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@lorenzorocco82Күн бұрын
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments...
@heidvsjekdndjdfjcc2837Күн бұрын
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Wen. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.
@ClaudemirRotava23 сағат бұрын
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
@sky993523 сағат бұрын
I will recommend Ricky Wen Investing Services to you. He is good at what he does.
@KathrynStanley-g2x23 сағат бұрын
Did someone just mention Mr Wen!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is
@felipeneto420323 сағат бұрын
It's great to see you guys talking about Ricky Wen, This man changed the game for me. Good Man❤️
@jannichi6431Сағат бұрын
Congress, please raise the cap to $400,000 from $176,100 to extend solvency of Social Security and Medicare. Pay your fair share Richy Richs.
@davidfolts589321 сағат бұрын
The Maestro of Medicare and Social Security is at it again with another outstanding video. Thanks, Marvin!
@lizadivine378523 сағат бұрын
Inflation isn't lower. The cola is a insult
@eugenedavis679220 сағат бұрын
I started work at the age of 18 and retied at the age of 61 an listen to my body and feel the wear and tear walking up so many stairs and miles just ti deliever amil, wit hthat saind, I'm glad that I retired 10 moths ago and all of this effect is going in my SSI next year.
@eileenhipe97935 сағат бұрын
Incredible information. Thank you for breaking this down in a way it is understandable for those of us with near zero knowledge! You are a master professor! Thank you for dedicating your professional life to helping others who are so dependent on SS and Medicare especially since we are paying into the system regardless of whether we ever collect.
@g8way2k1Күн бұрын
I stopped the video at 5:59 to say this: I sure hope the calculation to determine the PIA is with a software program at the Social Security Office we visit. Plug in the numbers into the computer and Voila!!! Otherwise I would hate sitting through, and depending on the staff to self calculate my PIA with paper and pencil...LOL. Just tell me the amount and I'll be on my way.
@SurLaMer_4 сағат бұрын
Social Security giveth the cola and higher Medicare premium taketh it away LOL
@georgeabernathy664623 сағат бұрын
Wow! Such a ton of valuable information! You are the most high when it comes to healthcare and social security.😮
@tmanch1Күн бұрын
Fantastic video again!. You sparked my curiosity. I took SS at FRA at age 66 (yob in 1949) and continued to work till this month at 75. So I was still paying into SS during the 9+ yrs of working. Does my SS benefit go up? Do I need to do anything? Thanks.
@katec4096Күн бұрын
I know co workers who did that. It will go up slightly each year due to recalculating based on new income. You do not have to do anything. It is automatic.
@dgortnerКүн бұрын
@@katec4096 I believe Katec4096 is taking about the COLA increase which usually happens every year, but not guaranteed. Had @tmanch1 waited until age 70 to start SS the amount would have increased I believe approximately 24%. You would have seen this amount on the SS statement you can review online. If you invested the SS payments you may have done better than waiting until age 70. This is my understanding from watching a lot of @MedicareSchool's videos. Each persons situation is different.
@timm28455 сағат бұрын
@@katec4096it is automatic most times but SSI could miss it so you should check for it with a call to SSI they missed my work increase for two years until I called so it doesn't hurt to check
@josephremenar311721 сағат бұрын
Please do a video on the WEP/GPO repeal. Thank you.
@terrysims359Күн бұрын
I had to take my ss at 52 due to my disability of multiple sclerosis
@ThomasSimmons-j9l11 сағат бұрын
Nickels and dimes from the government.
@arbiforumnow4 сағат бұрын
Here's a fact you should cover: your COLA increase subtracts a percentage of SNAP EBT food assistance. So, for example: DSHS reduced my food assistance by $12 which subtracted half of my COLA down to $15-because of the COLA "increase"!. I'm barely surviving and must choose to discontinue another expense!
@JD-tn5tb5 сағат бұрын
those taxable amounts look to be the same year after year. will they ever raise the income amounts for 50 percent and 85 percent? It just doesn't make sense to raise for cost of living, raise for IRMAA but never raise the income amounts for taxes. Is there a logical reason why they haven't changed it since 1983 or whenever it has been?
@MH-8321 сағат бұрын
I didn't understand why income earned 35 years ago is just added together with recent income to find an average. There should be an adjustment for inflation figured in for income 35 years ago.
@AndyB71820 сағат бұрын
They avg out how much you paid into SS. It doesn't have to be 35 yrs to get top pay. Pay the max amount into SS for 20 yrs before retirement and you'll get 4k he talked about at 65 or 67
@JD-ir2sb16 сағат бұрын
It is inflation adjusted. You can google the index chart for those particular years.
@morganfbilbo46594 сағат бұрын
A possible future video. When a wife does not make the 40 qtrs, but has some income. Marries. Husband has retired with his benefits. While still married and both over 65, can she get any SSA and Spousal? Any more? And how is that calculated? Then, when he passes, what can she get or continue to get? Maybe give an example.
@jannichi6431Сағат бұрын
Problem, wewlthy don't show "income". Put in LLCs, Retirement accounts and Trusts, hidden from IRS, SS and Medicare and not taxed.
@tony-ce7qp22 сағат бұрын
my Humna went way up and took away all and more of my COLA....unreal!
@morganfbilbo46594 сағат бұрын
Humna? You mean Humana? Yes. Mine did too. COLA 2.5%, Health Ins 14.3% creating a loss. The increase in HI in dollars was greater than the increase in benefit dollars. And in my case, the HI is Govt coverage. Total idiocy!
@sassysmom6032 минут бұрын
And Humana raised the cost of medications way up. Forcing people to change Medicare Advantage plans.
@CeceliaAnderson-x1dКүн бұрын
what happens when you take it early then get a higher paying job.