Understanding Social Security Benefits with Adria Rosebrock

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🎙️ Have you ever wondered about that chunk of your paycheck that is taken out and given to Social Security? What exactly is Social Security and when can you expect to see some of that money come back to you? Have you considered what role Social Security can play when planning for retirement?
✨ This conversation is a must-listen for anyone who has ever paid into Social Security. It is a critical element of retirement planning and offering financial support during your later years. However, navigating its complexities requires careful consideration and strategic planning. With the right guidance, you can maximize your benefits and secure a more financially stable future.
💡 In this episode, our host Kelly Augspurger is joined by Adria Rosebrock, a certified financial planner and director of wealth management operations and training at Hamilton Capital. Adria provides an insightful, comprehensive guide to navigating Social Security benefits and how they fit into your retirement planning strategy.
In this episode they covered:
🔹 Overview of Social Security
🔹 Claiming Social Security Benefits at Different Ages
🔹 Considerations for Claiming at Age 62
🔹 Full Retirement Age Benefits (66-67)
🔹 Claiming Social Security at Age 70
🔹 Income Spoilers (Penalties)
🔹 Strategies for Widows and Widowers
🔹 Strategies for Divorced Individuals
🔹 Changes and Future of Social Security
🔹 Planning Advice for Social Security
📽️ To watch this episode: https://youtu.be/O6NG3xlRTxU
Hamilton Capital and Steadfast Insurance are separate and unaffiliated companies. All information is provided solely for convenience, educational, and informational purposes only.
🔗 For more information about Adria Rosebrock and Hamilton Capital, please visit:
📲 https://hamiltoncapital.com
📲 https://www.linkedin.com/company/hamilton-capital-management/
📲 https://www.linkedin.com/in/adriarosebrock
#SocialSecurity #KellyAugspurger #AdriaRosebrock #WealthManagement #HamiltonCapital #SteadfastCarePlanning

For additional information about Kelly, check her out on Linkedin or www.SteadfastAgents.com.
To explore your options for long-term care insurance, click here.
Steadfast Care Planning podcast is made possible by Steadfast Insurance LLC,
Certification in Long Term Care, and AMADA Senior Care Columbus.
Come back next time for more helpful guidance!

Hoofdstukken

1. Understanding Social Security Benefits with Adria Rosebrock (00:00:00)

2. Introduction (00:00:10)

3. A brief overview of what Social Security is and how people can qualify for these benefits. (00:00:46)

4. When might it make sense to claim benefits at different ages? (00:01:20)

5. When can you start taking benefits? And what's the latest you can start taking benefits? (00:02:16)

6. For those that do want to take benefits at age 62, when might it make sense to do that? (00:02:52)

7. The CLTC Commercial (00:05:08)

8. What about full retirement age of 70? When might it make sense to do that? (00:05:35)

9. Other reasons when we start looking at full retirement age to claim Social Security benefits. (00:07:34)

10. Where do you see most Americans in that age range? When do you see most people take their Social Security benefits? (00:08:52)

11. Many variables to consider, health and wealth and family situation. (00:09:40)

12. What are some Social Security income spoilers, or penalties. (00:09:58)

13. Non covered position, positions where Social Security taxes were not taken out and therefore the elegibilty of those employees for Social Security benefits is affected. (00:10:50)

14. Encouraging everyone to work with a financial professional that can really guide them through understanding their entire financial picture. (00:12:07)

15. Retirement strategies for widows, or widowers. (00:12:46)

16. What about divorced people. What about strategies for them? What do they need to consider? (00:14:03)

17. AMADA Senior Care Commercial (00:15:19)

18. How often does Social Security change the rules, or change the requirements? Is this like every year things kind of change, or every few years? (00:15:51)

19. What do you think the future of Social Security will look like? Is it going away? Are we going to possibly see some adjustments, some changes? Is it going to stay the same? What do you think, just in your professional opinion? (00:16:59)

20. Final advice on how people can plan to live well. (00:19:23)

21. Where can people find out more information about Adria and Hamilton Capital and how they help people? (00:20:54)