Social Security Q&A: What You Need to Know Before You Claim

Social Security: What You Need to Know Before You Claim
Nobody thinks much about Social Security until they realize they're nearing the age to claim it. Suddenly, it becomes crucial to understand how it works. In this episode, we break down the basics and answer some of the most common questions about Social Security.
Just like Dr. Rick says, if you're putting a tissue box cover on your already boxed tissues, you're becoming your parents. And with that realization comes the need to understand Social Security beyond the myths and half-truths.
In this episode, we cover:
How Much Do You Get? - Learn how your Social Security benefit is calculated based on your best 35 years of earnings. We'll also discuss the average and maximum benefits for 2024.
Can I Take Social Security if I'm Working? - Find out how working affects your benefits, especially if you claim before your Full Retirement Age (FRA).
Spousal Benefits - Understand how spousal and survivor benefits work, including how much a non-working spouse can receive and the earliest age a widow or widower can claim benefits.
We'll also include a fun pop quiz to test your knowledge on Social Security basics.
Don't miss this episode if you're approaching retirement age and want to make informed decisions about your Social Security benefits. Be sure to watch the first episode in this series for more foundational information.
Join us as we debunk myths, clarify facts, and help you navigate the complexities of Social Security. See you inside!
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O’Grady Financial LLC is a Registered Investment Advisor. Information presented on this channel is only for educational and informational purposes. It is not intended to be financial advice for any individual or entity.
This video is not sponsored.