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Working and Social Security: Benefits Unveiled · Money In Motion with Klaas Financial

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This is Money in Motion with Class Financial, a fun and informative show designed
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to help you get answers to all your retirement questions in one place and our
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phone lines they are open for you right now. If you have a question
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for our retirement planning professionals from Class Financial love to have you join us this
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week teleph number here at station six oh eight three two one thirteen ten.
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That's three two one thirteen ten. Joined this week by CJ. Closs and
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Malia Quavis, our retirement planning professionals from Class Financial. You can learn more
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online their website coss Financial dot com. That's k Laasfinancial dot com. Great
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website to learn more about Coss Financial their separate divisions. You can get to
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know the team as well at Class Financial. Really cool feature. Also,
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if you scroll down towards the bottom, you'll see a little envelope that says
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stay current. From that you can subscribe to their weekly Market Pulse newsletter.
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It's a fantastic weekly email that you receive. It's got a snapshot what's been
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going on in the markets, and then to the most recent podcast as well.
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It is a great way to stay current with the weekly market. Paul's
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newsletter again that available to you at klossfinancial dot com and their telephone number six
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oh eight four four two five six three seven. No charge for that initial
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get to know you appointment tech Loss Financial. It will be complimentary to you
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again the telephone number six oh eight four four two five six three seven,
1:22
and you get on the air this morning six oh eight three two one thirteen
1:25
ten. That's three two one thirteen ten. As mentioned. Joined this week
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by CJ Class and Malia Wavis. C J. How are you doing this
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morning? Good morning, Sean, how are you? I'm doing really well?
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Melia? How have you been? Very good? It's a little icy
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outside this morning. If you haven't noticed, I know there's a their son
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in the forecast and a nice sunny day. Do we have Malia autumn?
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Can you hear me? There? We go? Ok, I think we
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hear Malia and now I'm Alia. Good morning, very southern California like this
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morning. Yeah, my car kind of skidded on the ice. Little ice
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out there on the road. Yeah, I don't know that. In the
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back roads, it is treacherous and spots good good point. You definitely want
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to be very very careful. Looks like it's going to be a great day
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ahead, and we've got a very popular conversation ahead. Anytime we talk about
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these two words social security, I know, we get a ton of questions,
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a lot of great conversation as well, and we're going to be talking
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about some of the things to know when it comes to taking social security and
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drawing soci security, all that stuff. I guess taking and drawing is the
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same thing. We're going to talk about that with CJ and Malia. Don't
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forget as well as we talk during the program, A really cool feature is
2:32
the Closs Quiz Question the Week. Will be doing one of those a little
2:36
bit later on the program. It's your chance to win a twenty five dollars
2:38
gift card to Starbucks from our friends at COLSS Financial. A little tip often
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if you listen closely to the show, not only does the question, but
2:46
the answer to the class Quiz Question Week comes up during the programs. There's
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a couple of great benefits to listening. One the great information and great knowledge
2:53
and great conversation. The other is is a great chance to win a fantastic
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prize again with the class Quiz Question the week. Speaking of the class Quiz
3:00
question, the week mentioned, we do it each and every week on the
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program. Let's actually take a look back at last week's show and last week's
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gloss quiz question the week and get the question and answer to last week's as
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well. Yeah, so we like to do a little trivia sometimes just to
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make sure people have their facts straight. And you know, we look at
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our you know, filing our income taxes every year and most people who are
3:23
waiting for refund it can't come to them fast enough. The rest are waiting
3:25
to pay what they have to pay. But it is interesting to note with
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our question last week was how many individual tax returns did the IRS process last
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tax tax year? For tax year twenty twenty two, multiple choice? Was
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it seventy five million or more than one hundred and fifty million tax returns?
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Julia Fitchburg, congratulations to her. She correctly answered more than one hundred and
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fifty million tax returns were processed. Actually it was one hundred and sixty two
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million. So we put these facts out there so you can wait patiently because
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they're working hard. There's a lot of tax returns they're looking at. So
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listen carefully for today's question. And last week's program was a great informational and
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enjoyable podcast. We mentioned. You can listen back always at Cossfinancial dot com.
4:12
That's k Laasfinancial dot com. You can also subscribe to the podcast right
4:15
at the website and learn more about Class Financial. Their telephone number six oh
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eight four four two five six three seven. No charge for that initial gets
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to know you appointment at Loss Financial. It will be complimentary to you again
4:27
their number six oh eight four four two five six three seven and phone lines
4:30
are open for you six oh eight three two one thirteen ten. That's six
4:33
oh eight three two one thirteen ten. Love to get you on there with
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Malia and CJ from Coss Financial. So we often talk about social security on
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the program, and of course a lot of us just assume that most people
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aspire to collect their benefits sooner than later. Now there's there is something when
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it comes to folks that are still working in considerations and thanks to think about
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regarding benefits and of course how ongoing employment may impact our benefit correct, CJ.
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Those areas you need to be careful of when it comes to social security.
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It's this idea of drawing social security early, so early as defined as
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anything before your full retirement age and the limitation you have on earnings before they
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start taking that benefit away. Now, this is often very very surprising to
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a lot of people. They say, Hey, I heard I can draw
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as early as sixty two, so I think I'm just going to do that,
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And we say are you still working? And then we have to,
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you know, be the bearers of bad news. Now, typically as you
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get closer to social Security, your friends and colleagues will start talking about this.
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But we're going to go through some of that on this show today.
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So since there's so much to understand about social Security and your benefits, we
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do try to regularly break down the nuts and bolts of what your benefit might
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look like and of course when might be the best time for you to actually
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draw that benefit. So the question again that we'll be focusing on is if
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you draw benefits early, how does that impact you? And then secondarily,
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when should you consider pulling your benefits? So step one is to evaluate how
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much income your other investments and retirement accounts thanks thank you know, IRA's pensions
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after tax accounts, how much other income you might have on a yearly basis,
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and then whether you will have any part time working income or spousal income,
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and then from there you can figure out what is the best time for
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you to begin taking your Social Security benefits. Step two is to determine your
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fr. If you've heard us on the show before, I think we've probably
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talked about FRA a hundred times. But remember FRA is short for your full
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retirement age, and it represents when you are eligible to make full or unreduced
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retirement benefit withdraws from Social Security at which time. Once you reach your FRA,
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your working income will have no effect on your benefit. Now that is
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the key. Once you reach your full unreduced Social Security benefit age, known
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as FRA, your working income will have no effect on your benefit going forward.
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So go to www dot SSA dot gov. You can set up a
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log into view your account at any time, and on there you'll be able
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to see what your FRA age is. This is another tricky part. People
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go, what do you mean what my FRA is? What is it?
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And I go, well, I can't tell you exactly because it depends.
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Your full retirement age depends upon when you were born. So if you don't
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know it, please listen closely to what I'm about to say. For anyone
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born between nineteen forty three and nineteen fifty four, your full retirement age is
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sixty six. For those born between nineteen fifty five and nineteen fifty nine,
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your full retirement age is sixty six plus some number of months, so sixty
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six and two months, four months, six months. You get the idea.
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If you were you're born after nineteen sixty. So again I'm raising my
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hand right now, I was born after nineteen sixty. For every American who
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was born after nineteen sixty, their full retirement age is sixty seven. So
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you see the point. Not every American's full retirement age is the same,
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but it's close. It's somewhere between sixty six and sixty seven. Now,
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you can choose to take your benefit, as I mentioned, as early as
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sixty two, but you need to remember that your benefit will be reduced.
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So, for example, if your full retirement age is say sixty six,
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so you're an American, Let's say you were born in nineteen fifty and your
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full retirement age is sixty six, and you decide to start receiving retirement benefits
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at say age sixty two, you will only get about seventy five percent of
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the monthly benefit that you would have received at your full retirement age, because
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you're drawing it for you know, four years earlier, so forty eight months
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earlier at age sixty five. So again, full retirement age is sixty six.
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I decide to draw at age sixty five, you will get ninety three
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point three percent of your monthly benefit is defined by your full retirement age,
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because you'll be getting an additional twelve months. This actually, if your financial
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nerds like we are, this makes perfect sense. It has to do with
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money today is worth more than money tomorrow. It's the idea of inflationary pressures
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and downward And not only that, but it's called an internal rate of return
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calculation based upon your death. So obviously, if you get four more years
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of income compared to a different version of yourself that would have waited to a
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later date, then that's going to have a downward impact on that benefit.
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Really, So there you go. There's a couple things to be aware of,
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really interesting stuff. So we talk with CJ. Colossi Molia Quavis,
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our retirement planning professionals from coloss Financial phone lines. They are open to you
9:45
right now. Love, do you have you join us? So I got
9:46
who just pick up, don't give us a call six oh eight three two
9:50
one thirteen ten. That's six oh eight three two one thirteen ten. We'll
9:52
get you right on the air with CJ and Maliam. Don't forget about Loss
9:56
Financials website colssfinancial dot com. That's k l AA financial dot com and their
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telephone number six oh eight four four two five, six three seven. No
10:05
charge for that initial get to know you appointment tech Loss Financial. It will
10:09
be complimentary to you again the number six oh eight four four two five six
10:13
three seven. What about CJ. If you decide you're going to take your
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Social Security benefit before retirement age and you're still earning income, Yeah, so
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this is what I was referencing at the beginning of the show. So this
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is one of those areas that people go, oh, I didn't know about
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this. So if you're retiring in twenty twenty four, let's say, and
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you reach your full retirement age in this year, but you're not yet there,
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then take note that you have an earnings limit of fifty nine thy five
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hundred and twenty dollars before Social Security will deduct from your benefit. If you
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go over this, social Security will deduct one dollar for every three dollars you
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earn until the month you reach full retirement age. Again, so think of
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this as I reach full retirement age this year. Let's say you know,
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bye by October this year, and I decide to draw benefits in January of
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this year, will you have some limits on your earnings and if you go
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over that for every three dollars over they take away one dollar of benefit.
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Now quick note, a lot of people go, what do you mean take
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away my benefit? They're not actually completely eliminating those dollars. They actually move
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them out and then like spread them out over your the rest of your retirement
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once you reach full retirement age. So it's not a penalty as much as
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they're trying to incentivize you to wait to full retirement age. Now, if
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you are retiring this year, but it's before you reach full retirement age,
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so think that you know I'm going to draw sixty three let's say so,
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well before I get to my full retirement age. So you need to know
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that if you decide to work part time, that Social Security will only allow
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you to earn twenty four, nine hundred and twenty dollars per year without your
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benefit being affected. So that fifty nine thousand number I mentioned is if you're
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in the year in which you turn your full retirement age. But what I'm
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talking about now is if you draw well before reaching full retirement age, so
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think sixty two, sixty three, sixty four, sixty five, anywhere in
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there, then your limit is twenty four nine and twenty dollars per year.
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And for every two dollars you go over that, they take one dollar away
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and then again push it out into the future and spread it out over your
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future benefits. So here's another way of saying this. If you're going to
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make over twenty five grand a year working before reaching full retirement age, don't
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draw Social Security. Let me just let me make it really simple. You're
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going to make over twenty five thousand dollars a year before reaching full retirement age
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for Social Security, don't draw it. Just wait. If you're not going
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to if you have a part time job where you're making fifteen grand a year,
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or if if you've fully retired and you have no plan on going back
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to work, well, then you can consider drawing early because they're not going
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to pull benefits away from you. But don't touch your social security if you
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are going to be working earning more than twenty five grand a year and you
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have yet to reach full retirement, really important distinction importance information as always,
13:15
fantastic stuff from our retirement planning professionals from Class Financial. Don't forget. If
13:18
you ever missed part of the show, you can always listen back at Cossfinancial
13:22
dot com. That's k l aa S Financial dot com. You can also
13:26
get to know the folks at COSS Financial and there's separate divisions as well.
13:28
Again that available to you at Cossfinancial dot com. That's k l aa S
13:33
Financial dot com. But telephon number for the office here in Madison six oh
13:35
eight four four two five six three seven, that first appointment at COSS Financial.
13:41
It will be complementary to you again their number six oh eight four four
13:45
two five six three seven. Great opportunity as well for you to get on
13:48
the air right now at six oh eight three two one thirteen ten. That's
13:50
six oh eight three two one thirteen ten. We'll talk about it. I
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know there's probably some folks as we've been talking this morning and saying, well
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what if I if I've reached my fra and I still want to work.
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We've got some good news for you. We'll get those details and take your
14:01
call next as Money in Motion with Class Financial continues here on thirteen ten WIBA.
14:09
This is Money in Motion with Class Financial, a fun and informative show
14:15
designed to help you get answers to all your retirement questions in one place.
14:22
Phone lines open right now for you six oh eight three two one thirteen ten.
14:26
That's six soh eight three two one thirteen ten. Love, do you
14:30
have you join us this morning chatting with CJ. Closs and Malia Quavis.
14:33
They are our retirement planning professionals from Class Financial. You can learn more about
14:37
Class Financial on their website Cossfinancial dot com. That's k l a A S
14:43
Financial dot com. Their telephone number six oh eight four four two five six
14:48
three seven. Don't forget that first appointment at Coss Financial. It will be
14:52
complementary to you. It's not going to cost you a thing for that first
14:56
conversation. All I gotta do is give them a call six soh eight four
14:58
four to two five six three seven. And the phone lines are open this
15:01
morning as well at six oh eight three two one thirteen ten. That's three
15:05
two one thirteen ten gets you on the air with CJ and Malia talking about
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social Security. It's not as cut and dry, I think. I think
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a lot of us have this this idea. I think, especially when we're
15:15
maybe younger and not actually thinking deeply about these things, like, oh,
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it's a simple thing to start collecting a paycheck, nothing to it. Oh
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my goodness, there's a lot to it and a lot of great information that
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first segment. Don't think you can always listen back at classfinancial dot com and
15:28
Maliah, you know one of those questions I know in that last segment when
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CJ was talking about some of the things to be aware of if you are
15:35
working and collecting Social Security and some of the some of the concerns and pitfalls
15:41
in that area. I know there's some folks, what if I already reached
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my full retirement age and I want to keep working, Is there is there
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some information they need to be aware of? Absolutely? I think you know
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it's skeetren sixty five. They're like, yay, I get to get on
15:52
Medicare. And I think for some people who don't want to stop, understandably,
15:58
so if they have, if you have actually reached that full retirement.
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Agent CJ was referencing, this is what you need to know. There is
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absolutely no limit to your earnings at that point, and your Social Security benefit
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will not be affected and your benefit can grow as a result. So if
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you're looking to receive, though, keep this in mind, the highest dollar
16:19
benefit that you're going to get from Social Security, you may still want to
16:23
consider waiting for your benefit. That's something you want to talk to your financial
16:29
advisor about. Because everyone half the population wants to collect Social Security as soon
16:33
as possible. The other half wants to make sure that that they're making sure
16:40
that that benefit is as rich as possible. So you want to look at
16:42
your own situation. But the next part we talk about many times on this
16:48
show. Again there's hesitation because many people don't want to wait. But we
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want you to be clued in that if you wait till age seventy to begin
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collecting your benefit. You've heard us talk about dr ces, which are delayed
17:00
retirement credits. So if you wait for every year you wait, there is
17:06
an additional amount that the Social Security Administration adds credits to. In this case,
17:11
your benefit can grow up to eight percent per year as a result of
17:15
those drcs or credits until you start taking those benefits or until you reach age
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seventy. So it doesn't mean you have to wait from full retirement age all
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the way to age seventy. You could take it at sixty eight or sixty
17:27
eight and some months or whatever that might be. But that's a guaranteed eight
17:32
percent per year, and that really is a good incentive for many people.
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Maybe not for both parties in your household, but maybe for at least one
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looking at that as a strategic plan. So one thing we do want to
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mention though, is that delayed credits do stop accruing at age seventy, whether
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or not you filed, so there's almost no reason not to pull. I'm
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sure there's some exceptions, but there's there's usually no reason not to pull once
18:02
you reach that age seventy as your benefit is not going to increase, so
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net impact is usually depends on your situation. Usually smart to wait if you
18:11
want your monthly check to be as big as it can be, and who
18:14
doesn't. This morning with Malia Quavis and CJ. Closs, our retirement plenty
18:18
professionals from class Financial, the website class financial dot com. That's k l
18:22
aas Financial dot com. Great data. Start that conversation with Class Financial.
18:27
All I get to do set up for the appointment six oh eight four four
18:30
two five six three seven. It's not going to cost you a thing for
18:33
the inactional get to know you appointment. That conversation will be complementary to you.
18:37
Again the telephone number six O eight four four two five six three seven.
18:41
So, Malia, when we talk about about this stuff. We talked
18:45
last week about taxes, and I know this time of year, top of
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everybody's mind. Do you have to pay taxes on that's so security benefit?
18:52
Yeah, so that's a great question. Just do you sean pay okay in
18:56
future? But you know, this is one of those things people scritch their
19:00
head about because they're like, well, I don't really think people used to
19:03
have to pay social taxings of their Social Security benefit. And that was actually
19:07
true, but that was going back a lot of years, almost forty years
19:11
ago. It was not taxable. But you should know that today your Social
19:15
Security is federally taxable under the following circumstances. So the short version here is,
19:22
if you file a federal tax return as an individual and your combined income
19:26
is combined from different sources between twenty five thousand and thirty four thousand, you
19:33
may have to pay income tax on up to fifty percent of your benefits.
19:37
Now, if it's less than twenty five thousand, you're not looking at having
19:41
to do that. If you have more than thirty four thousand of income,
19:47
up to eighty five percent of your benefits maybe taxable. Now, I didn't
19:51
say you're going to be charged eighty five percent of taxes. Okay, you're
19:56
not going there. It's just that eighty five percent of that whole benefit will
20:00
be be taxed. If you file a joint return, you and your spouse
20:03
have a combined income that's between thirty two and forty four thousand, again,
20:08
you may you may have to pay income tax on up to fifty percent of
20:11
those benefits. More than forty four thousand, up to eighty five percent your
20:18
benefits may be taxable. You should also know, depending on the state you
20:21
live in, this seems to be being adjusted every single year, but your
20:25
Social Security benefit may be taxed on this state level as well. So currently
20:29
there's eleven states that tax social Security. So you don't want to move there,
20:33
okay, Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana,
20:37
Nebraska, New Mexico, Rhode Island, Utah, and Vermont. They currently
20:41
do tax in varying degrees on your Social Security so just keep that in mind.
20:48
And I'd just like to go off topic for a quick second before CJ
20:51
takes over a couple quick announcements. We don't do this very often on money
20:56
emotion, but big announcement for Costs today is that we have we're announcing that
21:02
we have two new members to our LLC here at Class Financial. We've expanded
21:07
ownership and so we are welcoming mister Josh Sterling, who is our director of
21:12
portfolio Management, as well as mister Eric Schwartz, who is one of our
21:18
investment advisors and CFPS on staff. Want to just say welcome to them.
21:22
So happy you're still part of our team and helping drive the future. That
21:26
is so very cool. And now you can I think our listeners obviously familiar
21:30
with Eric, and of course you can learn about Josh as well. Right
21:33
on the website Class financial dot com. They are featured front and center center.
21:37
Congratulations, guys, really really good stuff to hear mentioned that website Class
21:41
financial dot com. They're tel for number six so eight four four two five
21:44
six three seven. No charge for the financial gets to know the appointment at
21:47
Loss Financial. It will be complimentary to you. We'll check in with CJ.
21:51
We'll find out and when it comes so security, when should you apply?
21:53
How should you apply? And we'll get some more details on that and
21:56
do the class quiz question of the week next as Money in Motion with Class
21:59
Finial continues right here on thirteen ten WIBA. This is Money in Motion with
22:07
Class Financial, a fun and informative show designed to help you get answers to
22:11
all your retirement questions in one place. Talking this morning with our retirement planning
22:15
professionals from Class Financial, CJ. Closs and Malia Quavis. Great website Class
22:21
financial dot com. That's k l aas Financial dot com. If you missed
22:25
any part of today's program, Yeah, sometimes we step out, we grab
22:27
some coffee or pick up a paper and miss part of the program. You
22:30
can always listen back to this and the previous shows up at classfinancial dot com
22:34
and subscribe to the podcast. There the telephone number six oh eight four four
22:38
two five six three seven. No charge for that initial get to Know your
22:41
appointment dec Loss Financial it will be complementary to you again their number six oh
22:47
eight four four two, five, six three seven. I also want to
22:48
hold on to that telphon'mer a little bit later in the segment. We'll
22:52
be doing our coss quiz question in the week. Talking this week though about
22:55
social Security and as we kind of wrap things up, kind of those final
22:59
questions, and I think people wonder about, like, how do I go
23:02
to go about applying for Social Security benefits this year? If I'm thinking about
23:06
starting them, when can I start receiving benefits at the earliest? And of
23:08
course finally, that cost of living increases impact the benefits with those? How
23:15
do those have COLA, those type of things, How does that affect things?
23:19
What if folks need to know there CJ. So the earliest you can
23:23
apply for benefits is and we talked about this is beginning at the age of
23:27
sixty two. Now we are talking about socialcurity retirement benefits. There are actually
23:32
other forms of Social Security benefits disability, spousal benefits, survivorship benefits. So
23:40
we are specifically referencing your Social Security retirement benefit off of your own record.
23:45
So the earliest you can apply for benefits off your own record is age sixty
23:48
two. And again this won't be your highest possible amount, as Malia just
23:52
lined out for us, but it is certainly an age that you could start
23:56
drawing if that made sense for you and your household. Now, when it
23:59
comes to apply, you can file for retirement or spousal benefits online. You
24:03
go to SSA dot gov. In the first box on the left says online
24:07
services. You can click on this and this will bring you to the popular
24:10
online services, and then you can pick the one that that says apply online.
24:15
Of course, you can also call Social Security. Their number is eight
24:18
hundred seven seven to two one two one three, and you can ask them
24:22
questions, or you can set up an appointment at your local Social Security office.
24:27
Now again, people often say, okay, I know the age I
24:32
want to apply, How how early did I go in? So that's interesting.
24:37
You could apply up to four months before you turn age sixty two,
24:41
or three months before you want to start receiving your benefits. So say you
24:45
want to start receiving them at sixty four and four months I don't know why,
24:48
maybe that's when you retire. You could therefore start start applying three months
24:53
before that, which would be sixty four and one months. Now, once
24:56
you've applied, it could take up to three months to receive your first benefit
25:02
payment. So think of it as, gosh, maybe I sign up a
25:04
couple months before and I want it to start. I don't know, We'll
25:07
just say March first, and then it turns out that March comes and goes,
25:11
and April comes and goes, and you're going, oh, what's happening.
25:15
Well, it can take a little bit of while envision social Security is
25:18
this locomotive, right, like to get a train with a lot of cars
25:23
behind it. Going takes a lot of energy, but once it goes,
25:26
it goes. So that's what we found with Social Security is it can take
25:30
a little time for that crank to get going, but once it goes,
25:33
it goes. Goes pretty well. And generally the day of the month you
25:37
will receive benefits depends on the birth date of the person on whose record you're
25:42
collecting. Just as an fyi. Now, also, if you are sixty
25:48
five, you can apply for Medicare and Social Security at the same time on
25:52
the soci Security website. That's just kind of an fyi to everybody. And
25:56
then final thought here is relates to Social Security befits is regarding COLA cost of
26:02
living adjustments. So every October, the Social Security Administration announces what their COLA
26:07
or their cost of living adjustment will be for the following year. All COLA
26:11
increases are then applied to Social Security benefits the following January. So think of
26:17
this as a calendar year adjustment to your benefit. You find out in October
26:22
what the COLA will be, and then starting in January, you get that
26:25
cola adjustment. But here's some interesting things just to be aware of as it
26:30
relates to that. Sometimes we'll have people who get that COLA announcement, but
26:36
then they also get an announcement that they have what's called an IRMA, an
26:40
income related Medicare adjustment amount, because maybe two years prior their income had been
26:45
high. Now we're not going to spend a lot of time today on IRMA,
26:48
but you can do some googling and find out what IERMA is. It
26:52
just means if you earn too much income, social Security is going to or
26:56
not even earned income. If you just have too much modified adjust to gross
26:59
income, your Social Security or i'm sorry, your Medicare. Part B and
27:03
Part D premiums could be adjusted up. So sometimes what will happen is you'll
27:07
hear people say, yeah, I got a raise on Social Security, but
27:11
it was all wiped out by the Medicare premium increases. That can happen if
27:17
the cola is really small, or that can happen if the cola is large,
27:22
but you ended up paying more for Medicare because of this income issue around
27:26
IRMA. So long story short, you're gonna want to speak with your financial
27:32
planner, your accountant just to understand what is happening here, What is impacting
27:37
my benefit? Is there anything I can do to control it? I will
27:41
admit to you all we spend an inordinate amount of time combing through tax returns,
27:48
combing through incomes, just to make sure that our clients don't accidentally bump
27:52
into a Medicare penalty, which the Medicare penalty unfortunately reduces the Social Security benefit
27:57
in the background. So probably too much. At the end of the show,
28:03
if you have any questions about that, feel free to call in or
28:06
talk to your advisor about what it is, What the heck it is that
28:07
I'm talking about. There's a lot of great information and as as CJ mentioned,
28:11
We're getting a lot of great stuff now. The thing is kind of
28:15
scratching the surfaces age and every week, and I know a lot of times
28:18
we start these conversations and as as you're listening, you're going, oh andle
28:22
know, different different synapses are firing or going wait, what about this?
28:25
What about that? That's one of the great things about that conversation. At
28:27
Cost Financial get to know them, they'd love to get to know you.
28:30
You can ask those specific questions. All I got to do is set up
28:33
that appointment right now at six O eight four four two five six three seven.
28:37
No charge for that initial get to know you appointment at Cost Financially.
28:40
It will indeed be complimentary to you again. Their number six oh eight four
28:44
four two five six three seven, the website cost financial dot com. That's
28:48
coss k l aas Financial dot com. Un tel number six O eight four
28:52
four two five six three seven. Hold on to that telephone number now because
28:55
it's time for the Closs Quiz Question of the Week. It works like this.
28:57
In just a moment, I'll ask you the Clubs Quiz question of the
29:00
week. You'll then have thirty minutes from the in today's program. But call
29:03
the Class Financial Office right here in Madison at six oh eight four four two,
29:07
five, six three seven. If you are the first call correct answer,
29:10
who win this week's prize, which is a twenty five dollars gift card
29:12
two Starbucks. This week's closs Quiz question the week is this true or false?
29:18
If you wait to begin collecting your Social Security benefit until after your full
29:23
retirement age, your benefits can grow by eight percent per year until age seventy.
29:30
Is that a true statement or false? Telephone number six oh eight for
29:33
thanks until Josh and Erica. Congratulations Josh Ben on the show before us on,
29:37
I'm like, wait, I know, I love you there. Impressive
29:41
guys, great to hear, awesome stuff. We're going to talk about an
29:44
interesting, as I would say, an undue like scenario yesterday, with the
29:48
details on that right afternoons here on thirteen ten. Wiba