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Home > Ask Ralph > What are common things that most people don’t know about social security?


	Podcast:		Ask Ralph
	Episode:		What are common things that most people don’t know about social security?
	Category:		Business
	Duration:		00:20:24
	Publish Date:		2024-11-09 08:00:00
	Description:		Are you lying awake at night, worried that Social Security won't be enough to cover your retirement? You're not alone; many Christians share this concern about their financial future. Ralph dives into nine critical insights about Social Security that financial advisors often overlook, helping to demystify this important topic. By understanding these key elements, listeners can make informed decisions and potentially secure a more stable financial future. From the importance of full retirement age to spousal benefits and the impact of taxes, Ralph guides you through essential strategies that could lead to significant lifetime benefits. Tune in as he shares real-life stories and practical advice, ensuring you're equipped to navigate your retirement planning with confidence and peace of mind—because there’s so much you need to know about Social Security. https://www.askralphpodcast.com/know-about-social-security/ Podcast Timestamps: 00:00 Episode Overview 01:22 Listener’s Question: How Does Social Security Impact Retirement? 02:08 Bible Verse: Proverbs 21:20 03:15 9 Crucial Elements Of Social Security That Many People Are Not Aware Of 03:23 Full Retirement Age Surprise 04:18 The Spousal Benefit Secret 04:58 The Working Penalty 06:17 The Tax Trap 07:05 The Survivor Benefit 08:08 The Do-Over Rule 09:10 The Divorce Benefit 09:54 The COLA Mystery 10:55 The Earnings Record 11:54 Action Steps 13:37 Medicaid Estate Recovery: What You Should Know 17:59 Conclusion and Call to Action Takeaways: Understanding your full retirement age can significantly impact your Social Security benefits. Many people are unaware that spousal benefits can provide additional income during retirement. Working while receiving Social Security before full retirement age can lead to penalties and income loss. It's crucial to verify your earnings record with the Social Security Administration to avoid surprises. Social Security benefits can be taxed, affecting your overall retirement income strategy. Planning ahead for long-term care and Medicaid estate recovery is essential to protect your assets. Links referenced in this episode: Ask Ralph Insiders Community https://mailchi.mp/askralph.com/group Ask Ralph Show Live https://askralphpodcast.com/live What is your question that you would like to ask Ralph? Send Your Question here: https://justaskralph.com/ Join our email list and get a free copy of “Mastering Your Finances” at https://askralph.com/ Social Security https://ssa.gov/ LISTEN NOW WATCH NOW ON YOUTUBE (OUR VIDEO VERSION) WATCH NOW ON RUMBLE (OUR VIDEO VERSION) VISIT OUR ASK RALPH SHOW GEAR STORE FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" JOIN OUR FACEBOOK INSIDERS GROUP Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at ralph@askralph.com or leave a voicemail message on our podcast page Leave A Voicemail Message Like us on Facebook and follow us on Facebook at https://www.facebook.com/askralphmedia Twitter (@askralphmedia) or visit www.askralphpodcast.com for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to www.askralph.com for more information! Buy Ralph's Book - Mastering Your Finances! on Amazon Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journey on Amazon
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