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Mullooly Asset Management

Mullooly Asset Management

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13 Questions About Social Security

• 25 min

We cover 13 Questions about Social Security And we have learned you may not know the answers!   On a survey shared with 55 to 65 year old folks, 69% of respondents either failed the test - or barely passed! Since Social Security often becomes a sizable chunk of income in retirement, it's somewhat astonishing that folks in this age group - approaching retirement -- are not up-to-speed on these 13 questions about social security. Get with your financial planner if you struggled with these topics or questions! Listen in for 25 minutes of putting your questions about social security to bed! Time Stamps for "13 Questions About Social Security" 5:37 - Question 1 - taking social security early 6:45 - Question 2 - are my benefits reduced if I continue working? 9:16 - Question 3 - what about my spouse? 11:45 - Question 4 - same-sex marriage benefits? 12:15 - Question 5 - spousal death benefits? 13:38 - Question 6 - my specific social security account? 14:45 - Question 7 - what if I have young children? 15:58 - Question 8- what if I am divorced? 16:48 - Question 9 - Reduce social security by 20%? 19:06 - Question  10 - full retirement age is? 19:37 - Question 11 - what if I delay past age 70? 20:22 - Question 12 - taxes on Social Security? 22:16 - Question 13 - Citizenship and social security? Links for "13 Questions About Social Security" https://www.cnbc.com/2023/05/02/69percent-of-people-either-failed-or-barely-passed-this-social-security-quiz.html

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