Social Security Benefits Explained

Avoid costly mistakes when collecting Social Security. During this webinar, Dan Goldstein, CFP®, MBA provides insight into the history of Social Security, Social Security eligibility, how Social Security works, and how to make the most of your Social Security payments. Dan answers questions from the audience on spousal and survivor benefits, tax on Social Security, Social Security claiming strategies, and the future of Social Security.
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Questions Answered:
Is the Social Security money withheld due to excess income limits given back upon reaching full retirement age (FRA)?
If a person is waiting to collect until FRA, should they file against the ex-spousal SSI benefit if that ex-spouse is 68, or will that cause the reduced amount?
In the David and Carol example, does Carol collect both her $600 benefit as well as the $1100 at the same time?
If the working spouse is younger than the non-working spouse, e.g. 5 years, will it make sense for the working spouse to take the benefit at 62 and the spouse will be 67 (FRA)?
We are reaching FRA four years apart. Can a married couple take benefits independently if the spouse's benefit is higher than half of other spouse?
Can you take the spousal benefit of your current husband and your ex benefit at the same time?
Still confused. Do I have to wait until my husband retires to file for spousal benefits? Are spousal benefits percentages less based on when the spouse retired?
What if the spouse dies before claiming benefits?
I am a widower at age 60. I was told I could collect her Social Security benefits at my age 60. SS now says no because I make too much money. Does this sound correct?
When calculating the true benefit should I assume a compounded amount based on the currently published amount PLUS a cost of living increase each year?
State tax on Social Security: How is taxation applied in California if I start taking Social Security at 70?
SSA has noted that we will likely only get 78% of what’s due starting 2035. How does factor into your recommendations to people?
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• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
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• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
MBA - The Master of Business Administration (MBA) is a postgraduate degree that is awarded to students who have mastered the study of business. Most MBA programs include a “core” curriculum of subjects, such as accounting, economics, marketing, and operations, as well as elective courses that allow participants to follow their own personal or professional interests.
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