Social Security benefits set to rise: What retirees need to know

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Күн бұрын

Пікірлер: 88

@BaffySchenck 2 ай бұрын

I’m on Social Security and Medicare. The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut. I literally made best decisions when i started working with an advisor

@MagdaleneM-f3q 2 ай бұрын

Totally agree. A good financial adviser is a game-changer. My portfolio is balanced for all market conditions, and it has returned 120% since early last year. My adviser and I are now working toward hitting a seven-figure goal, which could take another year.

@florianmadison 2 ай бұрын

That sounds interesting! Could you share the details of your adviser? I'm urgently in need of one.

@MagdaleneM-f3q 2 ай бұрын

Over the years, I’ve worked with a few, but I’ve stuck with “Julianne Iwersen Niemann” for the last five years. Her performance has been consistently impressive. She’s well-regarded in her field-look her up.

@MagdaleneM-f3q 2 ай бұрын

My CFA Julianne Iwersen Niemann, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@florianmadison 2 ай бұрын

I just looked her up, and her credentials are impressive! I've already reached out and scheduled a call for some guidance. Thank you!

@leondonald 3 ай бұрын

Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I just here for ideas.

@SladeCirrincione 3 ай бұрын

At a point like this, when the pressure is already on you to retire, it’s best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

@DallisonScramosin 3 ай бұрын

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@Martina-Alan 3 ай бұрын

I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

@DallisonScramosin 3 ай бұрын

She goes by Vivian Jean Wilhelm a renowned figure in the financial industry with over two decades of experience. I'd suggest you research her further on the internet.

@Martina-Alan 3 ай бұрын

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

@tatianastarcic 3 ай бұрын

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.

@Vincent-j8u 3 ай бұрын

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

@nicolasbenson009 3 ай бұрын

Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.

@sharonwinson-m8g 3 ай бұрын

i’m in dire need of guidance so i cIan salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?

@nicolasbenson009 3 ай бұрын

Melissa Terri Swayne; is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@TinaJames222 3 ай бұрын

Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start the year on a woodnote financially..

@cobrabtc 3 ай бұрын

Ridiculous! Cost of living for most essentials are up over 20% but the gov raises the rates only 2.5%. Thanks for nothing!!!! Watch the gov also raise the cost of Medicare so this extra small amount will just go back to the gov for Medicare!!

@DrSchor 3 ай бұрын

The whole idea is to just cover the increase in Medicare, since that is covered, what do you have to complain about?

@bernadettesandoval3990 3 ай бұрын

@@DrSchorbecause groceries? Gas? Car repairs? Rent?

@glennmorgan937 3 ай бұрын

2.5% raises more like an insult than a radius

@DrSchor 3 ай бұрын

what does circle geometry have to do with this?

@EstebanTiekstra 3 ай бұрын

I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.

@Florencewalter-o4s 3 ай бұрын

Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.

@William-y1d-l5c 3 ай бұрын

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@duanec.sutherland5292 3 ай бұрын

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

@William-y1d-l5c 3 ай бұрын

I definitely share your sentiment about these firms. Finding financial advisors like Kathie Daisy Bosco who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@duanec.sutherland5292 3 ай бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@siferd18 3 ай бұрын

Yea because 2.5% is really keeping up with the inflation that has been running hot all year.

@Andres_853 3 ай бұрын

It’s definitely good news, especially with prices on everything rising. But I wonder how much of a difference it’ll really make. I feel like it’s more important than ever to figure out how to manage what we have and make the most of it.

@GillerHeston 3 ай бұрын

The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?

@rogerwheelers4322 3 ай бұрын

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

@joshbarney114 3 ай бұрын

I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

@FabioOdelega876 3 ай бұрын

This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?

@joshbarney114 3 ай бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@FabioOdelega876 3 ай бұрын

Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

@TomandAmyinthePI 3 ай бұрын

It would be better if they averaged the inflation amount from the whole year or at least Jan thru Sept every year instead of just the 3rd quarter only of every year

@AKAAAK 3 ай бұрын

2.5% 🤣 Thanks US Government

@TomandAmyinthePI 3 ай бұрын

hopefully they can round up the increase to 3% at least from 2.5% ....it would be a nice gesture anyway

@JCS1964-i7w 3 ай бұрын

They did make a gesture A slap to the face gesture

@xiphoid2011 3 ай бұрын

It's really all about the terrible spending habits of the average American. As an asian immigrant, I'm horrified as how coworkers are spending their entire paycheck and then borrow some more. This complet lack of fiscal responsibility and savings unthinkable for us Asians. When we Asian Americans are saving more than 20%, finding out Americans overall (including us) only saves 3%, makes me not want to think how little non-asian Americans are actually saving.

@daisyle1203 3 ай бұрын

Teach your kids the art of being frugal mostly by example.

@jamesronaldo2855 3 ай бұрын

Tell tht to my Asian American gf she be saving 0% 😂

@daisyle1203 3 ай бұрын

@@jamesronaldo2855 This person will destroy you one day, time for a gf that has stability.

@whiterac77 3 ай бұрын

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to Aria Cookings, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

@whiterac77 3 ай бұрын

SHE IS ON TELE GRAM.

@whiterac77 3 ай бұрын

@Ariacookings

@lauraGo9 3 ай бұрын

The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

@Josealjornaavila 3 ай бұрын

Productivity is never accidental; it is always the result of careful planning, dedication, and consistency.

@22lsmall 3 ай бұрын

Trading with an expert is the best strategy for beginners and busy investor's who have little or no time to monitor their trades.

@craiglist4941 3 ай бұрын

2025 Medicare Part D premium goes up from $9.90/month to $44.90. So, 2.5% sucks IMHO.

@ToddSloanIAAN 3 ай бұрын

Housing eats it at this time of year when they're doing something called re-lease. It's a yearly evaluation and they're going to nip it in the bud before it's ever felt here... That's what I believe. Tell me if I'm wrong.

@glennmorgan937 3 ай бұрын

I'm on the social security system on the design we didn't have all these high cost additional bills either

@HowardPeace-jo1lq 3 ай бұрын

We are poor people that all we going to get we need more not less . 👍👍👍🥺🙏🙏🙏Let pray

@jtoth1234summer 3 ай бұрын

We have been hearing about how bad inflation has been this year. And this GIGANTIC increase will certainly help, bad joke

@francesskinner384 3 ай бұрын

We would greatly appreciated any help

@erinlagos2806 3 ай бұрын

Magic Calculator? Sure I believe you.

@steventerribile 3 ай бұрын

👎👎👎👎👎👎👎👎 2.5%

@Fat12219 3 ай бұрын

More money 💰💰💰 now , not next year Now ! 😮

@melanie7781 3 ай бұрын

People who completely depended on Social Security can barely get by if at all.

@punkagrrlzero 3 ай бұрын

😂😂😂 if you think getting an extra $30/ month is helpful in any way... 😂😂😂😂😂😂😂

@terry5452 2 ай бұрын

If they think prices went up 2.5% they are lying

@CarmelaSabbatinoLocalDomain 2 ай бұрын

25. Dollars

@StevenSmith-s6n 3 ай бұрын

Social securiy I have a problem with Duluth twin ports agencies contacting me about back pay I better get my full payment

@bradleyvanzile1111 2 ай бұрын

2.5% IS TERRIBLE. THANK YOU FOR NOTHING!!!

@xiphoid2011 3 ай бұрын

Housing should be a non issue at retirement. If someine have bought a house by then they made many bad decisions during their 40 year career. In fact, most people will be able to down grade to a smaller house and get a lot of money.

@glendacastillo6504 3 ай бұрын

Not everyone has a 40 years career. Don't forget the regular people working 2 jobs to make ends meet. Most of those jobs are part-time. Most companies dont offer full-time jobs.

@supreme5998 3 ай бұрын

@@xiphoid2011 housing is no longer affordable. The average home is now $450,000 and the average interest rate is 7%. It’s a $3,000 monthly expense, and then there’s insurance and other fees. It’s going to be a very different retirement for people in the next 40 years.