120 2 күн бұрын
My spouse passed away what a joke i work full time lost 3000 in income and found out i can't collect because i make to much i can't live on just my income
@DavidBauer-iv9yw 2 күн бұрын
Joey defeated Medicare and Social Security so will chameleon
@petertu7359 2 күн бұрын
Social Security was meant to be a safety net and not a pension supplement for rich people. One solution to extend solvency of the Social Security fund is to remove the limits on taxation of income of high earners and to limit benefits for high net worth, high income retirees. If someone has $500,000 in retirement income, they would be fine if their Social Security check was reduced to $500 per month. They should also subject all income - not just W2 income - to Social Security taxes. For example, many executives receive stock options or restricted stock grants that end up being worth millions without paying a dime in Social Security tax on that income. Similarly, many Wall Street traders receive income that is characterized as LT capital gains (subject to favorable tax rates and not subject to Social Security or Medicare taxes).
@Dolphinfinancialgroupfl 2 күн бұрын
Many people receive long term capital gains (including retirees who downsize their home or invest in the market). Should we also apply SS tax to interest income on bank CDs? Taxing only the rich won't solve the demographic shortfall that is crushing Social Security.
@Rita-ic9tv 3 күн бұрын
Excellent video. Good topic!
@joycewright5386 3 күн бұрын
I have 20% of my savings in cash earning 5%. I’m happy with that for when the market crashes.
@gmharris2010 4 күн бұрын
Divorced survivors benefits - filed for benefits in march of 2022, and was approved with first check in September. Because they took 6 months to process, I was able to get 6 months of back pay - back to the date of the initial request
@gmharris2010 4 күн бұрын
Divorced survivors benefits - filed restricted application- will convert to mine at 70.
@gmharris2010 4 күн бұрын
On divorced survivors benefits. Under FRA. Will the digital dollar impact SS survivors benefits -under FRA- if working seasonal job that is under annual earnings limit but excedes monthly earnings limit?
@philipdefrancisco7540 5 күн бұрын
My friends keep telling me to "enjoy myself." No one understands me when I tell them that "not working" is enjoying myself!!!!! I do not want to EVER go b ack to work! I especially do not need to travel until broke!!!
@Dave--gp1qx 6 күн бұрын
Retirement is when your income stops and your expenses continue. 😮
@thehndyman5212 6 күн бұрын
I have a pension and retired at 45 with 25 years of service. I went back to work and earn a salary plus opened a 401k. I have been drawing my pension for almost 16 years. II am 61 now and plan to work another 9 years. I like my job and it pays me to travel. I have been divorced for 24 years. I can take a lady friend with me when I travel and just pay for her expenses. When I finally do retire I’ll have my pension, 401k, and hopefully social security. I also have rental property and commercial property as well. I had a plan and started working at 16 for the day I could quit and the only change to the plan over the last 45 years is when I wanted to quit. The older I get the less I want to stop.
@Dolphinfinancialgroupfl 6 күн бұрын
Many are working longer. It's not necessarily a bad thing: kzbin.info/www/bejne/e3fcfZeKnp2XldU
@kirkl8663 6 күн бұрын
I appreciate the show. I think my problem will be actually spending what we’ve saved. We’ve lived beneath our means for 30+ years and saved and invested. When I retire in the next few years, I will struggle with taking money out of our investments. Thank goodness we’re working with a fiduciary that will help us through the next phase of our life. Thanks again for the show.
@Dolphinfinancialgroupfl 6 күн бұрын
Spending when you've been a saver can be difficult. We did a show on this topic: kzbin.info/www/bejne/aGOpmISfmtVrbck
@user-nm5yv6ij8w 7 күн бұрын
Congratulations! You have managed to come up with the worst medicare video I have ever seen! And I have seen hundreds of them!
@leonardquirino2320 2 күн бұрын
Please elaborate. Was the video bad or the study?
@user-nm5yv6ij8w Күн бұрын
@@leonardquirino2320 The subject matter. You seem to be looking out for saving the government money instead of looking out for the individual who has to decide which form of medicare (ORIGINAL W/SUPPLEMENT VS. ADVANTAGE) is best for THEM. We certainly wouldn't want to commit moral hazard, would we? Shame on you.
@robp9746 7 күн бұрын
That’s because most of these guys are dumber than a box of rocks.
@mitzidonahue8844 7 күн бұрын
Is there an income limit if I file for survivors benefits at age 60? I'm still working but trying to decide on when to file. My husband never claimed SS, he passed at 68.
@Dolphinfinancialgroupfl 7 күн бұрын
Yes. There is an earnings limit- kzbin.info/www/bejne/iWLVqKere9xlrtEsi=26cxW_ifgDZ8f9ak
@mvp019 7 күн бұрын
...and their trophy wives cash out in a divorce.
@rnish2958 7 күн бұрын
NFL football players?
@floydestelle6242 7 күн бұрын
2nd half of Boomers are going to be hit hard. The first group of them started hitting 64-58 now.
@tombkk1322 8 күн бұрын
Great video, guys. Enjoyed the conversation.
@Dolphinfinancialgroupfl 8 күн бұрын
Glad you enjoyed it!
@sallyprzybil2404 8 күн бұрын
The retired sports players are overspending and trying for a lavish lifestyle.
@sallyprzybil2404 8 күн бұрын
And they don’t invest wisely
@Dolphinfinancialgroupfl 7 күн бұрын
Living above means will make retirement difficult for anyone.
@sallyprzybil2404 7 күн бұрын
@@Dolphinfinancialgroupfl yes, that’s true. But I have a slight advantage as I’ve lived on a budget below my means my whole life so I’m adept at doing that. And now that I’m on Social Security I make sure that both I and my grandson that I’m raising alone without any financial help, can make through every month on my Social Security.
@theb190experience9 8 күн бұрын
I assume some retirees don’t manage their money well, however the biggest difference between athletes and retirees is years and years of budgeting experience. Plus, the data on retirees finances look more like 85% responsible adults and less like impulsive youngsters
@Dolphinfinancialgroupfl 7 күн бұрын
True, but that lump sum 401k can be tricky.
@larriveeman 8 күн бұрын
Being debt free is the key to a great retirement, in my case I also have a great pension with great health insurance with the same premiums as when I was workin
@tonyl6385 8 күн бұрын
Stupud video. Enough said
@blackgrandpa7652 8 күн бұрын
I'm in Canada but your content is relevant to us Canadians and it's invaluable information thanks for doing what you do
@blackgrandpa7652 8 күн бұрын
Ss will be taking a cut in 2035 of about 25% or more because not enough people are working to fund it and that's the year I retire good thing is I'm in Canada and our pension fund isn't run by the government they have no access to it 😂
@joycepetty2264 8 күн бұрын
What if your deceased husband received SSDI....... what is there a widow's limit in that case?
@Dolphinfinancialgroupfl 7 күн бұрын
Those claiming for disability are getting their full PIA anyway, so the cap doesn't apply even though they claimed before their full retirement age.
@Sylvan_dB 9 күн бұрын
The biggest difference with traditional retirees, is they soon get social security coming in. This acts like a paycheck and if they blow all their savings they won't be bankrupt unless they also incurred a lot of debt that social security cannot service. They are forced to restrict their lifestyle to match their social security income.
@Dolphinfinancialgroupfl 7 күн бұрын
Having a pension or guaranteed income makes retirement easier to manage for sure.
@52CA 9 күн бұрын
I think there are more people retired on a pension than is being reported. And the value of nearly all those pensions is a million in that you would need at least a million saved for yourself to equal the money pensioners get every month. Possibly more considering those pension checks are totally isolated from market volatility .
@Dolphinfinancialgroupfl 9 күн бұрын
The true value of pensions are highly undervalued.
@romanhollow2985 9 күн бұрын
78%???? Hmmmmm.
@52CA 9 күн бұрын
Once your receiving that monthly check from pension or SS. You know the one you can’t get fired from and shows up in your bank every month regardless of how the stock market is doing, how can you go broke. Doesn’t seem possible. My plan is once I’m on SS to burn every dime of it every month. What’s the worst that can happen. Oh! They send me another check hahaha
@davemojarra2666 8 күн бұрын
End of life care is uber expensive.
@paullampert6990 9 күн бұрын
Where are all these seniors without a penny?
@sallyprzybil2404 8 күн бұрын
Homeless. Seniors are the fastest growing group among the homeless.
@paullampert6990 8 күн бұрын
@@sallyprzybil2404 what did they do to cause themselves to be homeless? Anyone could end up homeless. Yes?
@floydestelle6242 7 күн бұрын
Using credit cards
@sallyprzybil2404 7 күн бұрын
@@paullampert6990 since the highest growing group among the homeless is the elderly, seniors, then the answer to your question is : grow older. Perhaps you’d like to see done here what they did to the homeless children in Rio in about the 1990s? They wanted to clean Rio up (from homelessness) so it would be more attractive to tourism. So they sent in the police and gunned down all the homeless children. My source? Was one of the TV news shows, I think it was 60 minutes, that was on TV at the time. Is that the America you are advocating for? Or perhaps you’d like to see us like Russia where there are millions of children thrown away and living in orphanages where they are given minimal education and thrown out at age 16 and half of them die on the streets within the first year out of the orphanage. And where, even if the child is only 5 years old or less, the government can declare them ‘unadoptable’ and the child is sent to a mental instutional ( which are worse than Russian prisons) to die scared, alone and uncared for. Is that the kind of America you want? My source for Russia, I’ve been there and seen it with my own eyes, had children come up to me in the hallway of the orphanage and secretly whisper to me, “please, please, please take me home”. Heart wrenching! But I guess that’s the kind of America that you want.
@bettyb1581 6 күн бұрын
Living pay check to pay check that's how@@paullampert6990
@Beadgcfb 9 күн бұрын
Living within your means. And that means ignoring the romantic consumerism aimed at retirees, the most flagrant being travel.
@MikeS-7 9 күн бұрын
The number one reason is divorce! The women's court system is rigged to transfer money from men to women. So, the states client, women, marry an NFL player. They have one or more children. Then, she executes cash and prizes plan, divorces home, and now he is expected to pay for the next 18 years like he was a pro football player -- for the children (really, her, as it is backdoor alimony). Then, to add insult to injury, the judge and OAG -they are a team- generate a monthly Title IV D reimbursement revenue stream on that players back at .666 cents per dollar per month. Using poor man numbers, if team women's court system requires a $1,000 monthly wealth transfer from the victim (men) to the predetermined winner (women) they generated a $666 monthly revenue stream for the state. The women's court system is a big revenue stream generator for the state.
@doran-f6w 9 күн бұрын
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
@BuddyDog9267 9 күн бұрын
Guess your saying we can trust yous guys. How much?
@BuddyDog9267 10 күн бұрын
Agree BUT. You leave out gains of 8 yrs on money left in and not removed since using SS money. So, 96mo x 1600 = 144k still in your acct not including its gains. 😮
@marthaschutz7464 11 күн бұрын
Is there a way to collect child support never paid child , 4 children from an 11 year marriage, my ex husband recently passed and never paid
@Lmt1wp 11 күн бұрын
Ex and I were married 12 yrs, he passed on 4 yrs ago, I never remarried and will be 60 this year but not wanting to claim yet. How do I find the monthly amount of mine and my late ex-spouses SSI benefit?
@Dolphinfinancialgroupfl 9 күн бұрын
You need to contact the SSA.
@Lmt1wp 4 күн бұрын
@@Dolphinfinancialgroupfl thank you, will do
@timothythompson4036 14 күн бұрын
This whole issue of longevity makes having life insurance much more important.
@jamess4351 14 күн бұрын
Not cool.. I worked at a grocery store-paid into ss for 5 years. Worked as a police officer-no ssi for 20 years but i will get a small pension wheni turn 50. Now i happily work at Walmart for 16 an hour and paying into ss. Im 45 years old. Here's my question.. i have 36 ss points. Do i work to get my 40 points or cut my losses cuz im going to receive maybe 50% of my ssi benefit?
@mspadorchard1 14 күн бұрын
One clue as to which is more expensive over that long run.. .Insurance companies in Washington State pay insurance brokers twice as much to sell an advantage plan as a medicare supplement plan. (Last time I checked it was 800 vs 400). IF there is a problem with your advantage plan not paying as it should.. .you cannot go the Medicare.gov to get the problem solved. Advantage plans are a private insurance plan and it has the same drawbacks as many other private insurance plans..including changing the plan every year so you cannot know in advance what you signed up for except for that first year. Speaking of "moral hazard", the brokers who sell so called "advantage plans" and Medigap plans get paid 800 to sell the advantage plan, and 400 to sell the Medigap plan. So how is this not a moral hazard? The insurance companies can change their plans annually, but the insured person cannot simply go to a medigap plan once they are on an "advantage" plan. How is this not a moral hazard.
@Dolphinfinancialgroupfl 4 күн бұрын
Advantage plans pay more commission to brokers than Supplements in many markets. Good point.
@surrelljr 14 күн бұрын
I’ve always figured the $255 is a small payoff for letting them know that they can quit paying. It’s not to help anyone, just signaling that they can save money by stopping payments.😅
@Dolphinfinancialgroupfl 14 күн бұрын
Interesting idea. The $255 was enough back in the 1940s, but it wasn't pegged to inflation. kzbin.info/www/bejne/harThmmwg5ernKMsi=wdH7LlmGRsklSA-i
@surrelljr 14 күн бұрын
@@Dolphinfinancialgroupfl that’s what I was told anyway, somebody gets paid for signaling that you died. One of the funeral homes here was doing that and “ forgetting” to tell the customers, they would give it to them if they called them on it otherwise they would keep it.
@gman6789. 15 күн бұрын
Can you do advantage first when you sign up then switch medi gap after 4 years of retirement.
@Dolphinfinancialgroupfl 15 күн бұрын
Yes, but you may have to go through underwriting depending on your state and insurance company rules.
@robindurham346 15 күн бұрын
I am confused about one part. If I was married over 10 years and I’m 60 if my exact passes, I Don’t receive full amount unless I’m 67?
@Dolphinfinancialgroupfl 14 күн бұрын
Correct. Taking SS at 60 results in a major reduction. Either Survivor or your own benefit.
@Basspa 16 күн бұрын
Just got laid off at 60 due to company reorg. Feel like I want to retire now. Thinking I will take out from 401k. Wondering when is best time to file for SS. Came across your channel and video where you spoke of a report you run. I’d be interested in said report. Thanks for the channel as it’s helping me to understand things.
@Dolphinfinancialgroupfl 15 күн бұрын
@@Basspa we would be happy to provide that report for you. Please contact us: www.dolphinfinancialgroup.com/social-security-maximization-florida.php
@dianawiggins3791 16 күн бұрын
The Medicare advantage plans primary goal is to save money. They do not only put up guard rails they straight out deny care. I work in a skilled nursing facility for rehabilitation and the advantage Plans allow a much shorter length of stay than Medicare with a supplement. For example, they may decide that a patient who had a stroke is ready to go home after two week rehabilitation before they’re even walking independently. As a healthcare provider, I believe the advantage plans are great for healthy people and people who cannot afford the secondary insurance. But otherwise in my industry traditional Medicare is always a better choice.
@paulasimmons9681 17 күн бұрын
What's an emergency in retirement? Roof, car replacement, septic and leach fields, special med costs.
@livinforlessinsingapore3601 19 күн бұрын
Is it $1.46m per person or per couple? I guess it must be per person. Also, I assume they don’t intend to leave any significant inheritance to loved ones. And this $1.46m is additional to social security. Say $2.5k a month. Yes I guess that can give a decent total of about $7.5k a month to spend. Assuming 4% returns. And 2% annual increase. Yes. Reasonable view of what’s needed.