Managing Your Financial Future with Lucia Capital Group
Managing Your Financial Future with Johnny Dean and "Professor" Rick Plum, CFP® Brought to you by the advisors and investment professionals at Lucia Capital Group, a registered investment advisor. Integrating financial planning and investing decisions, designed to help you reach your own financial goals. Want the best tips on which hot stocks you should buy this week? Go somewhere else - we don't do that. It's all about planning, strategy, managing your future and taking control of your financial life. Securities offered through LPL Financial, member FINRA/SIPC.
Managing Your Financial Future with Lucia Capital Group
5 Ways Your Social Security Benefits Can Be Reduced
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Social Security is thought of as one of the most predictable parts of a retirement plan. You look at your statement, estimate your benefit, and assume that number will be there when you need it. But the amount you expect and the amount that actually hits your bank account are not always the same.
What choices or circumstances could reduce your benefit? How much does timing matter when deciding when to claim? Could Medicare premiums, taxes, continued work, or the loss of a spouse change the income you were counting on? And are there ways to plan around some of these reductions before they catch you by surprise?
Fact is, your net Social Security check could turn out to be smaller than you expected. Learn more from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!