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@Richardcarlett
5 ай бұрын
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
@donna_martins
5 ай бұрын
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
@Robert_Seaman
5 ай бұрын
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
@Trevor_Morrow_LTD
5 ай бұрын
This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?
@Robert_Seaman
5 ай бұрын
’vivian jean wilhelm’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@Trevor_Morrow_LTD
5 ай бұрын
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@Susanhartman.
4 ай бұрын
Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.
@mikegarvey17
4 ай бұрын
One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.
@mariaguerrero08
4 ай бұрын
This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.
@ThomasChai05
4 ай бұрын
@@mariaguerrero08who is your advisor please, if you don't mind me asking?
@mariaguerrero08
4 ай бұрын
*Gertrude Margaret Quinto* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@diane.moore-
4 ай бұрын
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
@kyhilltophome3153
7 ай бұрын
We have a friend at church who's husband divorced her about 10 years ago. They were both Social Security age, but her own payment was small. This was not a divorce she wanted. About 18 or so mos after the divorce he contracted an aggressive form of cancer and was gone in a few months. She took care of him through his death. He had made arrangements for her to be compensated on his death with a sum of money. In the aftermath of his death his biological child that she helped raise through their 30 years of marriage tried to cut her out of that sum of money. In the end she won and got what she was entitled to. Awhile later talking to her at church one day I asked her if she had contacted SS to get her payment adjusted. She had no idea she could do that. The next time we saw her she thanked me because it made a $400 difference in her monthly payment which was like a windfall for her.
@matthewhuszarik4173
6 ай бұрын
There are some evil people in the world. She should have pushed a much more beneficial deal to take care of the AH.
@StuStevens-rn7rb
6 ай бұрын
@@matthewhuszarik4173AH?? What's that?
@StuStevens-rn7rb
6 ай бұрын
Hi, replying to your SS comment. I'm worried if when I pass that My younger disabled wife will only get half of my lousy SS (damn govt lied to me as to what I'd get once fully retired, so we're Really struggling financially) She's only worked very p.t. menial jobs that didn't pay much & had no benefits at all. (Part timers are taken advantage of by both the employers and govt unfortunately). I'm now in my mid 70's. Very disabled by heart and brain injuries from being hit by lightning, 12 car wrecks, a traumatic brain injury and 3 strokes - so I can't work anymore. She still has 9 years more to work before she can retire. The amount she'd get then is Less than the half amount of my current SS I'm getting now, that she'd get once I pass. I've already outlived all former male relatives going all the way back to 1700, even with all the health issues I have compared to them. We're struggling financially now. I can't imagine what she'll face. We got wiped out financially in 08, lost our jobs for years and Never recovered. It really seems like the govt is against helping its own citizens especially now that America's govt has seemingly gone Full Communistic c/o the Elites running the show. Biden is nothing more than their puppet. They want to destroy mankind any and every way they can. This all the things happening to humanity now and it's getting worse by the day it seems. SS is a Communistic doctrine implemented by Roosevelt to help, but it looks now to be one factor among many to bankrupt the country and send it to the Trashbin of former number one countries. Our time is apparently up, with others vying to be number one. How that'll play out is anyone's guess at this point. 🤔😯😥😊
@paperburn
6 ай бұрын
@@StuStevens-rn7rb Bidens plan would give you much more but the republican system held that back. your blaming the wrong dog in this race. I hope things get better for you. If they had put Cost of living into minimum wage your ss would be 50 percent higher. ask yourself who .was fighting minimum wage increases. They are the ones to blame.
@dianebarrett5998
5 ай бұрын
Ex spouse drawing $1550. I am drawing $1169 . Married 18.5 yrs. They told me I get nothing. ? You say 50 percent of what?
@stephenbonaduce7852
6 ай бұрын
"Here's where it gets tricky." My friend! It was ALREADY tricky! 😆
@wk7060
7 ай бұрын
Thank you Marvin for another very informative video! So helpful for Seniors!
@MedicareSchool
4 ай бұрын
Glad you think so!
@stevent5571
5 ай бұрын
I am a retired firefighter in Oklahoma with a state fire pension. I can’t draw ssa because I have a state government pension. Have worked 16 years in a civilian job paying into but not allowed to get it.
@BREEZEMAYES
6 ай бұрын
Years ago my husband left me after 19 yrs of marriage to live with someone else. We did not divorce for more than 4 years and then he remarried. He died in 2016. His wife tried to say they were common law married in Texas, but social security explained didn't apply as he was legally married to me til 2008. I was able to apply & get all of his survivor's benefit when I turned 66 & then convert to mine when I turned 70. I would not have wished him ill but it has made my life comfortable. I am surprised how many people who do not know about survivor's benefit and ability to convert at 70.
@kentgulley5259
3 ай бұрын
heard not if they took disability for years
@jaymontange8260
7 ай бұрын
There is no retroactive provision. So be proactive and do your footwork .
@alanjohnson2347
5 ай бұрын
Everyone should get 100% of what they paid in over the years!!!!
@matthewhuszarik4173
5 ай бұрын
Most get far more than 100% of what they put in. But it is insurance so if you die young there is a good chance you won’t.
@embun1945
7 ай бұрын
Thank you for your excellent narration backed by in-depth knowledge of SS & Med. CARE.
@MedicareSchool
4 ай бұрын
Our pleasure!
@randywiley66
13 күн бұрын
This was a outstanding educational video thx
@MedicareSchool
11 күн бұрын
Glad that we can help!
@TexarkanaPrepper
6 ай бұрын
The one thing you didn’t explain is, for example, I take benefits at age 62 based on my spouses record and after I reach full retirement age and my spouse passes away, can I now take survivors benefits at 100% or am I stuck because I originally retired at 62 on spousal benefits?
@astridcolvin9719
5 ай бұрын
Thank you for such great information,.I got so much clarity
@MedicareSchool
5 ай бұрын
We're happy to hear this, thank you!
@edwardloizides5415
7 ай бұрын
You did a great job explaining that the widower ( in my case) may take the deceased spouse benefit without loosing the growth by delaying his own benefit. No deeming penalty. I took my deceased wife benefit ( she was receiving a benefit while I was not) at my full retirement age. I am still employed at 66 1/2 and want my benefit to continue to grow at 8% per year until age 70. My question: at age 70 will I then only be taking my delayed maximum benefit and have to relinquish my deceased spouses’ benefit ?
@kensteffes6712
5 ай бұрын
Very educational and helpful
@MedicareSchool
5 ай бұрын
You're welcome, happy we can help!
@laviniastephens9647
6 ай бұрын
Awesome Info.
@mikeladley5149
3 ай бұрын
I have been getting Social Security for years. I got remarried almost 5 yrs ago in the Philippines. I was told by the US Embassy that my wife must live in the US for 5 yrs before she gets any survivor benefits. Have you heard if this?
@charleswieand4445
6 ай бұрын
And if you get out of 62 and live cheap, you’re better off doing it then worrying about getting more money later on when you’re close to dead I had three or four friends that hung around after they could get your retirement out of the shop and kept working till Social Security age, and they’re all dead at least four of them I took early retirement then retired 22 years and then got 62 years old and took that money and I’m still kicking but I don’t spend a lot of money.
@perindne
5 ай бұрын
JeezCharlesdoyouknowwhatitisliketryingtowadethroughyourwordsaladwithoutusingperiodscommasandsuch? IT REALLY SUCKS! DON"T DO THAT ANYMORE! DOPE!
@thistlemoon1
3 ай бұрын
@@perindneshut up you! Just ask!
@randygalisky6973
5 ай бұрын
Good video - direct and clear
@MedicareSchool
5 ай бұрын
Glad it was helpful!
@kmgreenrph
5 ай бұрын
Good video
@rickgalos5567
6 ай бұрын
For spousal payment, where does the SS.gov documentation address getting married after age 60?
@optionstraderman
7 ай бұрын
Interesting
@ChristiDwyer
3 ай бұрын
If you apply for benefits and you have an ex-spouce (meeting all criteria to draw from their benefits) and when you apply your own benefits are greater than their 50%, but later they unfortunately pass away, can you adjust to receive 100% survivor for the ex-spouce?
@tedrick4713
4 ай бұрын
Good stuff!
@MedicareSchool
4 ай бұрын
Thanks!
@dougdorrer4622
6 ай бұрын
Is there a benefit cap for high income earners?
@mtdburnett
3 ай бұрын
What if my spouse and I were over 70 yrs old when we marry for both Survivor and Spousal benefits?
@fritzerickson1879
6 ай бұрын
I’m 67 and have been at my full retirement age for about six months. I don’t have any plans to retire at this point because I’m enjoying my job, find it fulfilling, and it pays me a good salary. I’ve deferred taking Social Security for a couple of reasons. First, even though there’s no penalty, I don’t wanna pay the higher tax rate that I would have to pay on those Social Security dollars added to my total income. Second, and this gets to my question, most analysis that I look at seems to be centered on maximizing the total amount I would receive from Social Security over my lifetime as the primary goal. In other words, the breakeven point. Take it early if you don’t if you don’t think you’re going to live very long or take it later if you have a good shot at a longer life. It’s all about a breakeven point. I’m wondering if that’s the wrong goal at least for some. What if the goal is to have as large a monthly Social Security check as possible when you need most, say when you are no longer working - regardless of the breakeven point? Rather than taking Social Security when you don’t need it but have the advantage of getting a greater overall lifetime return verses having monthly checks that are 24% higher at age 70 - even if you fall short of the breakeven point. It’s possible that I have completely missed the point which would not be the first time. Any thoughts would be most welcome.
@GimiH1
5 ай бұрын
My husband enjoyed working and delayed until 70ish. His check is now much larger. That much difference could easily cover food or utilities. We both retired during the covid chaos.
@boomermatheson3172
5 ай бұрын
Think about retiring before you do. My dad worked for GM for like 36 years. He noticed many of his coworkers that retired had no reason to stay living so the vast majority died within 5 years they retired. A friend of mine that was my age retired from GM and died with in that 5 year period proving that this dynamic is still active.
@GimiH1
5 ай бұрын
@boomermatheson3172 I've always said you will sit in a recliner and just rot down and die. Everyone needs some reason to get up and move. We have pet cows, 2 lgd, chickens, a garden, etc. Always something to be done. Building an off grid cabin keeps us going. If that's not enough, there's always fence work.
@Savannah-ed4rv
7 ай бұрын
The deeming for widowers doesn't apply if you've been on disability! I was told that in order to get my highest retirement benefit that when I turn 67 I should withdraw my retirement benefit and wait three years until I turn 70. But that would mean I would hit that have no income for 3 years. When I tried to find out about applying for widow's benefits for those three years I was told that it's no longer allowed. In other words someone who's on a disability and is widowed is being discriminated against! I can't earn any delayed retirement credits and I also cannot take my widowers benefits I guess because taking disability is equivalent to taking your retirement benefit and it can't be changed
@johnkirwin9121
7 ай бұрын
My wife is on disability, my understanding is when she turns 65 it automatically crosses over to normal retirement, income and off of disability. so your benefit is already turned on it just is paid from a different fund by the government.
@GoVoteDemocracy
5 ай бұрын
Can the widow remarry and continue benefits?
@MedicareSchool
5 ай бұрын
As long as you remarry after the age of 60, anything before that you forfeit the benefits. www.ssa.gov/policy/docs/workingpapers/wp89.html#:~:text=A%20widow(er)%20is%20eligible,years%20of%20age%20or%20later.
@fenmoorz
6 ай бұрын
What about survivor with children?
@guyhowell8176
6 ай бұрын
My wife was married 21 years to her ex. We have now been married for 13 years. Is her ex entitled to any of her benefits or does our marriage supersede everything
@paperburn
6 ай бұрын
yes he can BUT Him getting benefits on her account does not affect your/ her totals or balances in any way.
@wernernagy
6 ай бұрын
I have two in-laws that immigrated to the U.S.A. at the age of 62.. They worked for 11 years (44 full quarters). They applied for SS and Medicare benefits at the age of 73. While they were working, they had medical insurance through the marketplace and not through the small companies they worked for. Will they have to pay a penalty for Medicare benefits since they did not sign up at the age of 65? The reason they did not sign up at the age of 65 is because they did not have enough qualifying quarters.
@MedicareSchool
5 ай бұрын
Unfortunately they will have penalties signing up for Medicare, they could've joined Medicare at 65 but would've had to pay an additional amount for Part A since they didn't have enough quarters and continue to work till they met all 40 quarters. Then they would've paid the standard amount once meeting all quarters. Since they did not sign up at 65 and paid the additional amount when/if they sign up the penalties will be there.
@01mia18
5 ай бұрын
They should apply for a waiver based on their circumstances. They do require evidence of your claims if you apply for a penalty waiver. I know from experience.
@danielpresson7263
4 ай бұрын
A couple both aged 84, married over 60 years, then loses a spouse . . Is the surviving spouse entitled to anything from spouse SS who passsed? Any benefits the surviving spouse should be looking for/entitled to? Thank you!
@MedicareSchool
4 ай бұрын
I would definitely contact SS they will be able to access all accounts to see if you qualify for anything!
@Flo-Joe.W
5 ай бұрын
I had to take mine at 66 !
@hugh225
6 ай бұрын
Are delayed credits available for survivor widow benefits- if you wait past FRA? It was my interpretation, that is not the case and any benefit increase stops at FRA.
@MedicareSchool
5 ай бұрын
The amount does reach a max at FRA.
@racekar80
3 ай бұрын
My wife worked full time and made a considerable salary, at 67 she will take her own benefit because it’s more than 50% of mine, when I die, will she then recieve 100% of my SS benefit since it’s more than hers?
@ginger6582
7 ай бұрын
Watch the video, the truth always gets revealed.
@renatal1972
6 ай бұрын
How old do you have to be to collect spousal social security when the spouse turns 62?
@recoveringsoul755
6 ай бұрын
Your benefits depend on your own full retirement age. For maximum benefit you should be full retirement age which depends on the year you were born. If you claim early, when you're 62, for example, you get the minimum of theirs. Forever. From what I understand.
@recoveringsoul755
6 ай бұрын
@@_-Karl-_ unless you're disabled. And I don't think the highest earner needs to be receiving SS. Just be of age
@recoveringsoul755
6 ай бұрын
@@_-Karl-_ well I've heard that is also false, that the primary earner needs to be collecting. Some men would never take it to prevent ex wives from being able to. So the law was changed. That's what I've been learning anyway
@MedicareSchool
5 ай бұрын
You would have to be at least 62 as well
@rmm3150
7 ай бұрын
Can I draw spousal support now and switch to my own retirement amount when I turn 70? (he's currently 70 and I'm 66 and 6 mos.)
@rmm3150
7 ай бұрын
@@penelope5500 thank you
@kknight8112
7 ай бұрын
You draw survivor on his and wait until your FRA or 70 to switch to yours to draw.
@oscarmedina1303
6 ай бұрын
You used to be able to do so, but many loopholes have been closed. Research it or call Social Security and ask your question.
@markvanduyn3514
6 ай бұрын
What about spousal on somebody who is on disability? before the age of 64?
@Dnbme2d
5 ай бұрын
I have a friend 75 yrs old who hasn't applied for their own social security. Has it been lost
@MedicareSchool
5 ай бұрын
They can still collect there benefits, they've reached their max amount at age 70 already.
@virginias.poston4308
6 ай бұрын
I don't know how unusual this scenario is, but we're trying to figure it out. Spouse A is 5 years older than Spouse B and can take SS. Spouse B doesn't qualify for SS yet, but Spouse B's benefits will be significantly larger when Spouse B finally qualifies. If Spouse B does not yet qualify, does B's income in any way affect the amount of benefits A is entitled to? (In other words, does A only get benefits based on their own earnings?) If A's benefits are only from their own earnings, can A claim (the larger amount of) spousal benefits once Spouse B retires and starts to claim benefits?
@joeprimal2044
6 ай бұрын
So Social security saves a fortune in spousal benefits with people getting married less. 🤔
@brithor52
6 ай бұрын
As far as I know, the spousal 50% is NOT 50% of what the spouse's benefits are, but 50% of what the spouse's benefit would have been at normal retirement age. I started taking benefits at age 70, thereby receiving 32% more than I would have at my normal retirement age of 66 years. But my wife who started taking benefits at her normal retirement age of 66 years and 4 months did NOT get 50% of my extra 32% from my postponing of my retirement for 4 years. I can only assume that the same holds true for survivor benefits. Please correct me if I'm wrong.
@terrybennett5576
6 ай бұрын
What about an individual who becomes disabled before age 62 ?
@johngeary4862
5 ай бұрын
My wife and I are 76 yr old do you charge to review are ssi benefits John Geary
@MedicareSchool
5 ай бұрын
We do review SSI we can assist with signing up if you are ready to collect. to review you would need to go directly to SS.
@workdre
7 ай бұрын
Hmmmm... I'm not sure if your survivor benefits are accurate. My FIL passed away September 2023 at age 83 and my MIL, who is 77, is only getting 50% of his payment. They had been married for 57 years when he passed. Why is she only getting 50% of his SS?
@sw6118
7 ай бұрын
Did she go to ss to get it adjusted? It’s not automatic.
@workdre
7 ай бұрын
@@sw6118 No, SSA just sent her a letter stating the amount she was going to get.
@sw6118
7 ай бұрын
@@workdre no reason not to dispute it.
@mylinhpham68
7 ай бұрын
Spousal benefits = 50% and Survivor benefits = 100% if your MIL started drawing her SS benefits at her FRA which was 66 years of age in her case. Should talk to SSA and have them adjusted to Survivor benefits.
@oscarmedina1303
6 ай бұрын
She is either still getting the spouse benefit or took SS early and that can result in a reduced Survivor Benefit. She should challenge it, or at least get an explanation of how the benefit was calculated.
@NotMolly-jf2rh
7 ай бұрын
What if I get spousal 50% then he dies? He will not take care of himself. What if I die 1st and he had the higher amount?
@garyhempel6316
6 ай бұрын
can someone get spousal benefits if their spouse is on disability.? Assuming they otherwise qualify.
@MedicareSchool
5 ай бұрын
Yes, if someone is married to a person receiving Social Security Disability Insurance (SSDI) or retirement benefits, they may be eligible for spousal benefits if they meet certain criteria. They must be at least 62 years old, married for at least one year, and not entitled to a higher benefit based on their own work history. Spousal benefits can be up to 50% of their spouse's benefit amount. It's best to contact the Social Security Administration for specific eligibility details.
@JimBlake-th6yc
6 ай бұрын
If I am collecting my benefits now, and when my spouse turns 62 and takes the 50%, will that decrease my benefits?
@MedicareSchool
4 ай бұрын
No your benefits will remain the same
@hhhkf
6 ай бұрын
Complexity hides corruption
@markgentry6688
5 ай бұрын
That’s exactly what I thought while watching this video. People in the wealthy class make it tough on the lower working class at the hands of the conservative government.
@Tad-For-Global-Peace
Ай бұрын
Absolutely Mark
@susanmarich5487
5 ай бұрын
That sucks the age 60 rule. I remarried less than 2 months before 60. Who came up with that
@sterlgirlceline
6 ай бұрын
⭐️⭐️⭐️⭐️⭐️⭐️
@cherylcampbell7495
5 ай бұрын
Missed by a week of ten years. Ss won’t even listen to me. Not fair.
@captainkrunch6372
7 ай бұрын
So just get divorced start collecting then remarry, who dreams up these policies
@captainkrunch6372
6 ай бұрын
@_-Karl-_ the government made me that way, such is life.
@ErnestojrIbanez-lt5xj
5 ай бұрын
When my wife died on 2005 I was sixty one years old but when I went to SSA to file survivor benefits I was advice to wait when I reach age sixty six that is when my survivor benefit will only begin.As per your explanation it seems to me SSA made a bad advice on my case cause my survivor benefit shouldn't have begun when I was age sixty one.Am I correct.Pls advice ty
@MedicareSchool
5 ай бұрын
You can collect survivors benefits as early as 60 years old.
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