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.
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.
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.
“ Melissa Terri Swayne is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
The utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $2.86 million when I retired.
I don't regret the numerous financial mistakes I've made in the past since I've learnt from them. But the biggest one was planning my finances without consulting with a licensed financial counsel.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Carol Vivian Constable 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.
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..
@@richardhales92 I have friends,acquaintances and former coworkers who plan to wait until they can get full benefits. One passed💔3 years ago and another just passed💔about a month ago.
@@dyoung2739 You hit on a point, 'budget' I'm in an apartment. There are humans who will take to their death that people in apartments are 'very below' those who own houses. There are people who would not take SNAP, food stamps, because apparently they want to let God know they would never....in their wildest dreams; even though the rich figure out how to get billions, billions in tax breaks." Yet rich get richer, why not take a free air conditioner or reduced electric bill or a food stamp card (c'mon it's like a credit card these days) or $100 public assistance. It seems they want to die saying, "I helped the rich get richer in the United States. I am an a American hero"
Brother died 45 Father 61 worked all thier life neither saw a SS Check BS take SS ASAB( 62)just turned 62(7/30/1962) just signed up hope I live a few more years 🙏
All of this is great information! Before I turned 62, I watched a lot of videos on UA-cam about the best time to retire. Essentially, it said if you need the money, go ahead and get your Social Security. That's what my wife and I did and it really helped us out a lot!
@@debbieframpton3857 Yes! I earned more when I was working so even though she does not get as much SS money as I do, she will be able to claim mine If I pass away before she does.
@@debbieframpton3857 Hi Debbie, I will be OK because I worked over 29 years and got a retirement in addition to Social Security. However, she does not also have a retirement like I do. Regardless, Social Security payments alone will not help that much, given the cost of living today!
Take your money early why wait, invest it and it will get a good return if you don't need it. I am 59 will be 60 soon taking mine at 62 (I don't need it but tomorrow is not promised). Give me my money!!!!!
Take a 30% cut 😂😂 .. nah that’s a special kind of stupid lol. I got a Roth & 401 k & a pension . Ima use the money I have on those accounts take social last 😂 . I’ll take that max lol.
@@MR.MichaelMayo Being 59 in the medicare sales market for 25 years, The most important thing is being health and financial savvy I am in great shape starting a new carreer as a PT personal trainer and spinning instructor but not knowing the future but planning on the best...
She just said it, if you apply for social security benefits early, your benefits can be reduced as much as 30%! Ouch, that’s a significant percentage for a wise investor, unless you think of yourself as the next Oracle of Omaha!
That's how the government tricks you. Dingle a 8% annual increase in front of you and a 33% decease if taken at 62. I rather take at 62 and ride into the sunset.
Taking mine next year at 62. I'm out and leaving nothing on the table. Too many people these days not living to 62, not to mention how many don't even live to full retirement age at 66 or 67. Fom what I understand, if you live well past 62 there is a break even point o the full retirement age payout.
Social security is supposed to be supplemental. "Count on that for your basic necessities."!! My basic necessities are more than $1500 month. Housing, food, utilities....
People getting multi-million dollar contracts (Craig) worried about their benefits? Give me a break. The segment wasn't a bad idea, just their reactions...
I’m one of the few people who are blessed to have a union pension. & a multiple Retirement accounts. I will use those accounts to max out my social security at 66 years old lol. I’ll roll the dice lol . If I loose oh well .
Tomorrow is not promised to any of us...take it as soon as you can..I know I will...my father work all his life and never got a chance to enjoy his retirement or collect ss..he was looking forward to it ..but was diagnosed with terminal cancer...everyone won't live to 70.. it's just the reality of life.
I’d rather get a check for the amount I paid in and invest with someone who knows how to manage it and help it grow. Not going to get that with the government
@@KTPurdy That isn’t true. If I got that money prior to the crash when S&P was at its peak of approx 1,500 it would be worth about three and a half times more today.
Another tip to raise monthly benefits is go back to work for year or more (if you have the type benefits without limits on how much you can make). You'll start paying back into social security and you'll be eligible for it sooner rather than wait till retirement age because the good news, you're already there!
Pray you don’t have a mistake. I entered my start date wrong on Medicare which is ran by social security. I had to appeal this to change the date which is maybe 2 month difference. This was jan2024 and I am still waiting for a decision. Meanwhile they billed me thousands of dollars and at the same time I can’t use medical insurance as they made it in active. I was told not to pay anything until a decision is made. I can’t believe I have not used Medicare and I am already having this major headache all b/c date was wrong. They do NOT answer phones, NO email and NO chat online can help. Going in person is even worse. TERRIBLE to deal with and NO help while I have to pay out of pocket for doctors. What a nightmare Medicare is!!!
One of the female hosts seem especially excited about the ability to draw SS based on an ex-spouse's record (if it is a much higher-earning ex-spouse). However, the part the expert did not have time to explain is that the potential benefit is limited to 1/2 (50%) of what the ex-spouse draws. Unless a person was mostly a "stay-at-home" mom or dad for most of their lives drawing off their own SS earnings record is usually higher due to the 1/2 (50%) ceiling.
After losing my job and turning 41 lately, I'm at a turning point in my life. What options do I have for making big investments now that I have $425k saved for an early retirement at age 50, $10k in an HSA, and a property that might provide an extra $200K?
Not going back to work. I'm unsure whether to consolidate all my investment accounts into one. If I do, how should I handle it and what should I be aware of? I also plan to sell my property, which could bring in an extra 200K over time. Should I combine everything into one account or spread it out across different investments?
These are key questions for a financial planner. I connected with mine at a summit, and with her help, my wife and I reallocated our 1.7M portfolio between a traditional IRA and brokerage account. She’s been managing the investment with our approval and has helped us recover twice our losses. Currently hodl’ing steady and cautiously navigating the market
This is false information. It is the same amount of money you just get less per year if you opt for age 62 but it will be the same long term. You may get less if you opt to wait and then don't live long enough. 62-67 is five years. If the benefits were 20K a year that is 100K dollars. If your monthly payment isn't enough to make your budget work then wait but otherwise you may need to live a LONG time to equal that lost five years.
Divorce immigration and healthcare gimick from social security retirement, corporations need to pay for immigration, healthcare is not supposed to be social security sponsored Corp welfare
Why she shy away from admitting they double tax you! Pay tax on the way in and then pay tax when they give your money back to you! Oh, she wit the gov’t, I see.
@@SandfordSmythe your life is finite, so to therefore is your labor. Who does your life belong to? You or another man? Your hands, your mind, your work and creativity? How should you be taxed? Once? Twice? Several different times all along the manufacturing or servicing process? Should you be taxed upfront, honestly and transparently? Or shady, corruptly and for the purpose of giving it to someone else?
@davidcloyd1296 Put your smoke down and answer the question. Is the 50% portion that is contributed by your employer double taxed? I am curious about your opinion since no one seems to address this point. Remember, only 50% of your check is taxable.
Daaaaa you foul out of it is anyone wrote his age on a stone retirement should be at 55 years old no 67/70 you re dad ealready at that age ya you lose your age working and slave for them while you still in shape
@debbieframpton3857 WHAT WAS THE BIG ATTRACTION?? MEGAN DE STALE ONION TWERKING OR THESE LAST 4 GLORIOUS YEARS???? WORLD AT WAR? $100 BILLION OF OUR TAX $$$ GOING TO PAY OFF UKRAINE PENSIONS DISGUISED AS WARTIME FUNDS?? FUNDING HAMAS BY WAY OF IRANIAN CASH INFUSIONS?? I CANT DECIDE ITS ALL SO AWESOME. GOOD LUCK.
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.
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.
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.
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?
“ Melissa Terri Swayne is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start the year on a woodnote financially..
The utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $2.86 million when I retired.
I don't regret the numerous financial mistakes I've made in the past since I've learnt from them. But the biggest one was planning my finances without consulting with a licensed financial counsel.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Carol Vivian Constable 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.
Investments are the roots of financial security; the deeper they grow, the stronger your future will be.
The deeper your investment roots, the stronger your financial security will be in the future.
With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
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..
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
I’ve been retired since age 55 & blessed to have a “lifetime pension “. I’m taking social security at 62 because tomorrow’s not promised.
oh, it's just nuts that people would rather work and get more money instead of be free at earlier age with less cash. Lots of nonsense
You'll never regret it, LOL
@@richardhales92 I’ve never understood it. And your health might decline🤷🏽♀️? Why not take less money,budget if you have to and enjoy life🤷🏽♀️?
@@richardhales92 I have friends,acquaintances and former coworkers who plan to wait until they can get full benefits. One passed💔3 years ago and another just passed💔about a month ago.
@@dyoung2739 You hit on a point, 'budget' I'm in an apartment. There are humans who will take to their death that people in apartments are 'very below' those who own houses. There are people who would not take SNAP, food stamps, because apparently they want to let God know they would never....in their wildest dreams; even though the rich figure out how to get billions, billions in tax breaks." Yet rich get richer, why not take a free air conditioner or reduced electric bill or a food stamp card (c'mon it's like a credit card these days) or $100 public assistance. It seems they want to die saying, "I helped the rich get richer in the United States. I am an a American hero"
Brother died 45 Father 61 worked all thier life neither saw a SS Check BS take SS ASAB( 62)just turned 62(7/30/1962) just signed up hope I live a few more years 🙏
Absolutely 💯 alive….take it!!
I heard Social Security is good until 2035😮
Taking mine in two months at 62. Thanks, Sarasota Tim
All of this is great information! Before I turned 62, I watched a lot of videos on UA-cam about the best time to retire. Essentially, it said if you need the money, go ahead and get your Social Security. That's what my wife and I did and it really helped us out a lot!
UA-cam has been a good resource for information. There are a few questions I need answered so I’ll go to the local office.
@@dennistyler9852 That is the ultimate resource! I wish you the best!!
Will you or your wife still be okay by taking social security early when one of you passes?
@@debbieframpton3857 Yes! I earned more when I was working so even though she does not get as much SS money as I do, she will be able to claim mine If I pass away before she does.
@@debbieframpton3857 Hi Debbie, I will be OK because I worked over 29 years and got a retirement in addition to Social Security. However, she does not also have a retirement like I do. Regardless, Social Security payments alone will not help that much, given the cost of living today!
SS should not be taxed. We earned it. Stop taxing us again.
Take your money early why wait, invest it and it will get a good return if you don't need it. I am 59 will be 60 soon taking mine at 62 (I don't need it but tomorrow is not promised). Give me my money!!!!!
I agree, enjoy the present
@@elziemcmillion You got that right
Take a 30% cut 😂😂 .. nah that’s a special kind of stupid lol. I got a Roth & 401 k & a pension . Ima use the money I have on those accounts take social last 😂 . I’ll take that max lol.
@@MR.MichaelMayo Being 59 in the medicare sales market for 25 years, The most important thing is being health and financial savvy I am in great shape starting a new carreer as a PT personal trainer and spinning instructor but not knowing the future but planning on the best...
She just said it, if you apply for social security benefits early, your benefits can be reduced as much as 30%! Ouch, that’s a significant percentage for a wise investor, unless you think of yourself as the next Oracle of Omaha!
Take it at 62. The government is wanting to keep your money get it it’s yours. You earned it
My best friend was waiting to age 70. He would turn 70 in September.2024. He passed away suddenly on July 16 2024 at the age of 69.
Yikes😢
sorry.. but that's what the government wants... so why wait.. enjoy the present
I agree! My wife and I got our SS when we were 62 because anyone can die in a car wreck tomorrow and nothing in life is guaranteed!
That's how the government tricks you. Dingle a 8% annual increase in front of you and a 33% decease if taken at 62. I rather take at 62 and ride into the sunset.
Excellent segment of Social Security benefits. Great to hear about this retirement savings tutorial.
Taking mine next year at 62. I'm out and leaving nothing on the table. Too many people these days not living to 62, not to mention how many don't even live to full retirement age at 66 or 67. Fom what I understand, if you live well past 62 there is a break even point o the full retirement age payout.
Social security is supposed to be supplemental. "Count on that for your basic necessities."!! My basic necessities are more than $1500 month. Housing, food, utilities....
Making people wait to take their own money is insane. And then charge them ☠️
"Social Security is guaranteed for life". I'm going hold you to that.
People getting multi-million dollar contracts (Craig) worried about their benefits? Give me a break. The segment wasn't a bad idea, just their reactions...
I'm taking mines at 62 and investing it.
I’m one of the few people who are blessed to have a union pension. & a multiple Retirement accounts.
I will use those accounts to max out my social security at 66 years old lol. I’ll roll the dice lol . If I loose oh well .
I don’t want to restrict my earnings ability I wait as long as I can. 63 - 67
An extra 8% a year up to 70, is a huge boost!
But the average life expectancy in America is 75 😂 .75-62>75-70.
Wrong
Yes, if you're still alive.
Tomorrow is not promised to any of us...take it as soon as you can..I know I will...my father work all his life and never got a chance to enjoy his retirement or collect ss..he was looking forward to it ..but was diagnosed with terminal cancer...everyone won't live to 70.. it's just the reality of life.
Let's get together as a country and save SS
Vote for Democrats in 2024 if you want social security.😊
I’d rather get a check for the amount I paid in and invest with someone who knows how to manage it and help it grow. Not going to get that with the government
@@jimmythegent504 yep, that was the attitude that Bush had until the 2008 crash. You'd have nothing and there would be no safety net.
@@KTPurdy That isn’t true. If I got that money prior to the crash when S&P was at its peak of approx 1,500 it would be worth about three and a half times more today.
@@jimmythegent504 So a system built for the few. Think bigger, think better, think beyond yourself.
Good information!
I found it funny to their reactions about the divorce part
They were so excited, smh…
Another tip to raise monthly benefits is go back to work for year or more (if you have the type benefits without limits on how much you can make). You'll start paying back into social security and you'll be eligible for it sooner rather than wait till retirement age because the good news, you're already there!
as a victim of ID theft, I vehemently disagree with online ANYTHING to do with money, credit, banking, social security or private info.
The notion of full retirement age means zero. The benefit starts at age 62 and it continues to go up to 70.
Pray you don’t have a mistake. I entered my start date wrong on Medicare which is ran by social security. I had to appeal this to change the date which is maybe 2 month difference. This was jan2024 and I am still waiting for a decision. Meanwhile they billed me thousands of dollars and at the same time I can’t use medical insurance as they made it in active. I was told not to pay anything until a decision is made. I can’t believe I have not used Medicare and I am already having this major headache all b/c date was wrong. They do NOT answer phones, NO email and NO chat online can help. Going in person is even worse. TERRIBLE to deal with and NO help while I have to pay out of pocket for doctors. What a nightmare Medicare is!!!
One of the female hosts seem especially excited about the ability to draw SS based on an ex-spouse's record (if it is a much higher-earning ex-spouse). However, the part the expert did not have time to explain is that the potential benefit is limited to 1/2 (50%) of what the ex-spouse draws. Unless a person was mostly a "stay-at-home" mom or dad for most of their lives drawing off their own SS earnings record is usually higher due to the 1/2 (50%) ceiling.
I earned a few dollars more by taking Social Security on my work record at the age of 65 my ex took his at 62
Take it at 62. Theres no guarantee you’ll be alive longer than 62
What would be my social security at 62 since I retired early and working only 25 years?
I’m 62 now, I’ll try to wait until 67 to collect.
I took mine at 62.
The average life expectancy in America is 75😢 75-62>75-67!
@@dee-zo5pk Interesting fact, I never thought of it that way.
My best friend waited until she was 70 to get over $3,800 / month. Worth the wait.
Not really. Probably too old and sick to enjoy.
If you have a gravy job. It works for some.
@@blackmonk8602SHT... Took mine at 62
@@dennistyler9852They probably had a easy gravy train job.
Voting trump will eliminate taxes on ss income
After losing my job and turning 41 lately, I'm at a turning point in my life. What options do I have for making big investments now that I have $425k saved for an early retirement at age 50, $10k in an HSA, and a property that might provide an extra $200K?
It makes sense to consider a financial advisor at this stage, but delaying retirement might be a smarter choice
Not going back to work. I'm unsure whether to consolidate all my investment accounts into one. If I do, how should I handle it and what should I be aware of? I also plan to sell my property, which could bring in an extra 200K over time. Should I combine everything into one account or spread it out across different investments?
These are key questions for a financial planner. I connected with mine at a summit, and with her help, my wife and I reallocated our 1.7M portfolio between a traditional IRA and brokerage account. She’s been managing the investment with our approval and has helped us recover twice our losses. Currently hodl’ing steady and cautiously navigating the market
Leah Foster Alderman. Look her up online, she's well-known.
Leah Foster Alderman.
The #1 step is to live longer!
This is false information. It is the same amount of money you just get less per year if you opt for age 62 but it will be the same long term. You may get less if you opt to wait and then don't live long enough. 62-67 is five years. If the benefits were 20K a year that is 100K dollars. If your monthly payment isn't enough to make your budget work then wait but otherwise you may need to live a LONG time to equal that lost five years.
lol, there was a breach today 😂 Billions of personal records just leaked
What about the hacking of all the social security numbers and personal data 😊😊
My card say 55
Let's keep social security for many more decades by voting blue.
Divorce immigration and healthcare gimick from social security retirement, corporations need to pay for immigration, healthcare is not supposed to be social security sponsored Corp welfare
And what percentage oof death at 70 .
people hate the job, ret ta go
Does anyone think the Wealthy worry about Social Security ? Lol 😂 😂
Do they worry about it? No. However, they didn’t get wealthy without knowing to hang on to any money that is thrown their way
None of these people worry about SS...they're not concerned, bc they're they make millions of dollars per year! lol hahahahahaha
its Sharon from CNBC looking like Sanaa Lathan's fine aunty
Eleanor Roosevelt? She didn't sign shyt into law
He said Franklin Delano Roosevelt, not his wife, Eleanor.
He said FDRs full name.
Why she shy away from admitting they double tax you! Pay tax on the way in and then pay tax when they give your money back to you! Oh, she wit the gov’t, I see.
Employer's contribution is 50%. That's what is taxed
@ haha!! U ever run a business? No! If you had you’d a known that “expense” gets taken from your employees wages and customers prices
@@davidcloyd1296 Is it doubled taxed?
@@SandfordSmythe your life is finite, so to therefore is your labor. Who does your life belong to? You or another man? Your hands, your mind, your work and creativity? How should you be taxed? Once? Twice? Several different times all along the manufacturing or servicing process? Should you be taxed upfront, honestly and transparently? Or shady, corruptly and for the purpose of giving it to someone else?
@davidcloyd1296 Put your smoke down and answer the question. Is the 50% portion that is contributed by your employer double taxed?
I am curious about your opinion since no one seems to address this point. Remember, only 50% of your check is taxable.
Awkward to watch with her going down the line from one host to the next.
Daaaaa you foul out of it is anyone wrote his age on a stone retirement should be at 55 years old no 67/70 you re dad ealready at that age ya you lose your age working and slave for them while you still in shape
A rip off
Al Roker is alive. The internet sucks
HE hits 70 NEXT WEEK. It’s BEEN TOUGH for him to survive on just $4,000,000 a YEAR!!!
It’s ABSOLUTELY ASININE to get statements by snail mail!
Is there actually people alive who do not already know these basic things? 😮
This is BS, why should you have to wait until you are 70 before retiring, an age where you can barely enjoy being retired.
VOTE TRUMP. BETWEEN THE TAX ELIMINATION AND HIM BRINGING INFLATION DOWN THE CORRECT WAY, COUNT ON A BIG BONUS. OR DONT.
I will be voting Democrat
@debbieframpton3857 WHAT WAS THE BIG ATTRACTION?? MEGAN DE STALE ONION TWERKING OR THESE LAST 4 GLORIOUS YEARS???? WORLD AT WAR? $100 BILLION OF OUR TAX $$$ GOING TO PAY OFF UKRAINE PENSIONS DISGUISED AS WARTIME FUNDS?? FUNDING HAMAS BY WAY OF IRANIAN CASH INFUSIONS?? I CANT DECIDE ITS ALL SO AWESOME. GOOD LUCK.