Why you Should wait until 70 to File Social Security ? | On The Money скачать в хорошем качестве

Why you Should wait until 70 to File Social Security ? | On The Money

In this video several compelling reasons are presented for delaying Social Security benefits until the age of 70. Key points include the benefit of an approximately 8% annual growth rate in the deferred benefits, which is virtually guaranteed. For those with significant retirement savings in tax-deferred accounts like IRAs and 401ks, delaying Social Security can help avoid higher taxation when executing a Roth IRA conversion strategy. Additionally, individuals with substantial tax-free dividend income could jeopardize this tax benefit by activating their Social Security benefits early. Other considerations are for those with younger spouses, as delaying can maximize the survivor benefits, and the notion that continuing to work while receiving Social Security can result in unnecessary taxation. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/u... 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/c... #socialsecurity #socialsecuritybenefits #retirement