THE TRUTH 🔥 ON WHEN TO TAKE SOCIAL SECURITY 🚀 WHY I AM TAKING IT AT 62
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- Опубликовано: 30 апр 2024
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THE TRUTH 🔥 ON WHEN TO TAKE SOCIAL SECURITY 🚀 WHY I AM TAKING IT AT 62.
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The number one thing to make a decision on social security is your HEALTH
18 months out from my 62nd birthday. This decision has been top of mind for me for the last 6 months. Thanks for sharing your strategy.
It is an interesting take on it
Taking mine at 62!!❤❤ I've been researching just this!! Investing mine, to earn that difference! I won't need it. I have pension, 401k, and Roth Ira❤❤❤
You are a prime candidate
Thanks Moe,
I been considering this for the past two months. Also THANKS! for been concerned about your followers success. We really appreciate you and your family.
Thank you for this
My grandmother passed away before getting two Social Security checks.
That is a major concern for those considering later social security
Sorry to hear about your loss.
That's exactly why they keep uping the age. I think they expected most not to be around by the time to collect.
So sorry for your loss, Lisa.
that is awesome. great idea. you can claim S.S. at 63 and still work until you have enough to live on
As long as you don’t make more than allowed
We don’t know what the future holds. I’m just focus on being as prepared!!!
Definitely need to prepare best as we can
My Dad and I talked about this when he decided to retire by 62. Im going to share this video with him.
Thank you
Very interesting, Moe. Definitely something to think about. Thank you.
Thank you appreciate the information.
Love this strategy! Thanks Mr Stock Moe
Thank you
Do you fall under the WEP program in social security. If so you lose 50% of benefits. This affects police, fire, and teachers.
Moe, I love this strategy! Unfortunately, I'm 67 and just started taking SS a few months ago. I wish you would have told me this years ago! 🤣🤣🤣
Don't feel bad. At least your check will be higher. Just stay healthy!
Good morning 🌞 thanks for the info ☺️ 🐈
Awesome video Moe!
It is something we should all think about
This was a very important video which I will have to watch a few more times
I will be doing additional soon…more in depth
I'm 65 and have been using your strategy since 63, as of today up 25%.
Social Security does not count pension payments, annuities, or the interest or dividends from your savings and investments as earnings. They do not lower your Social Security retirement benefits.
FYI
Investment income does not affect the SSA income penalty.
Fantastic added info for next video
I did the numbers on this 10 years ago and love this strategy if you are NOT working and don’t need the money.
Good plan . Just got to figure in what health insurance is going to cost, that's the biggest concern
Yes…those years between 62-65 need to have private insurance
Good Morning Moe!! Great info
Thank you my friend
Makes great sense ! However, are you limited as to what you can make off of rental properties? I have commercial & residential bldgs.
by the time i retire there might not be a social security. this is why im relying on crypto now
The strategy is genius Moe
Good morning 🐈⬛
Good morning to you as well
Exactly
SS said I would get 4342 at 70, 3502 @ 67, 2465 @62
I will have to run there and show you the findings
@@StockMoe yeah not sure how accurate their estimates will be especially after 2030's
APPRECIATE you covering SS for us ❤
i was thinking of taking SS at 70 but then avg life span of male in south is 76..and i wont break even unless i live to 80's so I may take at 65 or 62
Only if you can retire at 62, and can afford healthcare… otherwise you can only make a certain amount through working…
My Sister in-law works in food service for a school system in Ohio and they are going to lower her school pension by some factor of her Social Security payment. I hope that doesn't happen to you. I think it is called a "wind fall" tax so you can't fully double dip.
So sorry to hear this. We don't have that in Pennsylvania.
If you are still working, income will be limited to $31000 including ss. Over thar they take it back
Can you make a video for the rest of us, who need to keep working at least until we can sign up for Medicare?
Absolutely
Nio up 12% today so far. Cling to those billionaire whales guys.
Also iff You are Earning money between age 62 and 67, You will be Penalized iff Earning over $21,000. This would doom you into poverty between 62and 67.
Very true
Interesting concept.... but don't they adjust your SS payment if you earn a certain amount of money? So how does regular income factor into this idea?
They do…this putting the payments directly into a qualifying retirement plan to write off all income best as possible
@@StockMoe even better to put it into a ROTH
Yes,
They should want you to work after 65 right? You will still have social security taken from your check thus funding your own social security.
That's been plan!😃
how much is taxed on ss check ? how much income is allowed at age 62 ? can you talk more on tax free contibution roth > others for this ss check sorry for the full plate , thanks Moe
What is a pension plan?
There becoming uncommon.
But I'm working - making a good salary. I would have to quit.
What if we used VOO instead?
I plan once I'm 62. With my pension, I'll be ok..
The bread bot and discord and course are 🔥 get that today!!!
Much appreciated my friend
Thoughts on SOFI and INTC
Moe, I've got a 401k. Can I ask the company to invest in qqq only?
Velo 🚀🚀🚀🚀
Health Insurance at 62 will be pricey.
Definitely…that is a consideration
Moe I took SS at 62 after taxes my net is 1950.00
👍197 cool idea
So Moe,you’re planning on 62? I’m retiring at 64.
🐈⬛🐈⬛🐈⬛👍
Much appreciated
Moe Moe, My Man!!! Thanks for all that hard work you do for us...Even though it is SOOOOO Fun we can't help ourselves!!! LOL
You're like me, always looking at ways to make money! Thanks Mo!
Too good bro, I use my ssa right now to put into my investments, I don't need it but started as quickly as I can, waiting is a rip off.
69 moe
Always appreciate it my friend
Shout out to Uncle Moe 🐈⬛️
1st
That’s quick
Why not throw it into TQQQ instead of QQQ?
TQQQ doesn't have nearly the payout and the expense ratio is wayyy higher
Risk reasons