When to start Social Security

Discussion of the the main topics to consider when deciding when to start your Social Security benefits Links in this video: retirement planning Insights - Taxes in Retirement - #RetirementPlanning #TaxPlanning #SocialSecurity DISCLAIMER: This video is only helpful hints and education. It is not specific tax, legal or investment advice. Before considering acting on anything you see in this video, first consult with your tax, legal or investment advisor. While the information expressed in this video is believed to be accurate, neither Andy Panko, CFP®, RICP®, EA nor Tenon Financial LLC make any guarantees to its accuracy....(read more)

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When it comes to planning for retirement, one of the most important decisions you will make is when to start Social Security. With so many options and factors to consider, it can be a daunting task. But by understanding the different factors and options available, you can make an informed decision that will best suit your needs. The first factor to consider is your age. You can start taking Social Security benefits as early as age 62, but you may not receive the full benefit amount. Your benefit amount is based on your full retirement age, which is determined by the year you were born. If you start taking Social Security before your full retirement age, you will receive a reduced benefit amount. On the other hand, if you wait until after your full retirement age, you will receive an increased benefit amount. Another factor to consider is your current financial situation. If you are in need of income, it may be beneficial to start taking Social Security sooner rather than later. But if you have other sources of income, such as a pension or investments, it may be better to wait until your full retirement age or even later to maximize your Social Security benefit. Finally, you should consider your health and life expectancy. If you are in good health and expect to live a long life, it may be beneficial to wait until your full retirement age or later to start taking Social Security. This will ensure that you receive the maximum benefit amount over your lifetime. Ultimately, the decision of when to start Social Security is a personal one. It is important to weigh all the factors and options available before making a decision. By understanding the different factors and options available, you can make an informed decision that best suits your needs. https://inflationprotection.org/when-to-start-social-security/?feed_id=67215&_unique_id=63dd21779577e #Inflation #Retirement #GoldIRA #Wealth #Investing #EarningsTest #FullRetirementAge #RetirementIncomePlanning #retirementplanning #socialsecurity #SocialSecurityPlanning #spousalbenefits #Survivorbenefits #TaxEfficientRetirementPlanning #TaxPlanning #TERP #SpousalIRA #EarningsTest #FullRetirementAge #RetirementIncomePlanning #retirementplanning #socialsecurity #SocialSecurityPlanning #spousalbenefits #Survivorbenefits #TaxEfficientRetirementPlanning #TaxPlanning #TERP

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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