Latest / Money In Motion with Klaas Financial / Spouses and Social Security

Transcript

Spouses and Social Security · Money In Motion with Klaas Financial

0:00
This is Money in Motion with Class Financial, a fun and informative show designed
0:06
to help you get answers to all your retirement questions in one place, and
0:10
our fold lines are open to you right now at six eight three two one
0:14
thirteen ten at six o eight three two one thirteen ten if you have questions
0:19
for our retirement finding professionals from Class Financial up to hear from you this morning,
0:24
joined this week by Eric Schwartz and Melia Quavis. Of course, they
0:28
come to us from Class Financial online. Class Financial dot com that's k l
0:32
Aas Financial dot com. Great website to learn more about Claus Financial learn about
0:36
their separate divisions. Also listen back to this in previous shows podcasts, as
0:40
well as sign up for the weekly market paulse newsletters. Go down towards the
0:44
bottom. You'll see a little envelope there and it'll say stay current and to
0:47
your email address, and then you'll be signed up. In each week you'll
0:50
get a little snapshot of what's been going on in the markets, as well
0:53
as a link to the most recent podcast. Very convenient to you again,
0:57
just head on over to Class Financial dot com. Their telephone numbers six eight
1:00
four four two five six three seven. No charge for that initially get to
1:03
know you appointment tech loss Financially it will be complimentary to you again. Their
1:07
number six O eight four four two five six three seven and the number to
1:11
get on the air this morning, regular number Serre at station six O eight
1:15
three two one thirteen ten. That's six O eight three two one thirteen ten.
1:19
Eric, how you doing this morning? I'm doing pretty well. How
1:22
about yourself? Shown, I'm doing absolutely fantastic. And Malia, how are
1:26
you doing this week? I'm doing great. It's another lovely day in the
1:29
Midwest. We all are so excited, Yes, yes we are, and
1:33
we've got an exciting topic ahead as well, when it comes to social security
1:38
and understanding of the different benefits when it comes to yourself and your spouse and
1:42
yes even ex spouses. We'll get into that this morning. It is it
1:46
is a fascinating conversation and there's always some great questions and calls we get anytime
1:51
we bring up social security, which means now is a prime time to get
1:55
in line to get on the air at six O eight three two one thirteen
1:57
ten. That's six O eight three two one thirteen ten. Before we get
2:00
to this week's topic and conversation. One of the great features as well on
2:04
the program is the class Quiz Question the week a chance to win a fantastic
2:07
prize. This week, no exception, our friends from Claus Financial I provided
2:10
a twenty five dollars gift card to Starbucks. Tell you atle bit later on
2:15
in the program how you can win that gift card. Little tip though,
2:17
typically both the question and answer to the Class Quiz Question Week come up during
2:22
the show, so it really helps to pay close attention before we start talking
2:24
about social security and different things we need to know when it comes to eligibility
2:29
rules and other things. Let's actually take a look back at last week's class
2:32
Quiz Question week, get the question and the answer there as well. Yeah,
2:37
so last week we had a good conversation of revolving around what you should
2:40
do with regards to relocating, purchasing a home outside of where you currently are,
2:47
maybe for retirement, just a lot of considerations, tax considerations, et
2:52
cetera. So we looked at the question. According to the Bureau for Labor
2:58
Statistics, the largest for retirees as home costs, and the question was to
3:01
do home costs account for twenty five percent of retirees annual expenses or more than
3:07
thirty five percent of them, And congratulations to one of our loyal listeners he
3:12
called in with a correct answer. Gary of Middleton correctly answered that those home
3:16
costs actually are more than thirty five percent of most of retirees annual expenses.
3:22
So listen back to last week's show if you want to think about downsizing.
3:27
It was a lot of great information. Congratulations to Gary, and of course
3:30
a ton of great information last week's program as well as there's going to be
3:34
a lot of great stuff this week as well, so make sure you check
3:36
out class financial dot com subscribe to the podcast there. Of course, you
3:38
can also subscribe right at the website for WIBA, but the best thing to
3:43
do is claus financial dot com. Also learn more about Class Financials. As
3:46
mentioned, we of course are going to be talking social Security and a lot
3:49
of folks depend on their future Social Security benefit for income, and this week
3:53
we're going to be talking about understanding how those benefits coordinate with your spouse or
3:57
ex spouse. Aren't we Eric, Yes, we are, Sean, and
4:01
this is this is a really important topic that we think everyone planning for retirement
4:06
should understand, but I think Millie and I could both tell you that very
4:12
few people do, so I'm excited for us to get into it now.
4:15
First off, to understand your personal situation, we would suggest that you reach
4:19
out directly to Social Security to get your specific numbers, but at a high
4:24
level. If you are not currently married, and you have not been married
4:28
before, then you can basically just code a SSA dot Gov and calculate your
4:32
own Social Security benefit at your full retirement age or whichever age you decide to
4:38
begin collecting benefits. But if you are currently married or you were married at
4:43
one point in time, there are several things to be aware of regarding your
4:47
ability to collect Social Security benefits based on your spouse. So what we're gonna
4:53
be talking about today, and I apologize, we're gonna be using the word
4:56
spouse a lot, so just stick with us. We're gonna be talking about
5:00
a spousal benefit with Social Security. So as with everything with Social Security,
5:05
different different groups have different rules. But what we're going to be talking about
5:11
today is how current spouses, X spouses and widowed spouses are all eligible for
5:17
spousal benefits from Social Security. Let's start though today because Like I said,
5:23
all the rules are different. Let's start by looking at folks who are currently
5:28
married. So if you've been married for at least a year, you are
5:30
eligible for a spousal benefit of up to one half of your spouse's primary insurance
5:36
amount, and this does depend on when they begin to collect benefits. But
5:41
let's pause here for a second because I want to review with the primary insurance
5:45
amount means. We've talked about this before and other shows, but this is
5:49
the benefit that a person is eligible for at their full retirement age, which
5:55
is currently between sixty six and sixty seven depending on the year that you were
6:00
worn. But this is what we use to calculate the spousal benefit. So
6:06
if your spouse begins receiving benefits before full retirement age, you would also have
6:12
a reduced benefit. But the primary insurance amount or the full retirement age benefit
6:15
is generally where we start. You are not eligible to receive a spousal benefit
6:21
until your spouse files for their own benefit first. So this is really important
6:27
because it doesn't hold true for the other groups that we talked about. But
6:31
you are not allowed to begin collecting a benefit based off of your spouse's record
6:36
until they have actually begun the benefit on their own. You must also be
6:42
at least age sixty two to file or receive a spousal benefit, so that
6:47
that kind of covers the people who are currently married. But let's discuss here
6:53
as well those rules for X spouses. So we get a lot of jokes
7:00
about this from clients in terms of, well, you know, at least
7:03
now I can maybe collect some benefits based on my ex spouse, So we
7:09
we actually end up talking about this a lot. An ex spouse is eligible
7:13
for a spousal benefit provided that the marriage lasted for more than ten years and
7:17
they have not remarried prior to age sixty. So I know this seems like
7:21
a really specific a couple of rules here, but Leah and I can both
7:28
tell you plenty of experiences with clients where maybe they've been married and now they're
7:32
divorced, and they've they've found someone new, and they need to be cognizant
7:35
of these ages that may prevent them from actually collecting benefits based on their their
7:42
former spouse. But different from spousal benefits for for a current spouse, a
7:48
divorce spouse can receive a spousal benefit based on their ex spouse's record, even
7:55
if they have not yet filed for their own benefit. So long as your
8:00
ex is sixty two or older, you are able to begin collecting benefits on
8:05
their record even if they have not so once mall caveat to this, you
8:09
need to be divorced for at least two years if you want to claim benefits
8:13
before your ex spouse does. But taking benefits based on your ex spouse's record
8:18
does not impact their ability to draw benefits or for their new spouse to draw
8:24
benefits as well. Lots of confusing topics here, but really important to understand
8:31
hearing some people saying dang to the last parting they may be good for nothing,
8:35
but's something here as we talk. It's working with our retire Sorry talk
8:39
this morning with our retirement planning professionals Eric Schwartz and Wili A Quaimas of Clause
8:43
Financial. Always having a little bit of fun with the great information as well
8:46
here on money and Motion. Don't reagan learn more about Claus Financial. They've
8:48
got a great website. It's Claus financial dot com. That's k l as
8:54
financial dot com. Great resource to learn more about the separate divisions of Claus
8:58
Financial sign up for the weekly mark at Paul's newsletter again, as well as
9:01
information about the folks you hear on the radio show as well, all at
9:05
class financial dot com. There telephone number six eight four four two five six
9:09
three seven. That first deployment at Class Financial. It is not going to
9:13
cost you a thing. It'll be free too. Complementary again their number six
9:16
O eight four four two five six three seven. Phone lines are open right
9:20
now as well at six O eight three two one thirteen ten. That's six
9:24
so eight three two one thirteen ten. Gets you on the air with Malia
9:28
and Eric, and we're going to continue our conversation when the lean Eric talk
9:30
a little bit more about social Security and specifically we'll get into talking about the
9:33
details when it comes to collecting from your spouse's record. We'll find out from
9:37
Malia about that and take your call next as Money in Motion with Class Financial
9:43
continues right here on thirteen ten w IBA. This is Money in Motion with
9:50
Class Financial, a fun and informative show designed to help you get answers to
9:56
all your retirement questions in one place, talking with our retirement planning professionals,
10:01
Malia Quaevis and Eric Schwortz. They come to us from Class Financial the website
10:05
class financial dot com that's spelled klaas Financial dot com. Fantastic website. To
10:11
learn more about Class Financial their separate divisions. Also get to know the team
10:15
at class Financial and sign up for the weekly Market Pulse newsletter all at class
10:20
financial dot com. Their telephone number six O eight four four two five six
10:24
three seven. No charge for the financial'll get to know you appoyment at Class
10:28
Financial. Oh yes, it is complimentary to you again their number six O
10:31
eight four four two five six three seven, and then number to get on
10:35
the air this morning with your question six O eight three two one thirteen ten.
10:39
That's six O eight three two one thirteen ten. We are talking social
10:43
security this week, and I think a lot of folks wonder this next one.
10:46
A ton of folks wanted how much can you get in social Security benefit
10:50
if you collect off your spouse's record. Malia, Yeah, this is a
10:54
great question. I just have to laugh at how many times Eric did say
10:56
the word spouse this morning. Why do we not? You know, we
11:01
dig into words and meaning like that is a strange word that words spouse sounds
11:05
like lou so I don't know that. So again, as a spouse,
11:11
you can claim a Social Security benefit based on either your own earnings record,
11:16
or you can collect a spousal benefit, and the spousal benefit will provide you
11:20
fifty percent of the amount of your spouses social Security benefit, as Eric explained,
11:26
as calculated at their full retirement age. Now, some of you may
11:30
be saying, but I never worked, and so what does that mean for
11:35
me? Well, and that's that's where you can take a deep sigh here.
11:37
And if you did not collect enough credits, We've talked about this many
11:41
times on the show. You have to have collected ten years worth of credits,
11:46
which amounts to about forty credits this year. In the twenty twenty three,
11:52
for example, you have to earn sixteen hundred and forty dollars to get
11:56
one credit, So the max credits per year is for so it takes ten
12:01
years to actually be eligible for your own benefit. But let's say you did
12:05
not go outside the home and work. You do have a benefit coming to
12:11
you if in fact, you are married. So there goes the spouse word
12:16
again. So you're automatically entitled to either that benefit based on your own earnings
12:22
or a spousal benefit based on your spouse or ex spouse's earnings, and Social
12:26
Security will calculate that and pay the higher amount. But FYI, you're not
12:31
going to get both. So there's going to be a decision that needs to
12:35
be made, and Social Security will usually help determine that for you. So
12:41
many people ask, how is early retirement going to affect my benefits? So
12:45
if you collect the spousal benefit and you begin collecting this benefit before you reach
12:50
full retirement age, your benefit is going to be permanently reduced. And that's
12:54
what people don't understand how important it is to make that decision when you are
13:00
actually going to start collecting. If your spouse take Social Security early and you
13:05
take the spousal benefit early, that's going to significantly reduce the benefits paid out
13:09
over your lifetime. So we really, we really pause, especially when we
13:13
have married, married couples, when we're looking at when is the best time
13:18
for one of them to take a versus the other, because sometimes it makes
13:22
sense for one to let let the biggest benefit grow the longest. It all
13:28
depends on your specific situation. So some other interesting things to note. If
13:33
you collect any type of benefit before your full retirement age, and you continue
13:37
to work and received earn income, you may owe some of your Social Security
13:41
benefits back. So some of you have heard about you know, if you
13:48
start collecting before your full retirement age and you're working and you're making too much,
13:52
that's where social Security starts pulling back because you've not reached your full retirement
13:56
age and people feel like, you know, why my working then if I'm
14:01
just losing benefits. So that's why you want to make sure you wait the
14:05
appropriate amount of time before you perhaps collect your Social Security. But the point
14:11
here is once you reach that PIA or full retirement age, as Eric said,
14:15
you can collect social Security and earn any amount working without being subject to
14:20
any reduction and benefits. So if you're finally getting that sixty six or sixty
14:24
seven age, which is full retirement for most folks right now, you actually
14:28
can earn unlimited amounts and not affect your benefits. So that's really important to
14:33
understand. And then you know, we look at what the average spouse benefit
14:39
is, so you know, first of all, when social Security was designed
14:45
back in the twenties, we really know that the government never intended for this
14:50
to be something that you counted on for your entire retirement, and that's still
14:56
the case today. So we look at the average spouse will be this year
15:01
is only about nine hundred dollars a month, that's a spousal benefits or eleven
15:05
thousand a year. And so just keep in mind that whether it be your
15:09
own social Security benefit, your spouse is, we are looking for you to
15:13
make sure that you're designing a future retirement that is not solely dependent on the
15:18
Social Security benefit. So this is more so a supplement hopefully to the investments
15:26
in other lines of income you might have. And then really want you to
15:30
take take time before you apply for spousal benefits, understand how your spouse's benefit
15:35
may be affected if you are the one taking Social Security benefits early. And
15:39
then what happens upon the death of a spouse, which we'll get into in
15:43
just a second. Really fascinating stuff this week with our retirement planning professionals Malia
15:48
Quavis and Eric Schwartz, we've got a phone line open if you've got a
15:50
question up to hear from me this morning six eight three two one thirteen ten.
15:54
That's six eight three two one thirteen ten. Gets you on the air
15:56
with Malia and Eric. Don't forget about the website Class Financial dot Com.
16:02
That's Klaas Financial dot Com. No charge for then initial get to no employment
16:06
tech Class Financial. It will be complimentary to you again. The telephone number
16:10
six O eight four four two five six three seven, the website Class Financial
16:14
dot com that's Klaas Financial dot Com. And the telephone number to get on
16:19
the air this morning six O eight three two one thirteen ten. That's six
16:23
O eight three two one thirteen ten. Heading up to the home of Susie
16:27
the Duck and Lodai. Karen joins us Karen, Welcome to the program.
16:30
You're on the air with Malia Quavis and Eric Schwartz Class Financial. Thank you.
16:37
What's your question about? The question is about if somebody's married for ten
16:40
years and then gets divorced, and then gets remarried, but then divorces that
16:45
spouse, how do they claim social Security? Can they pick and choose which
16:49
spouses social Security they would like? Here's free Eric. Oh, that is
16:56
a really really good question. I'm not one hundred percent sure, to be
17:02
honest, I have to I have to look that up and follow up with
17:04
you. But I'm assuming both marriages lasted for at least the ten year timeline.
17:14
Gosh, I'm not sure. I'm not sure the answer that question.
17:17
I'm pretty sure that again, this is where we do pull in Social Security
17:21
and have them look at the records of both. They're not going to let
17:23
you collect both, let's be quite honest right there, but being able to
17:26
look at the highest highest amounts. So so I think, you know,
17:32
that's definitely something to sit down, make an appointment with them, either by
17:36
phone or in person, and just take the situation at hand and say this
17:40
is what I'm looking at where you know, where am I going to do
17:44
better? Because we do see that come up here and there, but something
17:48
to further explore. All right, sounds good, Thank you, Karen.
17:52
Really good at really good question this morning. And that's becoming more and more
17:56
common. And of course, as we talk about, as you mentioned of
17:59
you know, working with Social Security and understanding that that's also you know,
18:02
there's a lot of information available out there and some great opportunity. Speaking of
18:06
great information, Class financial dot com great website and resource to learn more about
18:10
Class Financial. Also an opportunity there to get signed up for the weekly Market
18:12
Pulse newsletter. Just send on over to class financial dot com. That's Klaas
18:17
Financial dot com. There telephone number four four two five, six three seven
18:21
and then number to get on the air this morning six eight three two one
18:23
thirteen ten. That's six o eight three two one thirteen ten. You know,
18:27
one of the things I hear about two is people that I, you
18:30
know, I filed on my spouse's record and then I would claim mine later
18:33
and that's going to be my strategy. Is that still a thing? What
18:36
do we need to know there? Eric, That's a great question and one
18:40
that we get all the time. Unfortunately, the short answer is no,
18:44
it is not. But the change that eliminated it was I think relatively recent
18:49
enough that people talk to friends who are maybe a few years older that we're
18:53
able to take advantage of it. So they kind of hope or expect that
18:57
when they when they get to that age, they will be able to.
19:00
But this, this strategy, which was commonly called file and suspend, this
19:07
was a social security maximization strategy. I guess, I guess you could say
19:11
it was. It was made possible by kind of a loophole in the social
19:15
security law. Basically, it allowed married couples to kind of double dips,
19:19
so they could begin taking a spousal benefit initially, right, get that fifty
19:25
percent benefit, and then leave their own retirement benefit alone. Have it continued
19:32
to grow, you know, get to full retirement age, then start getting
19:34
those delayed retirement credits all the way to seventy, and then essentially they'd get
19:38
to that age seventy and they'd switched to their own right. So it was
19:42
a way to begin collecting Social Security as a spouse and then switch to your
19:47
own benefit later. But due to changes back in twenty fifteen, the file
19:52
and suspend strategy is no longer available for couples. That dang, it's a
19:59
little nice little thing, unfortunately, and I can see why they change that
20:03
as well. Speaking up by the way, spousal benefits, Eric, I've
20:06
got to ask do they increase after fr after your full retirement age or what
20:11
if you wait till seventy claim to claim, will your spouse get a bigger
20:14
benefit as well? Yeah, that's another another great question. So the answer
20:19
is here, no again, because unlike Social Security retirement benefits, the spousal
20:26
benefit does not increase if you wait to take benefits beyond your full retirement age.
20:30
So really there's no advantage to waiting beyond full retirement age to start taking
20:34
the spousal benefit because remember, the most you can receive as a spousal benefit
20:40
is fifty percent of your spouse's primary insurance amount. And remember the primary insurance
20:45
amount is the full retirement age benefit, so the delayed retirement credits are not
20:49
going to come into play at all. Now, you can still boost your
20:52
own retirement benefit by putting off claiming Social Security until seventy, but it's not
20:59
going to have any impact on those spousal benefits. Now. Of course,
21:03
this this all goes out the window when when it comes to survivor benefits,
21:07
because you know, that's just how it works. A widow or widower whose
21:11
spouse waited until seventy to file for Social Security, they are entitled to the
21:17
full amount that their their late spouse was receiving, which would include then the
21:22
delayed retirement credits. So as long as they're surviving spouse has reached full retirement
21:26
age, they are eligible for that full benefit. Now, as we just
21:32
learned with the recent call and what we've talked about here, determining when to
21:36
start your social Security benefits is a really complicated decision. So we do really
21:41
encourage you to not only social security, but but with a trusted professional to
21:48
make these decisions. You remember those choose your own Adventure books, Eric,
21:51
when you were a kid, you go through and you know if slay the
21:55
dragon or flee. You remember those books. I dot's I think he's too
22:00
young, but okay, I am not too young for that. Kids these
22:04
days, Malia, you and I will remember these things, and I feel
22:08
like somebody could make a lot of money doing a choose your own Adventure book
22:12
based on social Security for tires, because there's a lot to this. Just
22:18
a fantastic program. This week, we're actually gonna talk more social security because
22:22
there is a lot more to know and we're just kind of scratching the service
22:26
on that. We will do that. We'll also wander on over to the
22:29
Money in Motion listener question corner. Got a great question from Jackson. We'll
22:33
do that and take your call next. The website class financial dot com that's
22:36
k l as Financial dot com and the telephone number six eight four four two
22:41
five six three seven No charge for the initial get to know you apployment TCH
22:44
loss Financial. It will be complimentary to you again. The number six eight
22:48
four four two five six three seven. The website Class Financial dot com.
22:52
More of Money in Motion is next here on thirteen ten WYBA. This Money
23:00
in Motion with Class Financial a fun and informative show designed to help you get
23:04
answers to all your retirement questions in one place, talking with our retirement planet
23:11
professionals Mali acquaint Us and Eric Sports. Of course, they come to us
23:14
from Class Financial online, Class financial dot com. That's Class klaas Financial dot
23:19
com and their telephone number six O eight four four two five six three seven.
23:23
No charge for financial gets no apployment ch Class Financial, it will be
23:26
complimentary to you again. They're number six O eight four four two five six
23:30
three seven. Talking social Security this week and Melie, I've got asked,
23:34
so let's say you know a spouse passes. What do we need to know
23:40
when it comes to then this couple social security benefit when that would occur.
23:45
Yeah, So obviously it's a difficult time when you're going through that, and
23:49
one of the things you don't really think about sometimes is, yeah, you
23:53
have to call Social Security and let them know this event has occurred. And
23:59
effect, they're going to shut down the benefit upon that phone call. So
24:03
and if you don't call them, they will, they will find out and
24:07
they will start pulling the benefits back. So you do want to let them
24:10
know. So let's say both of you have been receiving a Social Security benefit
24:15
in the household, which is the most likely scenario. You'll continue to receive
24:21
the highest of the two benefits, but you're not going to get both any
24:23
longer. So that's important to understand, especially when you're doing financial planning.
24:29
You know you can for retirement, you're looking at both both benefits and suddenly
24:33
we as as planners, we're looking at well, in the event someone passes,
24:37
how does that affect the whole retirement scheme at that point. So you
24:41
want to make sure you understand that Social Security does still pay a lump some
24:45
payment. This has never changed. This amount. It's two hundred and fifty
24:49
five dollars upon the death of your spouse, which is laughable. We do
24:55
make sure our clients apply for that and get that. But a little caveat
24:59
to understand is after the second person passes in the household, social Security does
25:03
not pay out a second benefit to the estate, So that's really important to
25:06
know. And then this is key the soonest you can collect a survivor's benefit
25:15
for social securities age sixty. So unfortunately we see widows who are much younger
25:21
than that, and and waiting to get to age sixty can be you know,
25:26
sometimes devastating. So but the point is you can get to age sixty.
25:32
You don't have to start taking nor do we honestly recommend it, because
25:36
you're again you're reducing that later that future benefit by taking it sooner. So
25:41
you really want to take a look at your situation and decide if it makes
25:45
sense to pull it as early as sixty. So just keep that in mind
25:52
and meet with someone if you're going through that. Talking this morning with Malia
25:56
Quavis and of course Eric Schwartz. A retirement plan professionals from Class Financial online
26:02
Class Financial dot com. That's Klaas Financial dot Com. The TELF number six
26:06
to eight four four two five, six three seven No charge for that initially
26:08
get to know you employment at Class Financial. It will be complimentary to you.
26:11
Just a mom we're gonna do the claus quiz question leak. You want
26:14
to hold on to that number as well for that before we get there Money
26:18
and Mesh Motion listener question corner. Of course, you can submit your question
26:22
at class financial dot com and the question this week comes from Jackson. He
26:26
writes in I'm thinking about changing jobs, but I do have a four oh
26:30
one K loan within my four oh one k What happens to this loan when
26:34
I leave my current place of employment? Yeah, that is a great question.
26:40
We actually hear that quite often, so it is important to know how
26:44
this works. If you change jobs, sometimes you get let go, so
26:48
it's not even a choice. And we understand that sometimes people do end up
26:52
borrowing from themselves, so to speak, and although we don't encourage it,
26:56
we know that sometimes it may make sense given your circumstance. But to answer
27:00
your specific question, you normally have five years to pay back you know,
27:06
this internal loan, this four owe k loan. Sometimes you have longer if
27:08
you're using the money to buy a primary residence and those in your plan actually
27:14
allows for a longer timeframe. But if you quit your job or you're terminated,
27:18
you'll likely be required to pay back that four owe K loan in full,
27:22
and if you don't repay it, it can result in a taxable disbursement
27:27
and also be subject to penalties if you're under fifteen nine and a half years
27:32
old. So this is why we're not big fans of these four oh one
27:36
k loans, because sometimes you can't plan for the inevitable or your choice,
27:41
your choices. I don't like working here anymore. I want to move.
27:44
Oh I have that loan in place. So sit down with a professional before
27:48
you make some of these life changing decisions, really important questions to be asking
27:52
in things to be considering as well as we chat this week with Malia Quavis
27:55
and Eric Schwartz, our retirement planning professionals from Class Financial. Their website Class
28:00
financial dot com. That's klaas financial dot com. Great website to learn more
28:06
about Class Financial again Class financial dot com. And they're telephone number six O
28:10
eight four four two five six three seven. No charge for the financial get
28:14
to know you employment tech Class Financial, It will be complimentary to you again
28:17
their number six O eight four four two five six three seven. Want hold
28:21
on to that telephone number. Now it's time for the Class Quiz question the
28:23
week. It works like this. In just a moment, I'll ask you
28:26
the claus quiz question A week. You will then have thirty minutes from the
28:29
end of today's program to call the Class Financial office right here in Madison at
28:33
six O eight four four two five six three seven. If you are the
28:36
first caller with the correct answer, you win this week's prize, which is
28:38
a twenty five dollars gift card two Starbucks. This week's class quiz question a
28:42
week is this in order to collect a survivor benefit. What is the earliest
28:48
age you can begin receiving a Social Security benefit? Telephone number six O eight
28:53
four four two five six three seven. First call out correct answer win the
28:56
twenty five dollars gift card to Starbucks. And again that's Class Financial's office right
29:00
here in Madison six SO eight four four two five six three seven. Malia,
29:06
Eric, it's always great chatting with you guys. Enjoy this fantastic day.
29:08
Thanks SHN, Thanks Sean. News is next right here on thirteen ten
29:12
WIB eight. This is Money in Motion with Class Financial Asset Advisors, LLC,
29:22
a registered investment advisor registered with the SEC. The content of this show
29:29
is for informational purposes only and should not be considered individual investment advice. Class
29:33
Financial does not offer tax or legal advice. Any opinion offered during the course
29:38
of this show is the opinion of that particular investment advisor representative, and not
29:44
necessarily the opinion of class financial