In this episode, financial advisors and retirement planners Jim Martin & Casey Bibb of Martin Wealth Solutions continue their deep dive into Social Security, focusing on strategies to maximize your benefits. They discuss the importance of understanding your full retirement age, the impact of claiming early or delaying, and how spousal and survivor benefits can play into your plan. Jim & Casey also cover taxation of benefits, coordination with other income sources, and key mistakes to avoid. This episode offers practical, clear guidance to help you make the most of your Social Security decisions.
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00:00 Introduction to Today’s Topic
00:38 Review of Social Security Basics from Part 1
02:14 Full Retirement Age and Its Impact
04:56 Early Claiming: Pros, Cons, and Long-Term Effects
08:20 Delaying Benefits for Higher Payouts
11:05 Spousal and Survivor Benefits Explained
15:32 Taxation of Social Security Benefits
18:45 Coordinating Social Security with Other Income
22:10 Common Mistakes and How to Avoid Them
25:54 Final Thoughts and Next Steps

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