A Focus on Social Security

September 6th, 2018 by Anchor Bay Capital's Investment Team

We are hosting a Social Security Seminar and free lunch. Please RSVP as this room will fill up. The head of the Social Security Public relations office in San Diego will be conducting a question and answer session as well as informing our guests of new SS rules instituted and pending. Please join us and feel free to invite a friend or neighbor who you think may benefit from this education.

Where:

The Crossings at Carlsbad 5800 The Crossings Dr, Carlsbad, CA 92008

When:

Wednesday October 24th, 2018 @ 12pm

Guest Speaker:

Yolanda York is the San Diego Public Affairs Specialist for the Social Security Administration. She has worked with the agency for over 35 years in both technical and supervisory roles. She has had several articles published, and has appeared on TV and radio shows to discuss Social Security issues

  • When you are eligible to receive retirement benefits
  • How early retirement affects your benefits
  • who qualifies for disability, survivors, and spousal benefits
  • How to get the most from your benefit
  • What the future of Social Security is
  • When you should file for Medicare

Learn how to use my Social Security online account and other online services. You should go to
www.socialsecurity.gov/myaccount to create a my Social Security account and print out your
Social Security Statement before attending the workshop.

Additional Info:

Below is an example of a break even chart for two benefit strategies.  We can see that if this married couple lives past the age of 80 they will receive more money in the suggested strategy.

 

When it comes to Social Security, here is some key info to know:

Your Full Retirement Age is the age that you receive your full benefit, however this is not your maximum benefit.  Your Full Retirement Age is based on the year that you were born.

 

*https://www.ssa.gov/planners/retire/retirechart.html

 

If you take your benefits before your Full Retirement Age, you will receive a permanently reduced benefit.  Likewise, you may delay your benefit until age 70 to receive the maximum amount.  Below is an example of how benefits would be reduced for someone with a Full Retirement Age of 66.

 

*https://www.ssa.gov/planners/retire/1943.html

 

There is a lot to understand about Social Security.  We look forward to discussing your questions and we hope to see you at the education event in October.

 

* indicates required