Sarasota Tim Refusing To Learn About Social Security Administration?

Рет қаралды 1,698

Күн бұрын

Пікірлер: 62

@darlingape 2 ай бұрын

I watched this all the way through; excellent production, clear and concise. Sarasota Tim has an agenda with his Social Security at 62 videos: he is trying to rationalize what in retrospect was a terrible decision for him, and he gets paid by KZbin for those videos. He is potentially doing a lot of harm to seniors who are considering retiring and who may be uninformed, or who may be taken in my his "aw shucks" country boy personality, or who may have made similar financial mistakes as Sarasota Tim. That may explain his popularity: many Americans are unable to save enough for their retirement and a character like Sarasota Tim makes them feel positive and validated for that. Many many creators have called him out and thank goodness his latest videos on Social Security have been severely marginalized and don't have the wide reach they once did.

@UTRMidwest 2 ай бұрын

Thank you!

@eric_in_florida 2 ай бұрын

You hit the nail on the head with "willful ignorance".

@timshull59 2 ай бұрын

ST is a high school dropout with numerous ex-wives and sketchy work history who saved 0 for retirement. Last person you wanna listen to

@davdd.8760 Ай бұрын

homeless, took fraudulent $58k EIDL and taking ex-wife's spousal SS

@NJGuy5981 2 ай бұрын

Well done, informative video. Unfortunately, it makes too much sense to be understood by Sarasota Tim. He lives his life one misadventure to the next. It's like watching a train wreck in slow motion.

@UTRMidwest 2 ай бұрын

@@NJGuy5981 The man is horribly misinformed or worse!

@brucesmith9144 2 ай бұрын

@@UTRMidwestI give the edge to the _worse_ option.

@2legit2Kwit Ай бұрын

Excellent EXCELLENT breakdown!!!! ❤❤❤❤❤

@pooner61 Ай бұрын

Great video! There is a FLAW in most of CharlaTim’s thinking and way of living !

@rickturnr 2 ай бұрын

sarasota tim is not a social security expert but acts like he is

@UTRMidwest 2 ай бұрын

And the naive could pay a huge price for taking his advice! Thanks for the reply!

@freeman4589 2 ай бұрын

Timmay claims to only have worked 2-3 hrs. a day, 2-3 days a week. Then boastfully claimed he was the top salesman for a Honda dealership.@@UTRMidwest He collects SS benefits from an ex spouse. He has no 401k or pension, which tells me his ex was the bread winner for his family. He allso did not pay child support or insurance for his kids. He is a deadbeat, utoob grifter.

@marileigh9913 2 ай бұрын

Great video

@UTRMidwest 2 ай бұрын

Thank you for watching! Nice to make your acquaintance!

@mikemcclellan2236 2 ай бұрын

Tim’s SS payout is based on his ex-wife’s work history; not his! He’d probably get $800 a month based on his!

@rickstephan6707 2 ай бұрын

I suspect you are correct (but would like it to be a verifiable fact, which I don't believe verification is even possible).

@commonsense6967 2 ай бұрын

@@rickstephan6707. ST said it himself in one of his videos! He is collecting survivor benefits on his deceased ex-wife.

@buyerbware25 2 ай бұрын

Some of us did the math. If Taker Baker told the truth about how many days and hours he worked, his SS checks cannot possibly be drawn from his own earnings (and yes, $800 per month from his w-2s with inflation adjustments ending when he turned 60 would be nearly impossible).

@heavencantwait1218 Ай бұрын

How is he pulling from her SS ? Is she deceased ? Im assuming Ms TAmmy can pull from her husbands SS who just died as his widow ? As I’m sure his amount is more than hers .

@mgallegos4708 Ай бұрын

@@heavencantwait1218if he was married for at least 10 years, he can draw on the ex wife SS if it’s higher than his own.

@kathyweber3730 2 ай бұрын

Too bad you can’t get Timmy to watch this.

@UTRMidwest 2 ай бұрын

Tammy baffles me! What is wrong with her being with him?

@TarHeels4Ever 2 ай бұрын

Oh Timmy will see this video. His ego’s to big not to watch something when his name is involved

@UTRMidwest 2 ай бұрын

@TarHeels4Ever The poor fella. Thx for your reply!

@2legit2Kwit Ай бұрын

Yep! If you make it to 62 the data shows you’ll make it into your 80’s.

@heymoe1179 2 ай бұрын

Question for you...Are you confident that investing your SS when taken @ 62 will beat the 6% automatic increases SS gives you each year for waiting while also considering the capital gains tax if/when you take money from that investment? I have decided to wait until 66/10 months for the full payment...but have considered taking it early also and invest the monthly payment, but worried about those issues I mentioned above. Good video...thanks.

@UTRMidwest 2 ай бұрын

That's such a great question. I'm a stats geek and have done so many Monte Carlos on this to take into account sequence of return risk. Personally, I'm highly confident if I just put it in an S&P Index / in addition to a few carefully chosen LEAPs, I can do quite a bit better. Also, I don't mention in the video but my plan includes using a HECM when market returns stink. Dr. Wade Pfau from Princeton convinced me what a great tool a HECM can be in retirement to avoid taxes. Thank you for watching the video and great to make your acquaintance. Cheers!

@brucesmith9144 2 ай бұрын

I always thought retirement meant retiring and not having to go to work. Save up during your working years so that you don’t need a side hustle in retirement. He never mentions that nor having multiple income streams in retirement. And one big thing ST glosses over is that when you retire with Social Security before your FRA, you are seriously limiting your earning ability if you would choose to go back to work. Consider his advice like some random stranger telling his story. Past performance is not an indicator of future success.

@UTRMidwest 2 ай бұрын

So very well said!!

@RicG. 2 ай бұрын

Tim claims the average male dies at the age of 73, which is a joke. I'm a 72 year old male and waited until full retirement age (66) to start drawing SS. I took the test you showed and it calculates my life expectancy as 91. I've taken other similar tests and they typically show late 80's. My Dad is still alive at the age of 99. My Mom lived until she was 90.

@UTRMidwest Ай бұрын

God bless and best of health to you and yours! Thank you for your thoughtful reply!

@genxx2724 Ай бұрын

Fantastic! I hope you live a healthy lifestyle and you will live many high-quality years. My mother‘s neighbor is a retired spinal neurosurgeon. He is in his late 80s. He has surgery to do every repair known to man. (His much-younger wife is not so keen on all these surgeries) Every time my mom sees him walking in the park recovering from something, says, “We have to have repair surgeries. We have many good years ahead of us!“

@commonsense6967 2 ай бұрын

Excellent analysis! Highly recommended for everyone to watch. Thank you for taking the time to do it.

@chacod.hastiin3775 2 ай бұрын

I have to admit, Sarasota Tim can hook someone into thinking his way of retirement is gold but common sense folk would not follow his path without looking at their own situation and as you said a calculated decision. Tim mocks the retirement community with words like prison job, you could die tomorrow, best life now, etc. But over time he sounds like a salesman. How ST lives on $1700/mo. is beyond me with his gas guzzler, insurance, gadgets and cowboy hats, ao he's relying on his "side hustle" KZbin. He was interesting at first but the content is boring now. Good point on life expectancy. I still want to retire at 62.5-63 based on no debt situations. Unlike ST, I have supplemental income saved up so hopefully it works out.

@UTRMidwest 2 ай бұрын

Thanks for the reply. Looks like we are the same plan!

@Drew-l3r 2 ай бұрын

Very helpful content,sounds logical to take at 62 if you’re investments can outperform your monthly social security checks. Giving investment accounts more time to grow. Thank you very much have a great day 😊

@UTRMidwest 2 ай бұрын

Thank you for your reply!

@SuperLovedave 2 ай бұрын

Great information, thank you so much.

@UTRMidwest 2 ай бұрын

Thank you for the reply. Cheers!

@gladysfenick993 Ай бұрын

Great video . Dave Ramsey gives excellent advice .

@UTRMidwest Ай бұрын

@@gladysfenick993 thank you

@heymoe1179 2 ай бұрын

Just watched this SS video for the second time. It is seriously excellent and rational SS information and should be viewed by everyone between age 62 and 70.

@UTRMidwest 2 ай бұрын

Thank you. I appreciate your kind words! It really is such a big decision everyone needs to understand the true situation!

@davidcajun 2 ай бұрын

I suspect there are others like myself who occasionally watch him to get a good laugh from his “investment” advice. I cannot imagine taking him seriously but I hope he’s having fun. Lol.

@UTRMidwest 2 ай бұрын

II won’t begrudge anyone trying to make a buck on KZbin but when the advice offered could cause real damage to someone in retirement…I’m not so forgiving. Thank you for the reply!