Social Security Explained

Aug 2020

List to Podcast

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/