Podcasts about social security benefits

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Best podcasts about social security benefits

Latest podcast episodes about social security benefits

The Retirement and IRA Show
Social Security Benefits, IRMAA, and QCD Timing: Q&A #2517

The Retirement and IRA Show

Play Episode Listen Later Apr 26, 2025 65:39


Jim and Chris discuss listener questions relating to Social Security spousal benefits, IRMAA relief, suspending Social Security for tax planning, and QCD timing with RMDs. (3:00) A listener enquires whether her 85-year-old mother, who recently remarried, must remain on her ex-spouse's record for one year before switching to spousal benefits on her new husband's record.(12:15) […] The post Social Security Benefits, IRMAA, and QCD Timing: Q&A #2517 appeared first on The Retirement and IRA Show.

Investing Insights
Retirees: Here's How to Tweak the 4% Rule to Protect Your Nest Egg

Investing Insights

Play Episode Listen Later Apr 25, 2025 22:44


Amy Arnott, Morningstar Inc. portfolio strategist, discusses why her team's starting safe withdrawal rate is more conservative than the popular 4% rule. Plus, a new metric to help determine financial priorities during retirement.How ‘The State of Retirement Income' Report Helps Investors Know Their Safe Withdrawal RateConservative Estimate for Starting Safe Withdrawal RateWhy Has the Starting Safe Withdrawal Rate Gone Down? Flexible or Dynamic Strategies to Increase the Starting Safe Withdrawal Rate What Is the Spending-Ending Ratio? Retirement Spending Strategies That Leave Legacy Funds Strategies to Help Retirees Spend All Their Retirement Savings Should You Delay Social Security? What Type of Retiree Should Considering an Annuity?Pros and Cons of Deferred Annuities What's Next for 'The State of Retirement Income' Report? Read about topics from this episode.  Six Retirement Withdrawal Strategies That Stretch SavingsThe Best Ways to Maximize Your Retirement Income in 2025Navigating the Future of Retirement Income: Trends, Strategies, and InsightsMorningstar's Retirement Income Research: Reevaluating the 4% Withdrawal RuleWhat's a Safe Retirement Spending Rate for 2025?Maybe You Shouldn't Delay Taking Your Social Security Benefits After AllHow to Retire: Tips for Entering RetirementTIPS Funds Gain on Fears of Inflation and Economic DownturnHow to Use Our Retirement Income Research  What to watch from Morningstar. Worried About a Market Sell-Off? These 10 Funds Reduce Portfolio RiskGray Divorce: How to Avoid Triggering a Costly Tax BillWhy the Bond Market Looks Brighter Than It Did in 2022Where to Find Bargain Stocks in an Expensive Market Read what our team is writing:Amy ArnottIvanna Hampton Follow us on social media.Facebook: https://www.facebook.com/MorningstarInc/X: https://x.com/MorningstarIncInstagram: https://www.instagram.com/morningstar... LinkedIn: https://www.linkedin.com/company/5161/

Chicago's Afternoon News with Steve Bertrand
Terry Savage gives latest information on Social Security benefits

Chicago's Afternoon News with Steve Bertrand

Play Episode Listen Later Apr 16, 2025


Nationally syndicated financial columnist and author Terry Savage joins Lisa Dent to discuss the latest information on Social Security benefits. Savage shares the latest on who needs to apply in person, online, or not at all. Then, as always, she answers questions from listeners.

Verdict with Ted Cruz
BONUS POD: Dems Demand Return of Deported MS-13 Gang Members plus Social Security Benefits for Illegal Aliens

Verdict with Ted Cruz

Play Episode Listen Later Apr 15, 2025 18:01 Transcription Available


Criticism of Democrats: Democrats for opposing Donald Trump and his policies, particularly regarding border security and immigration. We highlights a specific instance where Democrats, led by Senator Chris Van Hollen, are demanding the return of deported MS-13 gang members. Immigration and Deportation: The commentary discusses the deportation of an MS-13 gang member to El Salvador and the legal battles surrounding his return. It includes a detailed exchange between Pam Bondi, the President of the United States, and the President of El Salvador, emphasizing the legal and security reasons for not returning the deported individual. Economic Policies and Achievements: Trump's tariffs and their impact on American manufacturing, particularly highlighting Nvidia's investment in AI chip and supercomputer production in Texas. It mentions the creation of hundreds of thousands of jobs and the strengthening of national security through these economic policies. Deep State and Bureaucratic Resistance: The commentary accuses government bureaucrats of trying to undermine Trump's administration, particularly in canceling Social Security benefits for illegal aliens. It describes instances of bureaucratic resistance and the actions taken by Trump's administration to overcome these challenges. Social Security and Immigration Enforcement: The collaboration between the IRS and ICE to locate, detain, and deport illegal aliens using their financial history. It highlights the discovery of millions of illegal aliens on Social Security and Medicaid rolls, and the efforts to cancel their benefits. Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the Ben Ferguson Show Podcast and Verdict with Ted Cruz Wherever You get You're Podcasts. Thanks for Listening #seanhannity #hannity #marklevin #levin #charliekirk #megynkelly #tucker #tuckercarlson #glennbeck #benshapiro #shapiro #trump #sexton #bucksexton#rushlimbaugh #limbaugh #whitehouse #senate #congress #thehouse #democrats#republicans #conservative #senator #congressman #congressmen #congresswoman #capitol #president #vicepresident #POTUS #presidentoftheunitedstatesofamerica#SCOTUS #Supremecourt #DonaldTrump #PresidentDonaldTrump #DT #TedCruz #Benferguson #Verdict #maga #presidenttrump #47 #the47morningupdate #donaldtrump #trump #news #trumpnews #Benferguson #breaking #breakingnews #morningupdateYouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.

The Hartmann Report
Top Senate Dems Propose Emergency Social Security Payment Boost

The Hartmann Report

Play Episode Listen Later Apr 13, 2025 56:46


Democratic Leaders in the Senate plan to unveil legislation that would provide an emergency $200 monthly increase in Social Security benefits through the end of the year, Axios has learned. Economists have warned that the levies are likely to drive inflation and — unlike in 2022 — that wages may struggle to keep up. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Great Points
What's going to happen to my Social Security benefits?

Great Points

Play Episode Listen Later Apr 7, 2025 13:45


On today's episode of Great Points, Matt takes a look at the numbers behind Social Security benefits.  While it's a common talking point in different forms of media, is it really possible that Social Security could go away anytime soon?

CrossroadsET
DOGE Reveals Non-Citizens Received ‘Maximum' Social Security Benefits

CrossroadsET

Play Episode Listen Later Apr 2, 2025 67:03


The Department of Government Efficiency (DOGE) has gone from cutting government spending to shrinking the size of government overall. Now, the agency's head, Elon Musk, is detailing what DOGE has uncovered in fraud, overspending, and gaps in the system.

Wintrust Business Lunch
Wintrust Business Lunch 3/24/25: Social Security benefits, new tariff plan, Unlisted homes

Wintrust Business Lunch

Play Episode Listen Later Mar 24, 2025


Segment 1: Ilyce Glink, owner of Think Glink Media and Best Money Moves, joins Wendy Snyder to talk about cuts to the Social Security office and what that could mean for your benefits, and President Trump reportedly softening his tariff stance. Segment 2: Jim Dallke, Director of Communications, TechNexus Venture Collaborative, tells Wendy about Chicago insurance tech startup Kin seeking opportunities in […]

The Retirement and IRA Show
Social Security Benefits, Roth Conversions, and Annuities: Q&A #2512

The Retirement and IRA Show

Play Episode Listen Later Mar 22, 2025 75:07


Jim and Chris discuss listener questions relating to Social Security strategies, spousal benefits, Roth conversions, and annuities. (8:15) George asks whether a widow who was widowed before age 60 has two Social Security claiming strategies available based on the FRA benefit of each spouse.(20:30) The guys address a question about how spousal benefits are calculated […] The post Social Security Benefits, Roth Conversions, and Annuities: Q&A #2512 appeared first on The Retirement and IRA Show.

Steve and Ted in the Morning
Lowering taxes on Social Security benefits

Steve and Ted in the Morning

Play Episode Listen Later Mar 12, 2025 9:16


Moneytracker Don Grant joins us with moneysaving advice for retirement.

The Atomic Retirement
35. Collecting Over $2 Million in Social Security Benefits (And How to Calculate Yours)

The Atomic Retirement

Play Episode Listen Later Mar 1, 2025 13:00


Most retirees don't realize just how valuable Social Security can be—or how much strategy goes into maximizing those benefits.In this episode, we break down a real-life case study of a couple I work with, let's call them James and Elizabeth. Thanks to a smart claiming strategy, they're projected to collect over $2.4 million in lifetime Social Security benefits. We'll walk through:✔️ Why the higher-earning spouse should consider delaying benefits✔️ How spousal and survivor benefits can significantly boost lifetime income✔️ The impact of cost-of-living adjustments (COLAs) on long-term benefits✔️ How to check your Social Security statement and calculate your own benefitsAre you making the most of your Social Security? Learn how to run your own numbers and avoid leaving money on the table.Episode ResourcesSocial Security AdministrationDon't Miss Out: Smart Retirement Savers Read Atomic IdeasWant weekly tips to make smarter financial decisions? Subscribe to Atomic Ideas, a free newsletter packed with timely market insights, helpful visuals, and proven retirement strategies.Get Atomic IdeasReady to Create Your Atomic Retirement?Take the next step! Schedule your FREE 20-minute Atomic Retirement Roadmap appointment today. What's included? Tax Return ReviewInvestment Check-UpRetirement Income AnalysisGet Your Free Atomic Retirement RoadmapShare Your ThoughtsEnjoyed this episode? Please leave a review and share it with someone who's planning for retirement!

Code WACK!
Billionaires vs. Our Benefits: Who Really Wins With Social Security Cuts?

Code WACK!

Play Episode Listen Later Feb 24, 2025 17:01


This time on Code WACK!  What would cutting off or limiting Social Security benefits – or privatizing Social Security – mean for the roughly 68 million retirees who rely on such benefits? And what could that mean for those who receive disability benefits?  To break it down, we spoke with Alex Lawson, executive director of Social Security Works, an organization fighting to protect and expand Social Security, Medicare, and Medicaid; lower drug prices; and ensure health care as a human right. This is part two of a two-part series. Check out the Transcript and Show Notes for more!

The Retirement and IRA Show
Social Security Benefits, RMD Taxes, IRMAA, and Social Security Taxation: Q&A #2508

The Retirement and IRA Show

Play Episode Listen Later Feb 22, 2025 74:01


While Jim is attending a conference, Chris is joined by Jake to discuss listener questions relating to Social Security benefits, RMD taxes, IRMAA, and taxability considerations for claiming Social Security. (5:00) Georgette asks whether her survivor benefit will be reduced since her husband passed away at age 71. (13:30) The guys address whether claiming early […] The post Social Security Benefits, RMD Taxes, IRMAA, and Social Security Taxation: Q&A #2508 appeared first on The Retirement and IRA Show.

One-On-One: Communications in the Digital Age
The Big Social Security Lie - 150 Year-Olds Collecting Social Security Benefits

One-On-One: Communications in the Digital Age

Play Episode Listen Later Feb 19, 2025 17:13


NO, 150-YEAR-OLDS ARE NOT COLLECTING SOCIAL SECURITY BENEFITS. And No, dead people are not collecting Social Security Benefits. There is no evidence of this fraud. None. Is there fraud somewhere? Maybe. But the reason the two presidents, Musk-Trump, think really, really old (or even dead) people are robbing Social Security is because of COBOL.   This is the definition of COBOL: COBOL an acronym for "common business-oriented language") is a compiled English-like computer programming language designed for business use. It is an imperative, procedural, and, since 2002, object-oriented language. COBOL is primarily used in business, finance, and administrative systems for companies and governments. Here is a link to the Wired article: This is a quote from "Wired." "Computer programmers quickly claimed that the 150 figure (that Musk and Trump are using) was not evidence of fraud but rather the result of a weird quirk of the Social Security Administration's benefits system, which was primarily written in COBOL, a 60-year-old programming language that undergirds SSA's databases as well as systems from many other US government agencies. COBOL is rarely used today, so Musk's cadre of young engineers may well be unfamiliar with it. Because COBOL does not have a date type, some implementations rely instead on a system whereby all dates are coded to a reference point. The most commonly used is May 20, 1875, as this was the date of an international standards-setting conference held in Paris, known as the Convention du Mètre."   Here is a link to the Wired article: https://www.wired.com/story/elon-musk-doge-social-security-150-year-old-benefits/ And a link to a Politifact Story: https://www.politifact.com/article/2025/feb/17/are-150-year-old-americans-receiving-social-securi/ Thank you for the Music Infraction.  Sport Rock Workout" is 100% no copyright royalty free rock sport track by Infraction! ----- Join our community: http://bit.ly/38egfRR  

Passing Judgment
What the Federal Workforce Reduction Means for American Citizens with Tami Luhby

Passing Judgment

Play Episode Listen Later Feb 18, 2025 25:46


In this episode of Passing Judgment, we delve into the Trump administration's controversial federal buyout plan aimed at reducing the workforce. Jessica is joined by expert guest Tami Luhby to unpack the deferred resignation offer's complexities, union opposition, and the vagueness surrounding its terms. We explore how these workforce reductions could impact government services and the ongoing legal battles related to this initiative. Here are three key takeaways you don't want to miss:Federal Buyout Plan: The Trump administration aimed to downsize the federal workforce, incorporating a controversial program called the deferred resignation offer. Approximately 2 million federal employees were offered this program, where 77,000 accepted the resignation offer. However, there was confusion and reported ineligibility among recipients.Legal Proceedings: A Boston judge twice paused the program, considering the unions' claims, but ultimately decided they lacked standing, supporting the administration's effort to proceed with the buyout program.Impact on Services: The reduction in workforce potentially affects various essential services such as Social Security and Veterans Affairs, leading to concerns about extended wait times and disrupted services for the public.Follow Our Host: @LevinsonJessica@Luhby

Richon Planning LLC
Millions of Public Workers are Set to Get Higher Social Security Benefits

Richon Planning LLC

Play Episode Listen Later Feb 15, 2025 13:28


A new bill, called the Social Security Fairness Act, was just signed into law and will increase payments for nearly 3 million current and former public employees. As Peter with Richon Planning explains to Erin Kennedy, the law repeals the Windfall Elimination Provision and the Government Pension Offset, which limited benefits for recipients with other pensions. That means teachers, firefighters and police officers, among other public-sector occupations, will soon receive benefits in the full amount. If you think you may be eligible for the Social Security Fairness Act benefits, please reach out to Peter to talk through the changes you can expect. You can set up a complimentary appointment by calling (919) 300-5886 or visit www.RichonPlanning.com

Money Not Math

Are you reconsidering when to take your Social Security benefits? Or planning for the unpredictable future of late-life finances? Check out this podcast highlighting:1. Discover why delaying Social Security benefits might not always be the best strategy.2. Learn how to create a robust financial plan to guide late-life decisions and weather an unpredictable future.Stay informed and make the best decisions for your financial future!Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation.Articles referenced: https://www.morningstar.com/retirement/maybe-you-shouldnt-delay-taking-your-social-security-benefits-after-allhttps://www.startribune.com/a-financial-plan-to-guide-late-life-decisions-will-help-weather-unpredictable-future/601219133#RetirementPlanning #FinancialAdvice #SocialSecurity #LateLifePlanning #Investing #FinancialEducation #5StoneFinancialGroup #money #retirement

Common Sense Financial Podcast
3 Factors to Consider Before Taking Your Social Security Benefits - Replay

Common Sense Financial Podcast

Play Episode Listen Later Feb 12, 2025 14:49


The complexity of Social Security calculations can cause some confusion around when someone eligible should file and claim their benefit. There are a lot of variables to consider and acronyms to decipher that can make Social Security feel like a confusing hedge maze. Let's cut through some of the noise and clarify some of the most pressing questions around Social Security benefits and what questions you need to consider to determine what's best for you and your family. Social Security has many layers, and the concept of eligibility can be pretty complex. It's not always clear when and how someone should begin taking their benefits because being eligible doesn't necessarily mean you should turn that benefit on. Social Security benefits can be turned on as early as age 62. Each year the benefit is delayed, you receive what is called a delayed retirement credit or DRC. These DRCs guarantee an automatic 8% increase in your Social Security benefit every year you delay up to age 70. There is also your full retirement age. This is the age when you are eligible to receive the full benefit without any offset for having earned income. Earned income being income from employment, which is different from income received from investments, pensions or annuities. For those born in 1960, or later, your FRA is age 67. Benefits are calculated by the Social Security Administration by taking 35 years of earnings that are indexed for inflation. Any years you didn't work are counted as a zero in your average earnings calculation. These annual amounts are then totaled and divided by four and 20 months to arrive at the monthly figure known as your average indexed monthly earning. This number is different from your benefit amount. The SSA then applies a formula to that number which determines your primary insurance amount or PIA and this is your monthly Social Security benefit. If you choose to take your benefit before your FRA while employed, there's an offset that can significantly reduce the benefit if your income exceeds $21,240 in 2023. This reduction is $1 for every $2 of earned income over the limit. In the year you reach your FRA, the limit increases to $56,520 in 2023, with a benefit reduction of $1 for every $3 of earned income over the limit. After you've reached your FRA there's no earning limits and you receive the full benefit with no income offsets. Provisional income comes into play after your benefits are activated. Your provisional income is calculated by taking your adjusted gross income plus half of your Social Security benefit. If that total is less than $25,000, your Social Security benefit is not subject to federal tax. If it is  above 25,000, but below 34,000, 50% of the benefit is taxed, and if it's above 34,000, 85% of the benefit is taxed. If you're a government employee, there's something called a Windfall Elimination Provision, or WEP. And there's also a Government Pension Offset, or GPO. There are three common conversations we have with clients when it comes to Social Security. The first thing is determining the breakeven point. One method for deciding when to take Social Security benefits involves calculating the breakeven point, this is the future point in time when the value of one option equals that of another. For example, if your FRA benefit is $2,000 a month, and $1,400 at age 62, there's a $600 a month difference. When compared to waiting the five years and taking the full amount, the breakeven point would be 11.6 years. Something else to keep in mind is that by taking a benefit early, you reduce the amount of spousal benefit made available since the benefit in and of itself has been reduced and this could be an important consideration. The second consideration relates to one's health and longevity. If you don't expect to live past that breakeven point, taking the benefit early might make more sense. From this perspective, it could be a win-win situation if they start receiving benefits early and they live longer than expected because the payments continue. We can't know our lifespan for certain, but if you're in poor health, taking benefits early might be a reasonable option. The third consideration involves a person's retirement income requirement. Many clients we work with see Social Security simply as a piece of the retirement income strategy, and aren't necessarily concerned with breakeven points as much as they are with maximizing their assets and the resources. Many clients opt to turn their Social Security benefits on instead of tapping into their assets in order to maintain growth. Using assets to generate income in retirement also comes with variables that are hard to predict, like the conditions of the stock market and economic policy. Social Security, in comparison, is stable and easy to predict. Figuring out your retirement income requires careful planning, which is why it's crucial to work with a professional that understands Social Security and its role in your retirement plan.     Mentioned in this episode: BrianSkrobonja.com Common Sense Financial Podcast on YouTube  Common Sense Financial Podcast on Spotify BrianSkrobonja.com/Resources - Free Resources To Help You Protect Your Financial Future Common Sense: YOUR Guide to Making Smart Choices with YOUR Money by Brian Skrobonja SSA.gov   References for this episode: SSA.gov/benefits/retirement/planner/agereduction.html SSA.gov/benefits/retirement/planner/delayret.html SSA.gov/benefits/retirement/planner/agereduction.html SSA.gov/benefits/retirement/planner/whileworking.html SSA.gov/benefits/retirement/planner/whileworking.html SSA.gov/benefits/retirement/planner/taxes.html   Securities offered only by duly registered individuals through Madison Avenue Securities, LLC. (MAS), Member FINRA & SIPC. Advisory services offered only by duly registered  individuals through Skrobonja Wealth Management (SWM), a registered investment advisor. Tax services offered only through Skrobonja Tax Consulting. MAS does not offer Build Banking or tax advice. Skrobonja Financial Group, LLC, Skrobonja Wealth Management, LLC, Skrobonja Insurance Services, LLC, Skrobonja Tax Consulting, and Build Banking are not affiliated with MAS. The firm is a registered investment adviser with the state of Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Advisory services are only offered to clients or prospective clients where Skrobonja Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be  rendered by Skrobonja Wealth Management, LLC unless a client service agreement is in  place. Skrobonja Financial Group, LLC provides links for your convenience to websites produced by other providers of industry related material. Accessing websites through links directs you  away from our website. Users who gain access to third party websites may be subject to the copyright and other restrictions on use imposed by those providers and assume responsibility and risk from use of those websites. Any references to protection, safety or  lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the  issuing carrier. This is intended for informational purposes only. It is not intended to be used as the sole  basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Our firm is not permitted to offer, and no  statement made on this site shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and  opinions contained here in provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by our firm. Any media logos and/or trademarks contained herein are the property of their respective owners and no endorsement by those owners of Brian Skrobonja is stated or implied. The awards, accolades and appearances are not representative of any one client's experience and is not indicative of future performance. Each of these awards have set criteria for their nominations and eligibility requirements. “Best Wealth Managers” and “Future 50 Company” are annual surveys conducted by Small Business Monthly. The winner is chosen by an online vote of the general public and no specific criteria is utilized to determine the winner other than number of votes. Some voters may not be clients of Brian Skrobonja and Skrobonja Financial Group. These awards are not representative of any one client's experience and is not indicative of future performance.

CONFIDENT CONVERSATIONSâ„¢ on Retirement
Don't Miss Out: Unlock the Power of Your Social Security Benefits

CONFIDENT CONVERSATIONSâ„¢ on Retirement

Play Episode Listen Later Feb 10, 2025 45:41


Join us for a discussion about Social Security at a conceptual level and how it works overall, along with examples based on specific situations. We will focus on what you need to know about Social Security as part of a retirement income strategy.

Retirement Radio
Are You Losing Social Security Benefits? WEP & GPO Explained | Episode 123

Retirement Radio

Play Episode Listen Later Feb 8, 2025 55:58


Is the government taking away your Social Security benefits?

WBEN Extras
Esther Gulyas on a recent change to Social Security benefits and the effect on taxes

WBEN Extras

Play Episode Listen Later Jan 24, 2025 4:01


Esther Gulyas on a recent change to Social Security benefits and the effect on taxes full 241 Fri, 24 Jan 2025 19:41:35 +0000 zlnaQomFABmlROV2Ctd9WxbLHmVma8PA news & politics,news WBEN Extras news & politics,news Esther Gulyas on a recent change to Social Security benefits and the effect on taxes Archive of various reports and news events 2024 © 2021 Audacy, Inc. News & Politics News False https://

Beyond the Money
Maximizing Your Social Security Benefits

Beyond the Money

Play Episode Listen Later Jan 21, 2025 18:24


This week, Jackie Campbell delves into the intricacies of Social Security benefits, retirement planning, and the differences between 401(k) and IRA accounts. She emphasizes the importance of understanding when to claim Social Security, the potential changes to the system, and how to navigate the transition into retirement. Additionally, the discussion covers the significance of comprehensive financial planning, including tax efficiency and investment strategies, to ensure a secure retirement. For more information or to schedule a consultation call 352-251-1015 or visit www.mycampbellandco.com!See omnystudio.com/listener for privacy information.

Retirement Secrets with Patrick McNally
#150 Eliminate Taxes on Social Security Benefits? Windfall Elimination Provision Eliminated!! LA Fires and Insurance Issues

Retirement Secrets with Patrick McNally

Play Episode Listen Later Jan 21, 2025 51:16


Questions About Your Financial Planning? Schedule a FREE Discovery Call: HERE's my calendar   Join the Retirement Lifestyles Inner Circle: www.PatrickMcNally.com   Facebook: https://www.facebook.com/RetirementLifestylesAdvisors/ Instagram: @Retirement_Lifestyles_Advisors LinkedIn: https://www.linkedin.com/in/theretirementincomeadvisor/ Twitter: @The_McNally Questions? Call or Text 530-319-5158   Disclosures Information presented is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the host on the date of publication and are subject to change. All information is based on sources deemed to be reliable, but no warranty or guarantee is made as to its accuracy or completeness. Financial calculations are based on various assumptions that may never come to pass. All examples are hypothetical and are for illustrative purposes only. Charts, graphs, and references to market returns do not represent the performance achieved by Retirement Lifestyles Advisory Group or any of its advisory clients. Content should not be construed as personalized investment advice, nor should it be interpreted as an offer to buy or sell any securities mentioned. A professional advisor should be consulted before implementing any of the strategies presented. Past performance may not be indicative of future results. All investment strategies have the potential for profit or loss. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for an investor. In addition, there can be no assurances that an investor's portfolio will match or outperform any particular benchmark. Asset allocation and diversification do not assure or guarantee better performance and cannot eliminate the risk of investment losses. The social security, tax, legal, and estate planning information provided is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Retirement Lifestyles Advisory Group is not affiliated or endorsed by the Social Security Administration of the United States. Case studies are for illustrative purposes only and should not be construed as testimonials. Every investor's situation is different, and goals may not always be achieved. Retirement Lifestyles Advisory Group is registered as an investment advisor and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Registration as an investment advisor does not constitute an endorsement of the firm by securities regulators, nor does it indicate that the advisor has attained a particular level of skill or ability.

Coffee with Your Retirement Coach
What You Need to Know About The Social Security Fairness Act

Coffee with Your Retirement Coach

Play Episode Listen Later Jan 20, 2025 31:05


In this episode of Coffee with Your Retirement Coach, President Biden's signing of the Social Security Fairness Act is analyzed for its potential benefits to retirees, especially public servants. Hosts Aaron, Randy, and Nic break down the repeal of the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), discussing who stands to benefit and how these changes might be implemented. The conversation also touches on various Social Security strategies, the importance of personalized financial planning, and how to navigate the complexities of the retirement system. Key points include timing of benefits, survivor benefits, and health considerations. 00:31 Overview of the Social Security Fairness Act 02:58 Impact on Public Servants and Financial Implications 06:23 Considerations for Social Security Retirement Benefits 08:36 Timing and Strategy for Social Security Benefits 20:11 Personal Stories and Importance of Planning 25:59 Key Takeaways and Final Thoughts Have a question for the coach? Send it in to connect@yourretirementcoach.com Connect with us on Facebook: https://www.facebook.com/search/top?q.... Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

The Power Of Zero Show
Congress Approves $200 Billion in Additional Social Security Benefits: Do You Qualify?

The Power Of Zero Show

Play Episode Listen Later Jan 15, 2025 6:28


This episode looks at whether you qualify or not for the $200 billion Social Security benefits approved by the U.S. Congress. Host David McKnight shares that, with the current status quo, the Social Security Trust Fund is on pace to go bust by 2033. If that were to happen, only about 83% of benefits would be paid out…  If signed into law by President Joe Biden, the Social Security Fairness Act would provide an additional $200 billion in Social Security benefits to nearly 2.8 million Americans over the next 10 years. The Social Security Fairness Act would eliminate two policies that have reduced benefits for public service employees: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). The people most likely to be affected by the elimination of these two provisions are about 28% of state and local government employees who are covered by alternative retirement systems and permanent civilian federal employees hired prior to January 1, 1984. U.S. Senators Sherrod Brown (Ohio) and Susan Collins (Maine), co-sponsors of the Social Security Fairness Act, believe that the WEP and GPO have historically penalized people for choosing to serve their communities by dramatically reducing Social Security benefits.  While David believes that Americans should get their due when it comes to their Social Security benefits, he wonders whether this is something that America can really afford… According to the Nonpartisan Committee for a Responsible Federal Budget, the passage of the bill in question will accelerate the insolvency of the Social Security Trust Fund by six months. David sees the Social Security Fairness Act and its repercussions on Americans as “yet another unfunded obligation on the balance sheet of the Federal Government.”     Mentioned in this episode: David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Congressional Budget Office President Joe Biden U.S. Congress U.S. Senate Senator Sherrod Brown (Ohio) Senator Susan Collins (Maine) CBS News Committee for a Responsible Federal Budget

Plan Your Federal Retirement Podcast
How Does a CSRS Pension Affect Social Security Benefits?

Plan Your Federal Retirement Podcast

Play Episode Listen Later Jan 14, 2025 9:04 Transcription Available


Retirement Elevated Podcast with Sean Lee
Maximize Your Social Security Benefits: A Real Life Case Study

Retirement Elevated Podcast with Sean Lee

Play Episode Listen Later Jan 9, 2025 18:44


Everyone wants to know how to maximize their Social Security benefits. It's a question that comes up nearly every time we meet with someone. While the simple answer is to wait as long as possible to get the largest monthly benefit, the strategy that you should choose needs to take your entire financial picture into account. In this episode, we're going to share a Social Security case study where a couple we worked with wanted to retire at 63 and 62 but originally planned to claim Social Security at full retirement age of 67. We're going to break down the details of their financial situation and explain why the math eventually told them to take their benefits as soon as they retire. Here's what we discuss in this episode: 0:00 – Intro 2:47 – Case study details 6:14 – Taking Social Security immediately 12:20 – Social Security Fairness Act 16:08 – Final takeaway   Schedule a 15-minute consultation:  https://calendly.com/erg-slc/15minutediscoverycall Get your free copy of "Rounding Third:"  http://rounding-third.elevatemyretirement.com/

Your Retirement Elevated Podcast
Will Social Security Benefits Be Slashed 40% For High-Income Earners?

Your Retirement Elevated Podcast

Play Episode Listen Later Jan 2, 2025 13:55


In today's episode, Scott breaks down a recent Social Security solvency proposal that suggests a 40% reduction in benefits for high-income earners. Proposed by the American Enterprise Institute, this plan targets wealthier individuals to bear the brunt of reductions, allowing lower-income retirees to face less drastic cuts. Scott weighs in on whether this proposal is likely to gain traction and examines broader challenges facing the Social Security system. He'll also share what the potential adoption of a proposal like this could mean for the future of retirement planning. Here's what we cover in this episode: 0:00 – Intro 1:28 – Social Security proposal 3:05 – Challenges in the Social Security system 5:39 – How does this impact financial planning? 9:40 – Staying educated and communicating with your advisor   Social Security Reform Article: https://www.fa-mag.com/news/social-security-reform-proposal-would-slash-benefits-40--for-high-earners-80419.html?section=131&utm_source=FA+Magazine&utm_campaign=e6e275dc58-FAN_Retirement_Allspring+Lead+Gen_112524+GTG&utm_medium=email&utm_term=0_-02ce404ce3-244628203 Want to connect with us?   Web: https://listentoscott.com/ Schedule a call: https://elevatemyretirement.com/contact/ or 913-393-4724   Watch the show on YouTube: https://bit.ly/3RiT7Ky

Money Matters With Wes Moss
How Retirees Can Optimize Their Social Security Benefits with Mary Beth Franklin

Money Matters With Wes Moss

Play Episode Listen Later Dec 31, 2024 65:01


Whether you're 25 or nearing retirement age, you'll learn something new about how to maximize social security and plan for the future in today's show. Wes introduces you to Mary Beth Franklin, one of the country's leading specialists on social security and Medicare and a popular guest on Wes's Retire Sooner podcast. In this conversation, Mary Beth answers questions such as, why do you think Social Security has become so confusing and difficult for so many people to make sense of as they get ready to retire? What are some actionable steps to take right now to prepare for or maximize their social security? And what you need to know when it comes to spouses and social security.

The Retirement and IRA Show
Social Security Benefits, IRMAA, RMDs, Annuities, and Beneficiaries: Q&A #2452

The Retirement and IRA Show

Play Episode Listen Later Dec 28, 2024 117:53


Jim and Chris discuss listener and forum questions relating to Social Security benefits, IRMAA, RMDs, annuities, and beneficiaries. Chris kicked off the episode with a bold dare, promising listeners the “best show of the year” since it's the last one for 2024. Jim took the challenge seriously, turning it into a record-breaking two-hour extravaganza with […] The post Social Security Benefits, IRMAA, RMDs, Annuities, and Beneficiaries: Q&A #2452 appeared first on The Retirement and IRA Show.

Your Money, Your Wealth
When to Claim Social Security and the Truth About Annuities - 509

Your Money, Your Wealth

Play Episode Listen Later Dec 24, 2024 43:08 Transcription Available


When should Richie and Heather and Rebecca and Sam collect their Social Security benefits? Why is Dan's benefit so much higher than his wife's? PWare has a Roth conversion case for claiming Social Security AFTER age 70, and Jerry wonders how Donald Trump's plan to stop taxing Social Security could impact claiming strategies. Plus, Joe rants about Rebecca and Sam's $1 million single premium deferred indexed annuity, and the fellas also spitball on their Roth conversion and retirement strategy and how much is too much when it comes to paying advisor fees. Access free financial resources and the episode transcript: https://bit.ly/ymyw-509   DOWNLOAD the Social Security Handbook CALCULATE your free Financial Blueprint online SCHEDULE your free Financial Assessment with an experienced professional Ask Joe & Big Al for your Retirement Spitball Analysis SUBSCRIBE: YMYW on YouTube DOWNLOAD: more free guides READ: financial blogs WATCH: educational videos SUBSCRIBE: YMYW Newsletter Timestamps: 00:00 - Intro: This Week on the YMYW Podcast 01:00 - When Should We Take Social Security? Should We Convert Our IRAs to Roth? (Richie & Heather, ID - voice) 09:04 - Download the Social Security Handbook 10:01 - What Should I Do With a $1M Single Premium Deferred Indexed Annuity? When Should We Take Social Security? Is 2% Advisor Fee Excessive? (Rebecca and Sam, VA) 28:03 - Calculate your Financial Blueprint online, Schedule an Assessment with a financial professional 29:25 - Why Is My Spouse's Social Security Benefit So Much Lower Than Mine? (Dan) 30:51 - The Roth Conversion Case for Drawing Social Security After Age 70 (P Ware, YouTube) 36:55 - Would Tax-Free Social Security Income Impact Claiming Strategies? (Jerry, Phoenix, AZ) 42:08 - Outro: Next Week on the YMYW Podcast

MPR News Update
Public employees in Minnesota may gain Social Security benefits. NewRange Copper Nickel facility wraps up construction

MPR News Update

Play Episode Listen Later Dec 23, 2024 4:53


About 21,000 public employees in Minnesota may soon be eligible to receive Social Security benefits. On Saturday, the U.S. Senate passed the Social Security Fairness Act. If signed by President Joe Biden, the bill would allow police officers, letter carriers, firefighters and other public employees to receive a public pension and Social Security benefits.And NewRange Copper Nickel has wrapped up work on a $20 million salvage operation at its facility in northeastern Minnesota as the company continues to prepare for a possible mine.This is a MPR News morning update, hosted by Phil Picardi. Music by Gary Meister.Find these headlines and more at mprnews.org.Twenty years after first proposed, NewRange still vying to build Minnesota's first copper mineRead the latest edition of the Minnesota Today newsletter.Subscribe on Apple Podcasts, Spotify, YouTube or RSS.

CBS This Morning - News on the Go
Potential Changes in Social Security Benefits Could Impact Millions | Idris Elba on Returning as Knuckles in "Sonic the Hedgehog 3"

CBS This Morning - News on the Go

Play Episode Listen Later Dec 17, 2024 35:48


Police say a teacher and a student were killed in a school shooting on Monday at Abundant Life Christian School in Madison, Wisconsin. Six others were injured. The alleged shooter, a 15-year-old girl, was also found dead.White House National Security Adviser John Kirby discusses on "CBS Mornings" the latest about the mysterious drones now reported in at least six states and what the federal government knows.Congress is expected this week to vote on billions of dollars of aid for communities damaged by hurricanes and floods earlier this year. The Small Business Administration warned in October that the fund for emergency federal loans was depleted and the Biden administration formally requested nearly $100 billion. However, both parties agreed to leave Washington ahead of Election Day without approving new money.Many Americans could soon see a change in their Social Security benefits. As early as Tuesday, the Senate could vote on a bipartisan bill that would repeal certain benefit reductions for millions of retirees and their spouses. CBS News business analyst Jill Schlesinger explains.Food safety advocates have pushed for decades to outlaw Red No. 3, an artificial dye linked to potential cancer risks. California will be the first state to restrict its use in foods starting in 2027. CBS News medical contributor Dr. Celine Gounder weighs in.The highly anticipated "Sonic the Hedgehog 3" hits theaters this Friday, introducing a fierce new enemy, Shadow. Six-time Emmy nominee Idris Elba reprises his role as Knuckles and shares how he got back up to speed for the action-packed sequel.The New York Times called comedian Nikki Glaser "comedian of the year" for her knockout HBO special, "Someday You'll Die." It received Emmy, Grammy and Golden Globe nominations. And now, Glaser is taking on a new project — hosting the Golden Globes. She joins "CBS Mornings."See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

AP Audio Stories
Senate begins final push to expand Social Security benefits for millions of people

AP Audio Stories

Play Episode Listen Later Dec 13, 2024 0:38


AP correspondent Norman Hall reports the U.S. Senate could soon take up an expansion of Social Security elgibility.

Haws Federal Advisors Podcast
What is the Difference Between Spousal and Survivor Social Security Benefits?

Haws Federal Advisors Podcast

Play Episode Listen Later Dec 6, 2024 6:53


Free Copy of My Book: Building Wealth In the TSP: Your Road Map To Financial Freedom as A Federal Employee: https://app.hawsfederaladvisors.com/free-tsp-e-book FREE WEBINAR: "The 7 Biggest FERS Retirement Mistakes": https://app.hawsfederaladvisors.com/7biggestmistakeswebinar Want to schedule a consultation? Click here: https://hawsfederaladvisors.com/work-with-us/ Submit a question here: https://app.hawsfederaladvisors.com/question-submission I am a practicing financial planner, but I'm not your financial planner. Please consult with your own tax, legal and financial advisors for personalized advice.

Jeff Caplan's Afternoon News
A new budget proposal from Governor Spencer Cox plans to eliminate the state tax on social security benefits.

Jeff Caplan's Afternoon News

Play Episode Listen Later Dec 5, 2024 6:46


Governor Spencer Cox's new budget proposal plans to eliminate the state tax on social security benefits. Joining me live is Joe Hirabayashi... the Utah advocacy director with AARP.

Investor Coaching Show – Paul Winkler, Inc
Why Can an Ex-Spouse Take Social Security Benefits from a Previous Marriage?

Investor Coaching Show – Paul Winkler, Inc

Play Episode Listen Later Dec 2, 2024 9:01


Paul got a question today from a listener who wants to know how an ex-spouse can take benefits when they did not work and are no longer married to the working spouse. Listen along as Paul uses this question to explain an important aspect of social security that is usually misunderstood: Social Security is not a personal account you build up. It is a benefit earned through work history and tax payments. When you are married and filing jointly, both partners are growing their social security benefits.    For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Reverse Mortgage News by HECMWorld
E853: Here's why homeowners may be overconfident in their retirement preparedness.

Reverse Mortgage News by HECMWorld

Play Episode Listen Later Nov 18, 2024 8:07


[CNBC] Here's why homeowners may be overconfident in their retirement preparedness. [Money Wise] A 73-year-old with $27K in annual healthcare expenses looks to tap home equity safely. [The Motley Foot] Here's how much Social Security Benefits & Medicare premiums will increase in 2025. Watch our video podcast here!

The Retirement and IRA Show
Social Security Benefits, Roth Conversions, and RMDs: QA #2446

The Retirement and IRA Show

Play Episode Listen Later Nov 16, 2024 71:15


Jim and Chris discuss listener questions relating to Social Security, Roth conversions, and RMDs. (11:00) George wonders if his wife is eligible for Social Security benefits while taking care of an adult disabled child even if he is still working and has not applied for SS yet. (19:00) Chris tackles an interesting Social Security survivor […] The post Social Security Benefits, Roth Conversions, and RMDs: QA #2446 appeared first on The Retirement and IRA Show.

A Better Way Financial Podcast
Exploring The Misconceptions About Social Security

A Better Way Financial Podcast

Play Episode Listen Later Nov 12, 2024 11:34


Frank and Frankie continue the discussion on Social Security and the various ways to claim benefits, the importance of timing, and strategies to maximize income during retirement. They emphasize how comprehensive financial planning can help make informed decisions about when to start receiving Social Security to best individual circumstances. Connect with the team at A Better Way Financial  to get a second opinion on your retirement plan today! Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”See omnystudio.com/listener for privacy information.

Confluence Podcasts
Asset Allocation Bi-Weekly -The Inflation Adjustment for Social Security Benefits in 2025 (10/28/24)

Confluence Podcasts

Play Episode Listen Later Oct 28, 2024 11:52 Transcription Available


The inflation adjustment for 2025 Social Security benefits has been announced, but do the financial markets even care? Confluence Associate Market Strategist Daniel Ortwerth joins Phil Adler to discuss the impact on markets and portfolios.

Facts Matter
5 Big Changes to Social Security Benefits in 2025 | Facts Matter

Facts Matter

Play Episode Listen Later Oct 24, 2024 7:59


The Social Security Administration just released a statement announcing five key changes that will be made to the Social Security program starting in 2025 regarding benefits, limits, and taxes. Join host Roman Balmakov on this week's episode of “Facts Matter.” Views expressed in this video are opinions of the host and guests and do not necessarily reflect the views of The Epoch Times.

Investor Coaching Show – Paul Winkler, Inc
Government Announces 2.5% Increase to Social Security Benefits in 2025. Is It Enough?

Investor Coaching Show – Paul Winkler, Inc

Play Episode Listen Later Oct 21, 2024 23:05


It is very difficult to calculate how inflation affects consumers because Americans are purchasing different products in different parts of the country. Today, Paul talks about a 2.5% raise in the COLA for 2025 and the trouble consumers are having keeping up with rising insurance and grocery store prices. Listen along as Paul shares some insight on how retirees feel the pressure of inflation and how some investing strategies can make it even worse. Later in the episode, Paul talks about emergency funds and what happens when you start to play games with your emergency fund by trying to get market returns through bonds or fixed-income investments.   For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

Retire With Purpose: The Retirement Podcast
462: Strategies to Maximize Your Social Security Benefits with Mary Beth Franklin

Retire With Purpose: The Retirement Podcast

Play Episode Listen Later Oct 14, 2024 63:45


Today, I'm talking to Mary Beth Franklin. Mary Beth is a CERTIFIED FINANCIAL PLANNER, a former Capitol Hill reporter at United Press International, and the retirement and tax editor at Kiplinger Personal Finance. She also has a new edition of her bestselling book, Maximizing Social Security Benefits, a must-read for retirees and pre-retirees. My first interview with Mary Beth was our most downloaded and most watched episode of this podcast, so I'm thrilled to have another chance to talk to her about Social Security (and if you haven't listened to that first episode, be sure to do so before diving into this one, as it covers the foundational elements of Social Security).  In today's conversation, we discussed what's changed about Social Security over the last several years, how to take advantage of these changes in your financial and retirement planning, and, of course, the future of Social Security and its potential insolvency. You'll also hear what semi-retirement looks like for Mary Beth, as she very recently semi-retired herself, and shares advice for anyone who still enjoys working in their pre-retirement years. GET A FREE ACCESS TO MARY BETH'S BOOK: MAXIMIZING SOCIAL SECURITY BENEFITS  Here's all you have to do... Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes. Step 2.) Text the word BOOK to 866-482-9559 and we'll make sure you get signed up for free. It's that simple! In this podcast interview, you'll learn: Why so many of the Social Security claiming strategies that became popular in the late 2000s have disappeared. What it would mean for Social Security to become insolvent–and why it's highly unlikely for anything to be done about it anytime soon. How your Social Security is calculated, and how to get a clear picture of what your benefits look like (or would look like) right now.  Why more people regret claiming benefits too early rather than too late. Social Security claiming strategies that haven't been eliminated by Congress, especially for divorced and widowed retirees. What Mary Beth has learned from her husbands' retirement and her own semi-retirement. Our Market Outlook Webinar is live! Visit https://bit.ly/4bmHkUb to register. Show Notes: RetireWithPurpose.com/462 Rate & Review the Podcast: RetireWithPurpose.com/review

The Retirement and IRA Show
Social Security Benefits and Roth IRA Annuities: Q&A #2441

The Retirement and IRA Show

Play Episode Listen Later Oct 12, 2024 96:32


Jim and Chris sit down to discuss listener questions relating to Social Security benefits then return to a question from last week to take a deeper look at Roth IRA Annuity payments… (18:00) A listener asks if he might be able to collect full Social Security benefits while working part-time for a local government job. […] The post Social Security Benefits and Roth IRA Annuities: Q&A #2441 appeared first on The Retirement and IRA Show.

The Dana & Parks Podcast
D&P Highlight: Nearly 3 in 4 are worried about the future of social security benefits.

The Dana & Parks Podcast

Play Episode Listen Later Sep 23, 2024 5:42


D&P Highlight: Nearly 3 in 4 are worried about the future of social security benefits. full 342 Mon, 23 Sep 2024 18:58:56 +0000 mHNxsXuAgd9UsUuvQbbaicwAKSt9X1OB news The Dana & Parks Podcast news D&P Highlight: Nearly 3 in 4 are worried about the future of social security benefits. You wanted it... Now here it is! Listen to each hour of the Dana & Parks Show whenever and wherever you want! 2024 © 2021 Audacy, Inc.

Big Picture Retirement
Listener Voicemails: Super-funding 529s, Sophisticated Trusts, and Boosting Social Security Benefits

Big Picture Retirement

Play Episode Listen Later Sep 3, 2024 46:04


In this episode, we're answering more listener voicemails about Social Security, gifting money, and estate planning. First, we help a listener who's trying to figure out the best way to maximize his wife's Social Security benefits. He's getting close to his full retirement age in 2025 and wants to make sure they get the most out of their benefits. Next, we talk about a question regarding "superfunding" a 529 plan. A listener's mom wants to contribute a large amount upfront for her niece's education, but they're worried about potential gift taxes if the rules change in 2026. We explain how the rules work and what to consider. Lastly, we hear from a listener who recently moved to the Mississippi Gulf Coast and is looking for an advanced estate planning attorney. He's got a solid estate plan but wants to make sure it's as sophisticated as it needs to be, especially regarding trusts. If you're curious about Social Security strategies, gifting, or refining your estate plan, this episode has plenty of useful information to help you make the right choices. Tune in for straightforward advice and practical tips! If you're thinking, "I love the Big Picture Retirement podcast!” please consider rating and reviewing this show! This helps us support more people -- just like you -- move toward a confident retirement. Just scroll down to the “ratings and reviews” section, tap to rate with five stars, and select “Write a Review.” Then be sure to let us know what you loved most about the episode! Also, if you haven't done so already, follow the podcast. We add new content every week, and if you're not following, you'll likely miss out. Follow now!  Don't miss the Big Picture Retirement Planning Cheat Sheet. We've distilled the essential brackets, thresholds, and rules of retirement into an easy-to-digest, three-page summary. https://www.carrolladvisory.com/pl/2148282517  Want to ask Devin or John your question? Just visit https://www.bigpictureretirement.com/ and click on the “Ask A Question” menu selection.  Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.  Contact Devin's team at https://www.carrolladvisory.com/  Contact John's team at https://www.rossandshoalmire.com/   

Dark Side of Wikipedia | True Crime & Dark History
New York Woman Accused of Hiding Boyfriend's Body in Recycling Bin for Months While Fraudulently Collecting Social Security Benefits

Dark Side of Wikipedia | True Crime & Dark History

Play Episode Listen Later Aug 19, 2024 9:54


A 63-year-old New York woman, Wendy Stone, has been accused of hiding her deceased boyfriend's body in a recycling bin in the basement of their Rochester home for months while continuing to collect his Social Security benefits. Stone allegedly poured bleach on the remains periodically to mask the odor and used the funds for personal expenses, including restaurant meals, shopping sprees, and ATM withdrawals. The U.S. Attorney's Office announced on Monday that Stone has been charged with theft of government funds, aggravated identity theft, and making false statements to obtain Social Security benefits. These charges could result in up to 10 years in prison and a $250,000 fine. According to federal court documents, the case began when Stone's boyfriend, Kenneth Crisman, requested a replacement debit card for his Social Security benefits just days before his death on December 28, 2022. After discovering Crisman's body, Stone allegedly decided to keep his death a secret to continue receiving his benefits. She wrapped his body in plastic, placed it in a recycling bin, and hid it in the basement, authorities say. Court documents reveal that Stone activated Crisman's debit card on January 6, 2023, and began using it for purchases the next day. Over the following months, she is accused of spending nearly $8,000 of Crisman's benefits on items from Walmart, The Home Depot, and Staples, as well as making multiple ATM withdrawals. Surveillance footage captured Stone and her son shopping at a Walmart in Greece, New York, on August 10, 2023. She was also seen withdrawing cash from an ATM on June 6, 2023. Stone even opened a Rent-A-Center account using Crisman's benefits in March 2023. In January 2024, during a Social Security Administration review, Stone allegedly lied about her living situation, claiming no one had moved in or out of her residence since December 2021, including births or deaths. This false statement, combined with her use of Crisman's benefits, rendered her ineligible for her own Social Security benefits during that period. Neighbors expressed shock at the allegations, describing their neighborhood as generally peaceful. Stone is not currently facing any charges related to Crisman's death. Want to listen to ALL of our podcasts AD-FREE? Subscribe through APPLE PODCASTS, and try it for three days free: https://tinyurl.com/ycw626tj Follow Our Other Cases: https://www.truecrimetodaypod.com The latest on The Downfall of Diddy, The Trial of Karen Read, The Murder Of Maddie Soto, Catching the Long Island Serial Killer, Awaiting Admission: BTK's Unconfessed Crimes, Delphi Murders: Inside the Crime, Chad & Lori Daybell, The Murder of Ana Walshe, Alex Murdaugh, Bryan Kohberger, Lucy Letby, Kouri Richins, Malevolent Mormon Mommys, Justice for Harmony Montgomery, The Murder of Stephen Smith, The Murder of Madeline Kingsbury, and much more! Listen at https://www.truecrimetodaypod.com

Hidden Killers With Tony Brueski | True Crime News & Commentary
New York Woman Accused of Hiding Boyfriend's Body in Recycling Bin for Months While Fraudulently Collecting Social Security Benefits

Hidden Killers With Tony Brueski | True Crime News & Commentary

Play Episode Listen Later Aug 19, 2024 9:54


A 63-year-old New York woman, Wendy Stone, has been accused of hiding her deceased boyfriend's body in a recycling bin in the basement of their Rochester home for months while continuing to collect his Social Security benefits. Stone allegedly poured bleach on the remains periodically to mask the odor and used the funds for personal expenses, including restaurant meals, shopping sprees, and ATM withdrawals. The U.S. Attorney's Office announced on Monday that Stone has been charged with theft of government funds, aggravated identity theft, and making false statements to obtain Social Security benefits. These charges could result in up to 10 years in prison and a $250,000 fine. According to federal court documents, the case began when Stone's boyfriend, Kenneth Crisman, requested a replacement debit card for his Social Security benefits just days before his death on December 28, 2022. After discovering Crisman's body, Stone allegedly decided to keep his death a secret to continue receiving his benefits. She wrapped his body in plastic, placed it in a recycling bin, and hid it in the basement, authorities say. Court documents reveal that Stone activated Crisman's debit card on January 6, 2023, and began using it for purchases the next day. Over the following months, she is accused of spending nearly $8,000 of Crisman's benefits on items from Walmart, The Home Depot, and Staples, as well as making multiple ATM withdrawals. Surveillance footage captured Stone and her son shopping at a Walmart in Greece, New York, on August 10, 2023. She was also seen withdrawing cash from an ATM on June 6, 2023. Stone even opened a Rent-A-Center account using Crisman's benefits in March 2023. In January 2024, during a Social Security Administration review, Stone allegedly lied about her living situation, claiming no one had moved in or out of her residence since December 2021, including births or deaths. This false statement, combined with her use of Crisman's benefits, rendered her ineligible for her own Social Security benefits during that period. Neighbors expressed shock at the allegations, describing their neighborhood as generally peaceful. Stone is not currently facing any charges related to Crisman's death. Want to listen to ALL of our podcasts AD-FREE? Subscribe through APPLE PODCASTS, and try it for three days free: https://tinyurl.com/ycw626tj Follow Our Other Cases: https://www.truecrimetodaypod.com The latest on The Downfall of Diddy, The Trial of Karen Read, The Murder Of Maddie Soto, Catching the Long Island Serial Killer, Awaiting Admission: BTK's Unconfessed Crimes, Delphi Murders: Inside the Crime, Chad & Lori Daybell, The Murder of Ana Walshe, Alex Murdaugh, Bryan Kohberger, Lucy Letby, Kouri Richins, Malevolent Mormon Mommys, Justice for Harmony Montgomery, The Murder of Stephen Smith, The Murder of Madeline Kingsbury, and much more! Listen at https://www.truecrimetodaypod.com

The Retirement and IRA Show
Social Security Benefits, Inherited IRA RMDs, Timing RMDs with QCDs: Q&A #2433

The Retirement and IRA Show

Play Episode Listen Later Aug 17, 2024 80:24


Jim and Chris sit down to discuss listener questions relating to child-in-care benefits, delayed retirement benefits, Inherited IRA RMDs, and timing RMDs and QCDs.   (4:30) A listener wonders if she should have been collecting child-in-care benefits over the last 20 years of caring for her disabled son. (11:00) Georgette recalls Chris speaking about delayed […] The post Social Security Benefits, Inherited IRA RMDs, Timing RMDs with QCDs: Q&A #2433 appeared first on The Retirement and IRA Show.