5 Tips to Maximize Your Social Security Payment

This video discusses five highly effective tips to maximize your Social Security retirement benefits. "5 Tips to Maximize Your Social Security Payment" discusses the Primary Insurance Amount, the Spousal Benefit, reducing or eliminating taxes on Social Security, how much you can earn before the SSA reclaims some or even all of your Social Security payment and how and when to use sophisticated software to analyze and organize all of your financial information so that you can make the best Social Security claiming decision for you and your family.

00:00 Introduction
00:53 Formula: How Waiting to Collect Increases your Social Security Benefit
01:13 Social Security Breakeven Points
01:59 Male and Female Lifespan for Social Security Estimates
03:07 Social Security Survivor Benefit
03:29 How to Maximize the Social Security Spousal Benefit
04:46 How to Minimize Taxation on Social Security Benefits
09:56 Social Security 2023 Earnings Test
11:12 Why Financial Planning Software is SO Important

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Federal Reserve Board Survey of Consumer Finances:
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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.