EPISODE · May 30, 2024 · 20 MIN
Demystifying Social Security
from Red Zone Retirement Planning · host Adam Olson
On this episode of the Money Mastery Unleashed podcast, Adam Olson, a certified financial advisor, breaks down Social Security and its role in retirement planning. He covers who is eligible, how benefits are calculated, and why it's crucial to include Social Security in your overall financial plan. Adam talks about when to claim benefits, how taxes affect them, and the future of the system. He stresses the need for personalized planning and suggests consulting with a financial advisor to get the most out of your benefits. "For a lot of people under the age of 50, that IRMA cost for you is going to be significantly higher than a lot of retirees have it today." What you will learn: Eligibility and Types of Social Security Factors Affecting Benefit Calculation Future of Social Security Complexity of Social Security Claiming Learn more about Adam Olson by visiting the following links: Facebook Personal Website Business Website -- Investing involves risk, including loss of principal. Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product. Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.
What this episode covers
On this episode of the Money Mastery Unleashed podcast, Adam Olson, a certified financial advisor, breaks down Social Security and its role in retirement planning. He covers who is eligible, how benefits are calculated, and why it's crucial to include Social Security in your overall financial plan. Adam talks about when to claim benefits, how taxes affect them, and the future of the system. He stresses the need for personalized planning and suggests consulting with a financial advisor to get the most out of your benefits. "For a lot of people under the age of 50, that IRMA cost for you is going to be significantly higher than a lot of retirees have it today." What you will learn: Eligibility and Types of Social Security Factors Affecting Benefit Calculation Future of Social Security Complexity of Social Security Claiming Learn more about Adam Olson by visiting the following links: Facebook Personal Website Business Website -- Investing involves risk, including loss of principal. Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product. Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.
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Demystifying Social Security
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