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In this episode, we ask:
- Who is Bill Rainaldi?
- What is Social Security? When was it started?
- How much of your income is withheld from your pay for Social Security?
- How does Medicare factor in?
- What is the average Social Security income?
- Can you rely on Social Security in retirement?
- How long do you have to work before you qualify for Social Security?
- What is a spousal benefit?
- What are the mistakes people make with Social Security?
- How much do these mistakes cost?
- Are the Social Security personnel unable to give financial advice?
- What is a survivor benefit?
- Why is it important to consider your spouse in the decision on when to claim the benefit?
- What if there is an age difference with the spouse?
- What is the earnings test?
- What is the most common age for people choosing to receive the benefit?
- What happens if you’re still working?
- Are you trying too hard to get the maximum benefit?
- How does the formula work?
- Who benefits more from Social Security – a high or low income person?
- What is the rate Social Security benefits are taxed at?
- Are you making too much in income?
- Is Medicare free?
- What about Medicare Part B?
- What is MAGI?
- How can you manage your benefits properly?
- What about Medicare Part D?
- How do you stay below certain thresholds?
- Can your Social Security benefit go down?
- What about brackets?
- Will Social Security be around in the future?
- What is happening with the retirement age?
- What action steps can you take to better prepare for Social Security?
- Can you live on Social Security benefits alone?
- Have you and your spouse visited ssa.gov to find your best claim option?
- Would you like a free Social Security analysis? Book A Meeting
A Lehigh University graduate, William Rainaldi is a Regional Vice President for Security Mutual Life Insurance Company of Binghamton, NY. He is a leading U.S. authority on Social Security and its impact on retirement planning. He has an extensive background in life insurance, business & investment concepts and computer technology.
In 2015 he was the featured presenter in a series of Social Security webinars sponsored by Trusts and Estates magazine and Wealthmangement.com. In 2017, he was a featured guest on Laura Adams’ Money Girl podcast, produced by Macmillan Publishing.
Mr. Rainaldi is a Certified Financial Planner™ and an Accredited Estate Planner (AEP). He is married with three children and two grandchildren. You can reach Bill via email at WRainald@SMLNY.com.
