Do you know everything you need to know about social security?
Many people fear negative change to social security benefits in the future. There's also the resounding opinion that it could be run better (like any government agency, I'd venture to say). While we can't say for certain that there won't be any changes to social security, we can implement tax-saving strategies and secure funds in other ways now to make sure you retire comfortably regardless of whatever changes are made. Luckily, social security isn't going bankrupt and probably isn't being reformed any time soon.
In this episode of The Chris Berry Show, I'll share the top 12 things you need to know about social security. Our guest Allison Murphy will also discuss Fox Run, a continuing care retirement community.
In this episode, you'll learn...
- Chris' positive focus for the week.
- How to get a copy of "The Baby Boomer's Guide to Social Security."
- Why social security isn't going bankrupt and why it was created.
- Why congress won't take up social security reform any time soon.
- The difference between taking money and borrowing from social security.
- How wait times have increased and how social security is taxed.
- Why social security isn't meant to be your sole source of income in retirement.
- Why social security isn't keeping up with the times and how you can still work and collect.
- The digitization of social security and how it isn't just a retirement program.
- How most people get more back from social security than they put in.
- About Fox Run, what they offer, and who they serve.
- Why Fox Run can be a home for life so that there's no worry of needing to move.
- The cost of Fox Run, why they're unique, and how to pay for it.
- The healthcare and amenities at Fox Run.
- Fox Run's plans.
Q&A
In each episode, I take questions from listeners. If you have any questions that you want answered, feel free to email us at askchris@thechrisberryshow.com. Here are the questions I covered in this episode:
- Jean asked: "What options do I have for money other than CDs? I want to save, but not put in the market. Are there any alternatives?"
- Larry asked: "Should we get permanent life insurance?"
- Alex asked: "My wife and I have wills prepared by an out-of-town law firm. Can they just be included in a trust by another law firm? We have existing wills but want to explore setting up a trust. Can they be used or will they need to be recreated?"
- Evan asked: "What are the steps to prepare a will? What's the difference between a will and a trust? Are wills legally-binding?"
Links & Resources
AlzElderCare.com
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Register for one of our free estate & asset protection workshops
Fox Run
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry
