Wow, filing for Social Security at 62? Bold move! But hey, I’ve got $125k just chillin' in my emergency fund, itching to start making me some money. Honestly, I'm torn between playing it safe or just diving in. Who knew deciding when to start would be the easy part, right? Time to make that cash work for me, not the other way around!
@FinnBraylon22 күн бұрын
Haha, I hear you! But don’t just dive in headfirst-trust me, I tried that. Before you start playing with your $125k, maybe consider getting some advice? I had a financial advisor who saved me from a few bad decisions. You’d be surprised how much a pro can help, especially when you’re just starting out!
@bartlyAD22 күн бұрын
You guys are making me rethink my strategy. I’ve been sitting on some savings too but I’m stuck on where to start. An investment advisor sounds like a good idea, but how do you even find a good one? I’m definitely in need of some guidance here.
@FinnBraylon22 күн бұрын
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘Rebecca Noblett Roberts’ for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
@bartlyAD22 күн бұрын
I just looked her up, and she seems like exactly what I need to finally get my finances on track. Thanks for the tip!
@BateserJoanneАй бұрын
I’ve been working and paying into Social Security for over 40 years, and there’s no way I’m waiting any longer to take it. I’m grabbing it early-might as well take the sure thing. At this point, I’m all about investing in myself and putting money into the market. Over the years, I’ve learned that building real wealth comes from making smart investments.
@lolitashaniel2342Ай бұрын
Yes, building wealth comes from making smart investments. Having a mentor is really important. It can be tough to find someone experienced, but it’s a wise decision if you're not familiar with the market.
@VictorBiggerstaffАй бұрын
I agree completely. I’m 60 years old, recently retired, with about $1.95 million in non-retirement investments. I have no debt, but not much in my retirement accounts compared to the rest of my portfolio from the past few years. Honestly, you can’t ignore financial advisors, just take the time to find a good one you can trust.
@crystalcassandra5597Ай бұрын
My husband and i just had a relative conversation this morning. This is exactly how we wish to get our finances coordinated ahead of retirement. Can I get access to your advisor?
@VictorBiggerstaffАй бұрын
Rebecca Noblett Roberts is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@grego6278Ай бұрын
I think I may have seen this name Rebecca Noblett Roberts in some reviews, but I'm not sure. We'll keep an eye on her. We appreciate you sparing us from hours of research. Do you know if she manages family funds too?
@Susanhartman.9 күн бұрын
Social Security is important for many seniors, but planning for retirement with smart investments is key. Diversifying investments helps grow wealth over time, and it's never too early to start. At 63 and 65, my husband and I are retired, living frugally, with over $3 million in net worth and monthly passive income supporting our early retirement.
@91ScottieP9 күн бұрын
Congrats on your early retirement! I’m looking for investment advice. Last year, I hesitated and missed the opportunity to invest, but this year, I’m determined to try something new and open to different ideas.
@mariaguerrero089 күн бұрын
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
@mikegarvey179 күн бұрын
@@mariaguerrero08How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@mariaguerrero089 күн бұрын
Her name is “Izella Annette Anderson” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
@ThomasChai059 күн бұрын
Thanks for the info . Found her website and it really impressive
@johnashby2154 ай бұрын
SS doesn't keep p with inflation.
@ralphchamp75334 ай бұрын
The COLA doesn't keep up with real inflation.
@raybassman75363 ай бұрын
Duh....and Congress don't care, they never go hungry.
@johnderfler51832 ай бұрын
The COLA,.in 2022 and 2023 were good, 2024, sucked 3.2, 2025 is going to be worse.
@PatriciaStevens-rv6knАй бұрын
COLA increases are supposed to keep up with our cost of living expenses. Food, housing, gas and utilities are skyrocketing. Cola will not keep up with those expenses!! We are getting ripped off every year. My groceries are $100 per month more than they were a year ago and I am eating the same food! The price if good has gone up! Plus, whenever they give us an increase, they turn around and increase the price of Part B insurance! If we get a $50 increase, we’ll bet $35! It’s a scam!
@paulhawkins50224 ай бұрын
The cola for SS is and has not given enough to keep up with the real cost of living.
@keithmoore63343 ай бұрын
It sure hasn’t, and with the rising cost of homeowners, auto insurance and groceries,it isn’t even close.
@kortyEdna825Ай бұрын
Am 58 retiring next year but the thought of retirement gives me weakness. 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 never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
@carssimplified2195Ай 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.
@brucemichelle5689.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 my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
@PatrickFitzgerald-cx6ioАй бұрын
This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?
@brucemichelle5689.Ай бұрын
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@PatrickFitzgerald-cx6ioАй бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@ssdd69523 ай бұрын
My cost of living went up a lot more then 2.6% not to mention that some of us have to file taxes and will end up paying even more back.
@cynthiacrapster68773 ай бұрын
Another rip off.
@georgefelder98072 ай бұрын
Someone will have to pay for the illegal immigrants
@454bard4 ай бұрын
COLA does not keep up with real inflation.
@suelakey6884 ай бұрын
I don’t really care what the logic is but it is getting harder me harder for SS recipients to survive on their benefits they get. Seems like those of us who have worked for well over 30 ,years and have paid into the system are getting shafted!
@Satjr350314 ай бұрын
Nobody is getting shafted You get your benefit depending on how many years you worked the amount of money you made and when you started to collect SS. This is how the system works.
@suelakey6883 ай бұрын
@@Satjr35031 I do know that.
@johnnyretires2 ай бұрын
SS is not supposed to be enough to retire on
@suelakey6882 ай бұрын
@@Satjr35031 well the system stinks and needs to be looked at. I have SS but it is hard to live on it!
@pdodwell1575Ай бұрын
Social Security was designed to replace about 40% of your retirement income not cover your entire retirement income needs.
@annelove36264 ай бұрын
Outstanding information,with world crisis,rising inflation and economic instability due to poor governance, consider digital assets as a means to attain financial freedom.
@Daveinvest-bl4dn4 ай бұрын
Building wealth involves good habits and risks like putting money into solid investments like digital currencies,having a good financial manager is what people tend to shy away from,and it keeps hunting them in the near future after many losses, be disciplined and get certified manager, I pray that anyone reading this will be successful!!!
@Janejones-hz6sj4 ай бұрын
Thank so much for the advice been seeking means of being successful in the digital market,do you recommend any professional ?
@Daveinvest-bl4dn4 ай бұрын
I don’t really do but luckily Anna Dorris Arthur is the best I can recommend so far..
@Janejones-hz6sj4 ай бұрын
Hey everyone! 👋 Just starting my investment journey in crypto and stocks. 🚀 how do I reach Anna Dorris Arthur? Let’s grow together.
@Daveinvest-bl4dn4 ай бұрын
+1838
@jackieoesterman66882 ай бұрын
It needs to be higher to help those of us who just can't survive on the small amount.
@Scottweeier8464 ай бұрын
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Patricia Annie Brooks
@Brucelanham8454 ай бұрын
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
@Nguyenvictory834 ай бұрын
You trade with Annie Brooks too? Wow that woman has been a blessing to me and my family.
@Rodriguezpaul-94 ай бұрын
The very first time we tried, we invested $1000 and after a week, we received $5900. That really helped us a lot to pay up our bills.
@DaveCulbertson4 ай бұрын
I'm new at this, please how can I reach her?
@carolynvo78024 ай бұрын
Her good reputation already speaks for her .I’m also one of the beneficiary of Annie Brooks. So happy I gave it a trial after being skeptic of the process.
@micheal_millsАй бұрын
I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.
@Martina-AlanАй бұрын
I only contribute 5% to get full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.
@DallisonScramosinАй бұрын
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.
@Pamela.GeorgeАй бұрын
If I may ask, as in withdrew all of the money from the 401K and IRA programs? If so, what was your strategy behind that decision? Thank you.
@DallisonScramosinАй бұрын
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@Pamela.GeorgeАй бұрын
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
@larryaugust82053 ай бұрын
2.6%cola increase,that’s gone with the 1st insurance bill increase
@janicehunter39762 ай бұрын
Between increases on groceries, all types of insurance, property taxes, fuel and utility bills the real inflation would be conservatively 25%. RCOL is a joke. Then social security gets taxed sometime as well. Wonderful system!!!
@georgefelder98072 ай бұрын
Someone will have to pay for the illegal immigrants
@roburb734 ай бұрын
I have two, but with SS will have 3 when I'm 62. I have a military pension and VA compensation that increase with inflation. That's the golden ticket to a worry free retirement.
@PorscheSpeedster-kz6nc4 ай бұрын
Enjoy it and live life!!!
@roncraft20424 ай бұрын
Me too❤️
@jaya.00692 ай бұрын
My SSi is 400 a month, I just bought a new tent and 2 pair of drawers. Gonna buy a pot and blanket next month. Hey big man, let me hold a dollah!
@CalvinMorris-cf8jkАй бұрын
nothing like getting straight to the point. mind boggling.
I don’t think 43.00is going to help a lot with the inflation the way it is ! Utilities, property taxes,gas ,food not saying anything breaking down in the household or car expenses.
@jaya.00692 ай бұрын
True!
@danswartwood4580Ай бұрын
Thank you for your APPRECIATION to your subscribers 😢😢😢
@carolwilliams66332 ай бұрын
Every raise we get goes to medicare premiums 😮😢cost. So that leaves us nothing.
@joanshealy1662Ай бұрын
So true when SS increases Medicare will increase too
@wharrison71314 ай бұрын
Well the statement that “SS does keep up with inflation” destroys his credibility.
@alinatalavera29024 ай бұрын
It means we are getting peanuts again
@brucesnyder6904 ай бұрын
Of course. Only the rich and corporations get real increases.
@LarryCoburn-iw6cl2 ай бұрын
For breakfast, lunch and dinner!
@brucesnyder6902 ай бұрын
@@LarryCoburn-iw6cl but the oligarchs get their multimillion tax breaks. And lardass trumpie wants to give them more.
@kellyleathers88064 ай бұрын
Question…will taxes be taken out of your monthly check from social security…
@suelakey6884 ай бұрын
No taxes but if you have Medicare that is taken out
@Satjr350314 ай бұрын
You can request taxes to be taken out especially if you will have other income coming in.
@johnnyretires2 ай бұрын
@@kellyleathers8806 up to 85% of your SS is taxable depending on your other income.
@peggykendell68053 ай бұрын
This does not keep up with the real inflation! FOOD IS UP 30 PERSENT, POWER IS UP 40.
@wolffzambelli2701Ай бұрын
Do yourself a favor and research which congressman first proposed to tax SS...
@BillyBlaze73 ай бұрын
its real fkd up that the people who need it the least get the biggest increase ALWAYS, and the people getting less that need an increase the most get hardly nothing. They should not base increases on what the benefit amount is. They should make it to where everyone gets the same amount of increase.
@johnnyretires2 ай бұрын
One of the reasons I am delaying until age 70 is so I can get larger COLAs
@BillyBlaze72 ай бұрын
@@johnnyretires its a good plan if you can hang on that long
@rosssmith98702 ай бұрын
@@johnnyretires Me too. Cola is worth probably double more at the 70 rate.
@andrewroth91754 ай бұрын
I’m 61 this year. In donut hole year, will not COLA adjustment and no AWI adjustment. At least I’m not missing out on big COLA.
@Satjr350314 ай бұрын
You forgot to mention the higher bend points you will receive at 62 that will increase your SS
@cynthiacrapster68773 ай бұрын
Let me guess. It will be enough to pay increase in medicare premiums which goes up every year and if you are real lucky you will clear $15 to $20.
@cabsouth4 ай бұрын
Excellent !
@shoichitaka1423 ай бұрын
COLA pulse 200 Dollar per month best for Seniors
@jaya.00692 ай бұрын
Wishful thinking!
@Boaz62622 ай бұрын
Does this increase apply to ppl that file at 62 cuz according to my SSA statement it stead the same for the last few years btw i have not filed yet.
@Erginartesia2 ай бұрын
I have 3 sources of income and all 3 ‘slay the income dragons’. I guess I’m a lucky ducky. And even with that, I still worry.
@carolduffy2502 ай бұрын
50. Increase means about 10 or 15 dollars because then they will raise our deductibles.
@LarryCoburn-iw6cl2 ай бұрын
😂 another 50 dollars in a thousand dollar world. Big deal
@martinmaranan931Ай бұрын
Small stuff increase adds up in the income.
@WillieLigo29 күн бұрын
People needs to know that the price will change as the years pass by , I can’t expect to be paying the same as 10 years ago , that’s is been a fool , I remember when I was using 100 a week and buying the same stuff that I’m buying today for 300 more
@gregshea87734 ай бұрын
I disagree with t. Increase, it wasn't enough. Social security play with the numbers to actually say what they wanted to say I'd like to pay a $174 part B No I don't have no money. I know she put away so my car financial to get my car fixed
@jaya.00692 ай бұрын
Yeah, whatever you mean!
@winnepeterson6570Ай бұрын
Jail for CF Chump 2024!
@isrberlinerin4063Ай бұрын
Everytime there is an increase my Rent goes up and everything else too !
@martinfromseacity20103 ай бұрын
Thanks
@mariarod69982 ай бұрын
Illegals get better pay than us who worked what a joke
@georgefelder98072 ай бұрын
Some will have to pay for the illegal immigrants.
@SuzanneMoore-hg6onАй бұрын
Gotta be thousands my hubby said fairdinkum wtf are the piticians thinking mate hey Rich and Suzie
@SuzanneMoore-hg6onАй бұрын
Politicians that was meant to be
@JacksonThomas-x1eАй бұрын
Yep Yep Yep we all going to be really big time high rollers with are extra 20 bucks 😅
@sH-gh8ww2 ай бұрын
SSI is going to increase tenfold. Did you hear it’s in the Sara Social Security is going to rise significantly for us and there will be no taxes on it. That’s what you have to say OK that’s what you have to say it’s all over the Internet. It’s in the Sara don’t tell us the increaseall supposed to get up to $5000 a month come on man get a hold of yourself
@katherinewagner9872 ай бұрын
50 dollar's doesn't help with nothing cola social security needs to be raised by at least 400
@angelaShoemaker-y5l2 ай бұрын
I don’t know anyone making the so called “Average “everyone I know make much less!
@raypowell20762 күн бұрын
Every year we get a cola,blue cross raises their premium and takes most of it away
@katherinewagner9872 ай бұрын
Can't live off $1,000 a month that's what they get for social security SSI
@bradleyvanzile11112 ай бұрын
Cola calculations are so outdated!
@MichaelKervin-d8c3 ай бұрын
Feel free to call me nieve but if SS is about to go bankrupt in what? 2034, would it make any sense to take the last 3 decades, by decade and average annualize, then take those (3) averages , get the average. Figure out whether this average is then more workable for all and sustains SS or if not, then what other modifications like age and contribution would create sustainability. Just thinking out my backside - SORRY
@JaySwackhammerАй бұрын
Figures don’t lie, but liars can figure 😡🤬
@suelakey6882 ай бұрын
The Social Security Department is nothing but a joke mother people receiving these benefits can’t live on this.
@spdog33444 ай бұрын
I bet I won’t even get the full benefit when I retire as I’m 32. I don’t even count it in my projections.
@Satjr350314 ай бұрын
You have 30 years to start contributing to a IRA or 401K plan
@spdog33444 ай бұрын
@@Satjr35031 I am, I contribute a lot since my early 20s. I’ll be set whether I get SS or not.
@stevemiller15173 ай бұрын
Silver, gold?
@spdog33443 ай бұрын
@@Satjr35031 I’ve been contributing since I was 22. I will be set regardless of whether I get SS or not
@marc6392 ай бұрын
70 percent inflation in last 1p years and 24 % incress in ssa in 🎉 10 years😊
@tinad3822 ай бұрын
Not to mention rent
@liammclaughlin28813 ай бұрын
About 3%. You don't need to be that smart to figure that out.
@bradleyvanzile11112 ай бұрын
There is a lot of talk and no action. Lotta guessing people get excited about nothing.
@DemocraticMike3 ай бұрын
Estimated 2.6%. FF to 5:40.
@karen466002 ай бұрын
The 43 dollars is a joke food and gas will eat up that Money
@paulmimms9400Ай бұрын
What happan when the pres sleeper Joe said that we wound get a Etra 200 dollars a month a lie
@LonnHoffman-kw8wz2 ай бұрын
Hey I have a 1929 Rolls Royce in mint condition, that has never been driven I will sell you for $10.00
@joegreatmusicfirstweir96464 ай бұрын
Ant that America little pink houses for you and me
@jaya.00692 ай бұрын
Little camo colored tent for me!
@raybassman75363 ай бұрын
It's not the end of the 3rd quarter yet for a real figure, so this video is a waste of time.
@CharlesGillespie-h9n4 ай бұрын
A bunch of crap! This guy must read motley fool Motley fool's never ever been correct on their social security estimates This guy just caught these other people's information and most of it's wrong
@LonnHoffman-kw8wz2 ай бұрын
Yeah, right! Just wait until the government taxes the hell out of it! Tell the whole story knothead!
@Luckyduck102 ай бұрын
This is easy. Nothing.
@sH-gh8ww2 ай бұрын
You are way behind the Times stop the nonsense of increase. If you don’t know, then don’t say anything stupid
@guzzi952 ай бұрын
Trump 2024! Make no mistake again. And Vote in person too!
@wyattfam41072 ай бұрын
Why? He's all over TV telling people he doesn't need any votes, not to worry about voting.
@peacefulpeds5623Ай бұрын
No to Trump
@davids2427Ай бұрын
Just 50 bucks mannnnnn thats weak sauce 😂
@lipete10002 ай бұрын
Keeps up with inflation my ass. That statement is full of BS
@lipete10002 ай бұрын
What alineif BS
@ricktennock70493 ай бұрын
get to the point !
@marc6392 ай бұрын
It's a joke
@dennismarella4858Ай бұрын
Come on bla bla
@lenrey43762 ай бұрын
I’m a senior and need Social Security. Please seniors, vote to save it. Vote for Kamala.
@LarryCoburn-iw6cl2 ай бұрын
😂😂kameltoe
@smujer12 ай бұрын
Damn, are you insane?
@KathyIngram-iz5kl4 ай бұрын
We know in October
@sH-gh8ww2 ай бұрын
You are way behind the Times stop the nonsense of increase. If you don’t know, then don’t say anything stupid