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Can I Retire Now?
Welcome to the Can I Retire Now? Podcast!
Where savvy financial insights meet relatable wisdom. With almost two decades in the industry, Nick Russell and his wife Becky Wagoner bring a dynamic perspective to help you navigate your unique financial landscape.
Join us as we decode the intricacies of your financial world, offering tailored strategies for dream retirement plans and protection against life's storms.
Discover what truly matters in your financial life, gain insights on relationships and money, and maybe even share a good laugh.
Your journey to financial well-being starts here.
Securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer, and a Registered Investment Adviser. Cetera is separate from any other named entity. 6052 Turkey Lake Rd #101, Orlando, FL 32819. Main Telephone: (407) 351-3476
Can I Retire Now?
Social Security 101: Understanding Your Retirement Benefits (Ep. 24)
Social Security is one of the most misunderstood aspects of retirement planning, but understanding it can make a big difference.
What does it take to qualify for benefits? How does timing impact your payout? And what strategies can you use to maximize your benefits?
In this episode, Nick Russell and Becky Wagoner discuss the essentials of Social Security, covering its role in retirement planning, how contributions are calculated, and the importance of timing when claiming benefits. They also debunk myths and highlight strategies to ensure listeners make informed decisions about their financial future.
Nick and Becky discuss:
- The basics of Social Security eligibility, including work credits and contribution requirements
- How your highest-earning 35 years affect your benefit calculation.
- The pros and cons of early, full, and delayed benefit claims
- Common misconceptions about Social Security, such as taxation and sustainability
- Planning strategies, including spousal and survivor benefits, and tools to help you make the best decisions
- And more!
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