Categories
Retirement Planning

66 Years Old, $3 Million + Pension – When to Take Social Security [Video]

Rick has plenty of retirement assets but he still need some retirement and estate planning. In this video we’ll discuss how to hold assets and how to pass assets on through estate planningMy Books:: 1. The Power of a Tribe: https://www.amazon.com/dp/B096TWBDM3/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1623414076&sr=8-1 2. FIND HAPPINESS BY DISCOVERING Who YOU ARE AND Why YOU ARE YOU by Kerry Grinkmeyer https://amzn.to/2WphaLS3. Tall Grass – My Journey to Discover Myself https://amzn.to/3AooSasSupport Children’s of Alabama: https://secure2.convio.net/coa/site/Donation2;jsessionid=00000000.app260a?idb=1326452675&2683.donation=form1&DONATION_LEVEL_ID_SELECTED=1&df_id=2683&mfc_pref=T&NONCE_TOKEN=8EC977828AF9F0075A041659B9E7FBD9&idb=0 This is a Link to: Retirement “Do We Have Enough?’ Excel Spreadsheet https://docs.google.com/spreadsheets/d/1eJc0wQWhgeXJ7M52UcrrXjLaELbTLuMZHZGY_JpfyRY/edit?usp=sharingProtect your computer from cyber hacking:Get Surfshark VPN at https://surfshark.deals/INVESTORS and enter promo code INVESTORS for 83% off and 3 extra months for free! Follow Me: Facebook: https://www.facebook.com/BestofUSLLC/Instagram: https://www.instagram.com/bestofusinvestors/Twitter: https://twitter.com/BestOfUsInvestHelp Kerry and Nita win the race against Childhood Cancer and keep their daughter Shay’s memory alive. Your support makes a direct impact in the fight against Pediatric Cancer at Children’s of Alabama by helping advance research in finding a cure for cancer. http://give.childrensal.org/bestofusAbout Me: I am a retired financial planner, sold my business in 2005 and travelled the world. In December 2014 Nita and I lost our daughter Shannon to cancer and I became an angry old man. Nita told me to find something to do or find somewhere else to live.In November 2019 I settled into this YouTube channel, a place where I can share my knowledge with people that want to hear my voice; where I can feel I have a purpose in life. I am no longer angry and I owe that to you. Now I’m building a $25 million digital business, come join me on this adventure.Thank you for what you, my viewers, give me every day.The Anti-Aging Supplement that I take: 4 Pack NMN Capsules with Maximum Strength- 500mg- High Absorption Nicotinamide Mononucleotide Supplement- Supports Brain Function & Anti Agingby NMN MAX https://amzn.to/3aG4QNeLearned about NMN in book Lifespan by David Sinclair, https://amzn.to/3qVPPhXFITBIT Versa 3 Health and Fitness Smartwatch:https://www.amazon.com/gp/product/B08DFPV5Y2/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B08DFPV5Y2&linkCode=as2&tag=bestofushomes-20&linkId=14033c1ca7e70a49f26987cac2b3d2b1RECOMMENDED BOOKS (Affiliate Links)1. The Accidental Super Power by Peter Zeihan: https://amzn.to/3dEl9tL2. The Big Nine by Amy Webb: https://amzn.to/2yOJmPe3. Supercharge Your Real Estate Sales by Kerry: https://amzn.to/2WqsUh94. Digital Transformation, Survive and Thrive in an Era of Mass Extinction by Thomas M Siebel: https://amzn.to/3bqSjvx5. DisUnited Nations, The Scramble for Power in an Ungoverned World by Peter Zeihan: https://amzn.to/2yFCpQJ 6. The Future is Faster Than You Think By Peter Diamandis and Steven Kotler https://amzn.to/2LnHu2K7. FIND HAPPINESS BY DISCOVERING Who YOU ARE AND Why YOU ARE YOU by Kerry Grinkmeyer https://amzn.to/2WphaLS8. A Crack in Creation, by Jennifer Doudna and Samuel Sternberg https://amzn.to/3qN2JhI9. A Generation of Sociopaths, by Bruce Cannon Gibney https://amzn.to/3amkNIc10. The Industries of The Future, by Alec Ross: https://amzn.to/30eP3QB

Categories
New Parents

Social Security – Help your clients navigate Social Security [Video]

Social Security – Learn about the Nationwide Retirement Institute Social Security 360® program that offers an end-to-end client-ready solution that combines education on Social Security, a suite of client engagement materials, a comprehensive tool for guiding well-informed filing decisions and broad support for answering commonly asked questions and developing income plans. For more please visit https://nationwidefinancial.com/nationwide-retirement-institute/social-security-planning

Categories
Retirement Planning

Medicare, Social Security, and FIRE Early Retirement – Your Money, Your Wealth® podcast 348 [Video]

Today on Your Money, Your Wealth® podcast 348 with Joe Anderson, CFP® and Big Al Clopine, CPA, how to calculate your modified adjusted gross income (MAGI) for Medicare IRMAA (Medicare Income-Related Monthly Adjustment Amount), calculating your Social Security benefit when you’re planning to FIRE (that is, reach Financial Independence and Retire Early), calculating family Social Security benefits when you have minor children, and devising a strategy to qualify for the Obamacare Affordable Care Act subsidy. Plus, doing Roth conversions prior to early retirement, and untangling stock options, long-term incentives, and restricted stock units. Show notes, free resources, Ask Joe & Al On Air: https://bizlink.to/ymyw-34800:00 – Intro00:52 – How is MAGI Calculated for IRMAA – Medicare Income-Related Monthly Adjustment Amount? (Robert, MN) 08:56 – Register for the Medicare Made Clear webinar on Wed 10/20: https://event.webinarjam.com/register/206/1nyk9iqz09:46 – Family Social Security Benefits and the Affordable Care Act Subsidy (Edward, VA)15:51 – Calculating Social Security When Planning FIRE: Financial Independence, Retire Early (Marcos, Kansas City) 21:38 – Download the Social Security Handbook for free: https://purefinancial.com/white-papers/social-security-handbook/?utm_source=youtube.com&utm_medium=podcast&utm_campaign=YMYWSchedule a free financial assessment: https://purefinancial.com/lp/free-assessment/?utm_source=youtube.com&utm_medium=podcast&utm_campaign=YMYW22:28 – Roth Conversion Strategy Before Early Retirement (Annie, TX) 33:01 – Long-Term Incentives (LCIs), Stock Options, and Restricted Share Units (RSUs) (Tim, PA)Schedule a free assessment with any one of our professionals, either online or at one of our financial planning offices in San Diego, Brea, Irvine, and Woodland Hills, California: http://bit.ly/PureAssessmentSubscribe to our YouTube channel and stay tuned for the next episode of the Your Money, Your Wealth® TV show: http://bit.ly/YMYW-YouTubeSubscribe to the YourMoney, Your Wealth® podcast: https://link.chtbl.com/ymyw?sid=yIMPORTANT DISCLOSURES:• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations.• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.CFP® – The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation. AIF® – Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.#SocialSecurity #Medicare #Early Retirement

Categories
Retirement Planning

3 Important Things About Social Security Early Retirement [Video]

Social Security early retirement serves as a vital source of income. The dilemma is the same with everyone: the earlier you take it, the less you will receive; but you don’t want to wait too long. When you should access Social Security depends on your unique circumstances.The information below will give you an idea of if you should seek Social Security early retirement. Keep reading for some advice on what is the best course of action for you and your family.Read the full recap here: https://intelliplanfinancial.com/social-security-early-retirement/Social Security Planning: https://intelliplanfinancial.com/individual-family-services/social-security-planning/Visit Us: https://intelliplanfinancial.comIntelliplan Financial is a financial advisor and certified fiduciary in Columbus Ohio. We help people maximize their retirement income, or adjust their income later in life to received the most benefits available. Contact us in order to receive a free evaluation of your current outlook and discover ways to increase your retirement dividend.

Categories
Retirement Planning

My Social Security Account Online | Retirement Planning [Video]

https://www.ssa.gov/https://www.ssa.gov/myaccount/https://www.ssa.gov/benefits/retirement/planner/applying7.htmlPrizePool. Get a 10% bonus on all your prizes by using my referral link. Use code 4B9N7 https://links.getprizepool.com/GycWOE2TmbbHow much will you increase your positive cash flow over the next 30 days?!Take the 30-day challenge to increase your cash flow! https://www.financialselfreliance.net/30-day-challengeMaster your finances from A-Zhttps://www.financialselfreliance.net/self-mastery-courseContact me for coaching hello@financialselfreliance.netGet FREE* stocks!Open a Webull account and make an initial deposit of $100 or more and get free stocks https://act.webull.com/ro/J7AhmHGKdL2o/wjm/inviteUs/recommend_1537_A_popI don’t drink coffee but I wouldn’t mind a hot chocolate 😉https://www.buymeacoffee.com/FinSelfRelianceJoin M1 Finance and get $10https://m1.finance/fJJY7ijyUT2cPersonal Capital https://pcap.rocks/paris1*****Yotta Savings use code PARIS2 : https://withyotta.page.link/xX4KPUNzvnJdscwm7*****Have you ever logged into your Social Security account online?Are you doing some retirement income planning? Social Security is something that we have have been told for years that is a significant part of our retirement planning. We need to know what our benefit will be and how it calculates into the whole over all retirement plan.*****00:00 – Intro.00:51 – My Social Security Email01:30 – SSA.gov 02:28 – My Social Security portal.05:34 – My Social Security statement.10:22 – Retirement calculator with Social Security.*****Once you have learned to live within your means, it’s time to grow your means!Financial education is vital to reaching financial freedom and financial independence. Personal finance is not taught in schools so you are left to learn on your own and hope to reach your financial goals. Subscribe to this channel to increase your financial literacy.If you want to know more, reach out to us.hello@FinancialSelfReliance.net*****Facebookhttps://www.facebook.com/financialselfreliance/*****F$R Mission Statement:To help individuals and families develop empowering beliefs and emotions about money and teach them the necessary skills to become self-reliant, build wealth, and live a life of abundance.*****Disclaimer.The videos on this channel are for educational and general informational purposes only and are not intended to provide specific advice or recommendations for any individual. As such, it should not take the place of consulting with a certified financial planner, CPA (or other tax professional), legal, or other financial advisor. While we try to provide accurate and timely information, it may not be suitable for your specific personal scenario or specific circumstances. I am a financial professional but without knowing your specific information you should consider what you learn here as general advice. If you want specific advice and coaching please contact us at hello@financialselfreliance.net. I am not a tax, legal or investment advisor representative.Our coaching is based on the data and research found in the books The Millionaire Next Door, The Next Millionaire Next Door, and The Millionaire Mind by Thomas J. Stanley and Sarah Fallaw. It is also based on 20 years of my personal experience working with money.*If you use the referral links above, I will also get FREE stock. Thank you for using the referral codes.#FinancialSelfReliance #FinancialEducation #FinancialIndependence #FinancialLiteracy #FinancialFreedom #MoneyMatters #FinancialPlanning #passiveincome #wealthformula #moneymanagement

Categories
Long-Term Care Planning

Understand Medicaid’s 5 Year Look Back Period with Benefit Results [Video]

When a senior is applying for long-term care Medicaid, whether that is for services in one’s home, an assisted living residence, or a nursing home, there is an asset (resource) limit. In order to be eligible for Medicaid, one cannot have assets greater than the limit ( there are rules for single and married applicants) . Medicaid’s look-back period is meant to prevent Medicaid applicants from giving away assets or selling them under fair market value in an attempt to meet Medicaid’s asset limit. If you are concerned about a loved one needing more care than they can afford – it is important know about benefits that can help. It is true that navigating through benefit options on your own can be quite overwhelming. Benefit Results guides their clients through benefits such as Medicare, Medicaid (ALTCS), Social Security and Veterans Benefits and offer you a clear path to secure needed benefits, avoiding unnecessary denials. For more information visit www.benefitresults.com.

Categories
Retirement Planning

End of Roth Conversions? [Video]

https://www.marketwatch.com/amp/story/congress-is-about-to-kill-this-popular-retirement-tax-move-11632861718https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/documents/SubtitleISxS.pdf================================Sign up for email list here. https://mailchi.mp/0a0c258dd676/sign-up-pageFollow me censorship-free!https://joshscandlen.locals.com/https://rumble.com/c/JoshScandlenhttps://mewe.com/i/joshscandlenMy course “Can I Retire” will help reduce your stress when it comes to retirement planning. Get it here:https://retirementplanningschool.teachable.com/p/homeand don’t forget there IS a 30 day money back guarantee if you’re not satisfied!Get my books on Audible here:https://adbl.co/35lVotFWant to support what I’m doing for $10 a month? Join my SubscribeStar page!https://www.subscribestar.com/joshscandlenMy Amazon Product page: https://www.amazon.com/shop/heritagewealthplanningAnything you buy there Amazon pays me a commission. Much appreciated!GET MY BOOKS: ALL are FREE to Kindle Unlimited Subscribers!You Can RETIRE on SOCIAL SECURITY:https://amzn.to/31xKFuNThe Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It:https://amzn.to/2LHwQptStrategic Money Planning: 8 Easy Ways To Put Your House In Orderhttps://amzn.to/2wKGi50GET ALL MY LATEST BLOGPOSTS:https://heritagewealthplanning.com/blog/

Categories
Long-Term Care Planning

Long-Term Care Planning: What You Need To Know [Video]

On this week’s episode of Financial Planning: Explained host Michael Menninger, CFP chats with Jack Linvill, CFP. Jack is a retired Long Term Care Planner and Certified Financial Planner. Jack and Mike cover the origins of how Jack became a long term care planner, some examples of individuals who need to plan for long term care, and the costs incurred for care.

Categories
Retirement Planning

Does an Annuity make sense for me? [Video]

An informative series by Michael Eastham where he discusses a different money related question every week.Please send any questions you may have to info@fellowshipia.comVisit our website for more info:https://fellowshipfinancial.com/Schedule a FREE 15 minute call with Michael to discuss any questions further:https://calendly.com/fellowshipfinancial/15-minute-complimentary-consultation-mtwmVisit us on Social Media:https://soundcloud.com/fellowshipfinancialhttps://www.facebook.com/fellowshipfinancialgroup/https://www.linkedin.com/company/fellowshipfinancialgroupThe Retirement Income Show with Michael Eastham Podcast is now available to stream for FREE wherever you get your podcasts.Michael Eastham, CPA, PFS, is the founding Principal of Fellowship Financial Group in Maitland, Florida. Eastham has been involved in financial services for more than 25 years. He is an active member of the American Institute of CPAs and has earned their Personal Financial Specialist (PFS) designation. He has a BBA in Accounting from James Madison University and holds Series 65 & 63 securities licenses, as well as licenses in Insurance and Annuities.Eastham is the author of the bestselling book Common-Sense Income Strategies and is a recognized specialist in the areas of financial strategies, retirement planning, and asset protection. He is the host of the financial radio show, The Retirement Income Show.His companies have grown out of a passion for excellence, coupled with a desire to serve families and business owners in accomplishing their financial goals using common-sense investment strategies. Michael and his wife Vickie have four children and reside in Lake Mary, Florida.

Categories
Retirement Planning

Social Security, child tax credit payments could be delayed if Congress doesn’t raise the debt ceiling [Video]

The battle over raising the debt ceiling may seem like political gamesmanship on Capitol Hill, but it has real-life implications for tens of millions of Americans.

Categories
Long-Term Care Planning

PAYING FOR NURSING HOME COSTS — MEDICARE VS. MEDICAID [Video]

How will you or your loved ones pay for nursing home care should they need it? Will it be Medicare, Medicaid, or something else?Join us as we tell you differences between Medicare and Medicaid and explain how we can help you pay for nursing home care.EMAIL US! — dearnursinghomeguy@gmail.comTo obtain more information, contact us here:https://davidsonelderlaw.com/contact-us#elderlaw #nursinghome #assetprotection #medicaid #assistedliving #estateplanning

Categories
Retirement Planning

Social Security Is STEALING Your Money! How To Plan Retirement Without It [Video]

Social Security is running out of money. Big surprise. This is something that I’ve been hearing my entire life. And as I get older the end gets closer. According to a survey by Nationwide 71% of people are afraid that social security will run out in their lifetime. Less than 50% of millennials believe they will receive any benefits. Today we’ll discuss:1. 0:30 The structure of the Social Security Program 2. 1:15 What’s wrong with the program 3. 2:03 Answer the question can it be fixed? 4. 2:23 How you should plan to proceed.Structure of the Social Security Program Fundamentally, the program relies on current taxpayers to fund the retirement benefits of current retirees. You and I pay the tax with every check. When you reach a certain age or retire, you begin to receive benefits. Employees pay 6.2% on income. The self-employed pay 12.4% on income. Investors however don’t pay anything. Today the maximum benefit is 3,900 per month. For the average American however that benefit will be $1,800 based on making $50k per year. The full benefit is roughly 40% of your income. You must pay into the program for 10 years to receive benefits. Who is exempt? Certain religious folks, certain foreigners, and government employees who have a public retirement plan. What’s Wrong with The Program The Social Security Administration projects that they will not be able to pay full benefits after 2034 and they will have to reduce benefits by at least 20%. The Medicare program projects reduced benefits starting as early as 2026. How did we get here? First, there was lost revenue due to the pandemic. Second, total cost is expected to exceed total income in 2021. Third, in 2010 the trustees stated that the aging population and decrease in birth rates will cause a short fall. This is reason for the video’s title. You are paying into a system that you didn’t agree to and will likely receive less benefit than those who came before you. The safety net is not so safe. Can It Be Fixed? At this point, congressional action is the only reasonable remedy for continued full payouts. Congress either needs to reduce benefits for future recipients or increase taxes or both. Without congressional action benefits would be paid at 80% for a max of $3,100 per month for high-income earners. But the average American would receive just $1,400 per month. How Should You Plan to Proceed. Plan as if it won’t be there when you need it. If I receive benefits, great. If not, meh. This means setting up a portfolio of primarily index funds. Leveraging 401ks and Roth IRAs to create your own nest egg. And investing consistently until retirement based on your own projected needs. All in all taking individual responsibility is critical for your portfolio and mine. This is something I discuss in my Inflation video which can be found here: https://youtu.be/GmXHFe0iXxASources:71% Afraid Social Security will run outhttps://www.cnbc.com/2021/07/06/many-fear-social-security-will-run-out-of-money-why-that-wont-happen.html2010 Trustee Statementhttps://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.htmlBudget Shortfall FY 2021https://www.ssa.gov/budget/FY21Files/2021BST.pdf🔴 *** BUY ME A COFFEE ***Venmo: @DarylDWalkerCash App: @DarylDWalker🔴 *** BE MY FRIEND ***✅ Instagram: https://instagram.com/daryldwalker✅ Twitter: https://www.twitter.com/daryldwalker✅ Tiktok: https://tiktok.com/@daryldwalker🔴 *** ABOUT ME ***I’m a professional CPA who likes to have fun when talking about personal finance. 🔴 *** ABOUT THE CHANNEL ***I will continue to make content to give a fresh perspective on common money topics. 💡 TOPICS IN THIS VIDEO 💡• Social Security• Payroll Taxes🔎 HASHTAGS 🔎#socialsecurity#medicare#retirement