• Social Security Explained

  • Aug 26 2020
  • Duración: 32 m
  • Podcast

  • Resumen

  • Today, Rick Bloom is joined by Scott Whyte of the Bloom Asset Management Team.  Scott walks us through all of the ins and outs of social security, explaining:

    • The differences between collecting social security at 62, your retirement age, and 70.
    • How your retirement age will differ based on the year you were born.
    • Losing social security money when still working (in some cases)
    • Cost of living increases
    • Spousal benefit when a husband or wife passes
    • The unlikely theory that social security could go bankrupt -and what's being done to prevent that

    As always, Rick answers listener questions.  Today he tackles the idea of using cash on hand to pay off a mortgage, and whether it's OK to leave more of your estate to some of your kids, and less to others.

    As always, if you have a question for Rick, you can email him at:

    Rick@RickBloomTalksMoney.com

    Find Bloom Asset Management on the web at http://www.bloomassetmanagement.com/

     

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