Find a financial planner that understands Social Security (and isnt just trying to sell you

Find a financial planner that understands Social Security (and isnt just trying to sell you something) to help get a strategy to maximize your Social Security benefits

[@TheMedicareFamily]

Click on my picture, then use the link in my bio to get my FREE cheat sheet, workshop, calculators, and more!

[@barrysoutthere]

have life insurance enough to make up the loss for filing early

[@52CA]

Exactly what we are doing. I’m 61 and wife is 60. Won’t be taking SS till I’m 68 and she is 67. Make it out. Then spend spend spend baby. It will be just like hitting the lottery with 6k a month.

[@leviansama5200]

Idk it feels weird to me to hear this

[@dawndarling2277]

Really? Financial planning feels weird? I hope if you are married, you are most definitely having these conversations.

[@heyheyhey7988]

This is so close to satire..

[@TheMedicareFamily]

Sadly that’s true

[@sandraesposito6200]

What is the scenario, if the younger husband is on SSD, in his 40's?

[@dawndarling2277]

If it is truly SSI, that is the welfare version of SS. Welfare benefit does not go to surviving spouse.

[@TheMedicareFamily]

Same spousal rules still apply

[@sandraesposito6200]

​@@TheMedicareFamilyThank you.

[@TheMedicareFamily]

I'm happy to help!

[@kathleensullivanrye5868]

Hahaha. Good Luck!’

[@tmusa2002]

Also rare that the wife who wants to continue to work would need spousal SS.

[@Easy2Smile]

What are you talking about? Some of us have been working since we were 14 years old 62 is like ancient will be lucky to live to 65. We’ve been working our whole damn life.

[@catherinewhitman8333]

My ex retired at 63....im going to have to work until at least 65! How does that affect me???

[@TheMedicareFamily]

You’ll draw more in Social Security

[@peggycuomo1877]

Won't those last 5 years of NO income mess up what he'll receive at full retirement age?

[@TheMedicareFamily]

Not necessarily

[@tmusa2002]

I’ve watched videos of people doing the math and in the example, retiring five years early was a $60/month difference. There are calculators out there to run your own numbers. Some people are working years extra assuming the numbers will be significant.

[@dawndarling2277]

@@tmusa2002 5 years earlier for me is just under $1000 a month more and I never made 6 figures. From 67 to 70 is another $1000.

[@frankward8003]

​@tmusa2002 I dont know where your getting your math from..but I am 65..the difference between drawing at 65 compared to my FRA of 66 and 10 months is 400 dollars a month....those are the numbers that SS is telling me.

[@tmusa2002]

@@frankward8003 I don’t believe she’s talking about what you are. I’m referring to if you retire at, for example, 55 (or 62 in this video example) and how that impacts your social security check once you file to receive it. So, in this case, how much will going with no/much less income for some years impact your SS check. There are calculators out there to help you determine the impact.

[@pdWh-lf4wf]

You better double check on that plan because when a worker gets prior to turning 65, they will be contacted by the SS admin about turning 65 and medicare. If a retiree or worker turns down Medicare they automatically loose their Social Security Benefits. Double Check on that.

[@IMCODERED]

So the answer is try and deprive him of the benefits he has worked so hard for, keeping him from enjoying anything, so you can have it all to yourself when he dies? That's next level gold digger right there.

[@dawndarling2277]

Nope. Just have the conversation!!!!! These are the type of conversations married couples have. Maybe it's a life insurance policy. Maybe it's pensions--just have the conversation!

[@IMCODERED]

​@@dawndarling2277 Nope. Just gold digger. We are only talking about retirement here not everything else. Life insurance never benefits the person that is covered. Those are completely different things.

[@dawndarling2277]

@@IMCODERED That's not what I meant by life insurance! Just part of the conversation when you get this age. Gold digger if you are married for 50-60 years? That's hilarious!

[@IMCODERED]

@@dawndarling2277 What? You think 50yo can't be a gold digger?

[@dawndarling2277]

@@IMCODERED I said 50-60 years of MARRIAGE! You can't collect SS at 50. 😁

[@KiwiRN444]

If he stops working at 62 I didn’t think his SS would continue to grow. If it’s the last 35 years how does it grow if he stops working.

[@TheMedicareFamily]

If a year he works in a higher than one of his highest 35 they replace it

[@tmusa2002]

There are calculators to compute how this affects SS. It’s not always significant enough to matter.