Can Social Security Be Trusted?
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- Опубликовано: 18 апр 2024
- Interview with Marc Kiner, CPA and Jim Blair about Social Security issues.
Financial Fast Lane www.financialfastlane.com/
Marc Kiner and Jim Blair are the founders of the NSSA certification program.
premiernssa.com/
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
It’s great to see such a clear and concise breakdown of Social Security. Thanks for providing trustworthy information and helping us understand these important issues! -Macy (Team Evan)
Thank you for a very informative and well-composed presentation!
Very informative thankyou
Great info on this channel.
There is a former manager of a social security office (Dr. Ed Weir) who says the 10 years does not have to be consecutive for former spouses.
What if the US dollar loses its reserve status?
Please clarify:
If husband waits until 70, at which time wife claims spousal...will she get 50% of amount he gets at 70? Or 50% of amount he had at FRA 67?
She would get 50% of his PIA which would not include the delayed retirement credits, but at his death she would get his larger benefit (survivors benefit).
Yes, it will always be there but at a drastic reduction to recipients. Still hurts.
❤
Raise the cap like Reagan did we will be good for another 50 years.
I love Reagan but he is also the president that started taxing SS benefits..
I didn’t hear what the policy is for those who have been married to more than one spouse for more than 10 years each.
What is the limit for 2024 for part time work when I am retired
Great video, men! I'm 64 years old and have a question. I own an S corporation, draw an 18,000 yearly salary AND take withdraw equity in the form of owner's draw of about 15,000 per year. Am I correct that the owner's draw (over the $22,320 threshold) does NOT effect my monthly benefit if I were to take social security at this point?
W2 income and net business income do count towards the earnings limit. Sorry
@@FinancialFastLane Thanks, it's confusing for sure. you're the only one who has given me that answer. Everyone else's has said the ordinary income from an S corp does NOT count toward social security benefits and that distributions from the corp are not taxed as social security income.
@@TravelingPhotographer Net business income does count towards the earnings test. In the past you could classify distributions as passive and get around it but that loophole has been closed. To confirm you should consult your tax professional. Thanks!
I retired at 53 from the Army and have 40 work credits according to the SS website. Do I get zeros for the years I didn't work for calculating my full retirement benefit at 67?
Yes, years that you had zero earned income and zero FICA taxes paid, you’ll have zeros.
Wait till 70 your done you’ll make it till 80 so what you going to a home 🏠 😂😂😂
If you were married over 10 years, your spouse died, you remarried under age 60 and then divorced 2 yrs later are you eligible for any benefits based on 1st deceased spouse?
Yes, you should be eligible for survivor benefits on your first deceased spouse’s record.
What if Republicans / MAGA / Trump elected - will that be the end of Social Security?
Definitely not.