Timothy Sumer

🌟 Can I Retire at 60 with $500,000 & Claim Social Security Benefits Early? In this video we will explore the question: "Can I retire at 60 with retirement savings of $500,000 and still claim Social Security benefits early?" It's a complex and personal decision, so let's dive into some key considerations. First and foremost, it's crucial to acknowledge that retirement planning is unique to each individual. Factors such as retirement lifestyle choices, healthcare needs in retirement, and desired standard of living play significant roles in determining one's retirement readiness. However, I'd like to offer some insights based on general retirement principles. 1️⃣ Assess your financial situation: Start by evaluating your current financial & retirement status. Take into account your savings, investments, and any potential income sources. $500,000 is a substantial sum, but it's essential to determine if it can sustain you t...

The Social Security landscape changed dramatically last year when Congress abolished several advanced claiming strategies that helped retirees increase lifetime income. The new Social Security rules make it more important than ever to make informed decisions when incorporating Social Security into your overall financial strategies. Join Joe Anderson, CFP® and David Cook, CFP® for a one-hour webinar to learn how the recent changes may affect you. Free download - The Social Security Handbook: If you would like to schedule a free assessment with one of our CFP® professionals, click here: IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment a...

Recently, Mass Mutual Life Insurance distributed a 10-question true/false quiz on Social Security to 1,500 adults. Only 28% received a passing grade, and only ONE person got all ten questions right. Social Security is one of the most important retirement benefits available, yet most Americans have very little understanding on how to maximize their benefits. In this episode, Joe and Al play “game show”, taking you through each of these ten questions to see how you fare. Find out how to claim your ex-spouse’s benefit, important ages to remember regarding Social Security and how to claim benefits for your dependent children. Free download - The Social Security Handbook: 00:00 - Intro 0:10 “What’s the largest asset you own facing retirement? Is it your IRA? 401(k)? Is it a pension plan? No, guess what it is—it’s your Social Security” 0:48 “Mass Mutual did a survey—they asked ten questions: 1500 people were asked the same ten questions, and only one person got them all right...