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Home > Ask Ralph > Why should I wait until 70 to collect social security?


	Podcast:		Ask Ralph
	Episode:		Why should I wait until 70 to collect social security?
	Category:		Business
	Duration:		00:40:11
	Publish Date:		2025-01-11 08:00:00
	Description:		This episode tackles critical financial questions that many listeners are grappling with, including the timing of Social Security benefits and the nuances of tithing on tax refunds. Ralph Estep, Jr. shares a compelling case study of a client named Martha, who faced a similar retirement dilemma as a viewer named Sarah, emphasizing the importance of personalized decision-making based on health and financial stability. The discussion also dives into the theological implications of tithing, particularly whether one should tithe on a tax refund, exploring both sides of the argument and encouraging listeners to reflect on their personal convictions. Furthermore, the episode sheds light on tax obligations for gig economy workers, stressing the necessity of keeping detailed records and making quarterly tax payments to avoid penalties. With practical advice and biblical wisdom, Ralph aims to empower listeners to take control of their finances, make informed decisions about when to collect Social Security, and align their financial choices with their faith. Read today's blog article Check out the full podcast episode Podcast Timestamps: 00:00 Episode Overview 02:00 Bible Verse - Ecclesiastes 7:8 02:41 Gratitude Statement 03:14 Listener’s Question: Social Security Dilemma 08:41 Visit https://www.askralphpodcast.com/blog/ for Free Financial Resources 09:09 Listener’s Question: Tithing on Tax Refunds 17:40 Listener’s Question: Tax Obligations for Gig Workers 28:14 Call to Action 32:04 Weekly Drawing of $100 Amazon Gift Card 38:20 Closing Takeaways: Social Security decisions should be personalized based on health, savings, and family history. Consider the implications of tithing on tax refunds and how it relates to your income. It's essential to track all income and expenses, especially for side gigs like delivery services. Understanding self-employment tax can significantly impact your overall tax liability and planning. When considering retirement, patience can lead to greater financial rewards in the long run. Engaging with a financial advisor can help navigate complex tax situations and avoid penalties. 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/ Companies mentioned in this episode: Amazon Uber DoorDash 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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