Avoid the 30% Social Security PENALTY at Retirement Age

Avoid the 30% Social Security PENALTY at Retirement Age

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Unlock the secrets to avoid a costly 30% Social Security mistake and ensure your financial future is secure! In this video, you'll learn how to strategically maximize your Social Security benefits and craft a solid retirement strategy. Discover the intricate details of calculating benefits based on your full retirement age, and understand the potential penalties of triggering Social Security too early. We break down key concepts such as FICA taxes, primary insurance amount, and how working past retirement age can affect your benefits. Empower your retirement planning with expert advice on when to begin collecting benefits, weighing factors like health and financial security. Remember, optimizing your Social Security isn't just about extra income—it's your hard-earned pension, and getting it right can mean the difference of thousands in your pocket.

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00:00 - Social Security Overview
01:22 - Full Retirement Age Impact on Benefits
05:38 - Benefits of Delaying Social Security Claims



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