The Social Security system is complicated. And as an NSSA (National Social Security Advisor certificate) holder, I get lots of questions from people regarding Social Security benefits. Here are three of the main questions I've seen with our clients:
1) Will Social Security be there when I retire?
- Will it run out?
- What happens if the FRA (full retirement age) increases?
- Will the government take away Social Security benefits for high-income earners?
2) How are my benefits taxed?
- How are taxes affected if I take Social Security before FRA?
- How will I be taxed if I'm a high-income earner?
3) Spousal benefits?
- What are the Social Security benefits for a spouse that didn't work outside the home?
- What if I'm widowed?
- What if I'm divorced?
Jerrid Sebesta and I sat down and had a spirited conversation about many of these questions.
{AUDIO} Take a listen: 3 Common Social Security Questions
If you have questions or concerns regarding Social Security, you can Request a Meeting by going to our homepage or calling 320.222.4236.