What are the biggest Social Security and retirement mistakes retirees make? Toby Mathis and Erin Moriarity break down when to claim Social Security, Social Security taxes, Roth conversions, Medicare and IRMAA surcharges, the 4% rule, retirement income strategies, long-term care costs, and how to avoid running out of money in retirement.
Learn how smarter Social Security planning, Medicare planning, tax strategies, and retirement withdrawal decisions can help you build a more secure retirement.
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https://www.youtube.com/@ErinTalksMoney
Medicare Resource Mentioned in This Video:
https://askchapter.org/
Many people do not realize how much of their social security benefits may be taxable until it is too late.
By identifying these frequent social security taxes issues early, you can adjust your strategy to keep more of your money. This discussion is designed for anyone approaching retirement age who wants to avoid costly errors.
Subscribe for weekly retirement planning mistakes breakdowns, and comment below with the specific social security question you want us to cover next.
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Chapters:
0:00 Intro
1:49 Do You Have to Claim Social Security When You Retire?
2:28 Social Security Strategies for Married Couples
3:13 Social Security at 62 vs. 67 vs. 70
4:14 How Much Social Security Could You Receive?
5:19 The Social Security Break-Even Point
6:49 Building a Reliable Retirement Income Floor
7:49 How Social Security Benefits Are Taxed
10:25 Retirement Tax Brackets & Roth Conversions
11:21 When Roth Conversions Actually Make Sense
12:23 Qualified Charitable Distributions in Retirement
13:40 The Retirement Income Retirees Forget About
15:58 The Medicare IRMAA Surcharge Surprise
17:44 Medicare at 65: What Retirees Need to Know
19:00 Medicare Parts A, B, C & D Explained
20:49 Medicare Advantage vs. Medigap
22:26 Why Retirees Are Afraid to Spend Their Money
25:48 Is the 4% Retirement Rule Too Conservative?
27:22 The Biggest Fear Retirees Face
30:55 The Truth About Long-Term Care Statistics
32:12 Will Social Security Run Out of Money?
32:52 Final Retirement Takeaways
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at
https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#SocialSecurity #RetirementPlanning #Retirement 
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