Timothy Sumer

Are you nearing retirement age and considering when to start taking Social Security? It's a big decision with many factors to consider, and it can have a major impact on your financial well-being in retirement. In this video, Medicare Retirement Expert, Marvin, breaks down the pros and cons of taking Social Security before age 65, one of the earliest possible ages to start collecting benefits, and how it relates to Medicare. On the one hand, taking Social Security at age 62 to 65 can provide an immediate source of income. It can be particularly appealing if you're facing financial challenges or health issues that make working difficult. However, there are some significant downsides to taking Social Security early. For one thing, you'll receive a smaller monthly benefit than waiting until your full retirement age (typically between 66 and 67, depending on your birth year). Additionally, taking Social Security early can reduce the total benefits you receive over y

In today's video, Marvin Musick from Medicare School announces the breaking news of a HUGE spending bill passed into law recently that impacts YOU & all Senior Citizens! In the 1.7 trillion dollar spending bill, 14.1 billion was allotted for the SSA, Social Security Organization to help them with their customer support crisis due to the SSA budget decreasing over the years while SSA beneficiaries are 21% higher. Secondarily, this new law includes a package of provisions, known as the Secure Act 2.0 which will expand workers' access to retirement plans and gives senior citizens the ability to contribute to and maintain those accounts. The Secure Act was put into law in 2019, and this is being viewed as a new and improved version of those laws. Secure Act 2.0 passed this year, which means big changes for all senior citizens after this huge spending bill passed into law. SECURE is an acronym for "Setting Every Community Up For Retirement Enhancement"