Getting The Most Out Of Social Security - Whether You're Taking It Now Or Later | Mary Beth Franklin
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Whether you’re currently a senior citizen or hope to live long enough to become one some day, funding our elder years is becoming a bigger & bigger challenge.
For many if not most Americans, Social Security will serve as the bedrock foundation for the income they can expect to receive later in life.
But how does that program work exactly?
What are the pitfalls and the best practices we should be aware of in deciding when and how to enroll in it?
And for those currently not yet seniors, will there even be a Social Security program to rely on by the time we are?
To provide answers to these and many more of the surprisingly tricky questions around Social Security, we’re fortunate to speak with certified financial planner Mary Beth Franklin – author of the book “Maximizing Your Social Security Retirement Benefits”
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#socialsecurity #retirement #seniors
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
0:00 Intro
1:55 How Well Prepared Are Americans?
11:25 Making Up the Social Security Funding Gap
19:00 How Social Security Works
37:30 Redeeming Your Benefits
45:55 Claiming Your Spousal & Additional Benefits
1:03:50 Follow Mary Beth
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