Working and Social Security: Benefits Unveiled

None

Episode Transcript

(00:01):
This is Money in Motion with ClassFinancial, a fun and informative show designed
to help you get answers to allyour retirement questions in one place and our
phone lines they are open for youright now. If you have a question
for our retirement planning professionals from ClassFinancial love to have you join us this
week teleph number here at station sixoh eight three two one thirteen ten.

(00:25):
That's three two one thirteen ten.Joined this week by CJ. Closs and
Malia Quavis, our retirement planning professionalsfrom Class Financial. You can learn more
online their website coss Financial dot com. That's k Laasfinancial dot com. Great
website to learn more about Coss Financialtheir separate divisions. You can get to
know the team as well at ClassFinancial. Really cool feature. Also,

(00:46):
if you scroll down towards the bottom, you'll see a little envelope that says
stay current. From that you cansubscribe to their weekly Market Pulse newsletter.
It's a fantastic weekly email that youreceive. It's got a snapshot what's been
going on in the markets, andthen to the most recent podcast as well.
It is a great way to staycurrent with the weekly market. Paul's
newsletter again that available to you atklossfinancial dot com and their telephone number six

(01:10):
oh eight four four two five sixthree seven. No charge for that initial
get to know you appointment tech LossFinancial. It will be complimentary to you
again the telephone number six oh eightfour four two five six three seven,
and you get on the air thismorning six oh eight three two one thirteen
ten. That's three two one thirteenten. As mentioned. Joined this week
by CJ Class and Malia Wavis.C J. How are you doing this

(01:30):
morning? Good morning, Sean,how are you? I'm doing really well?
Melia? How have you been?Very good? It's a little icy
outside this morning. If you haven'tnoticed, I know there's a their son
in the forecast and a nice sunnyday. Do we have Malia autumn?
Can you hear me? There?We go? Ok, I think we

(01:51):
hear Malia and now I'm Alia.Good morning, very southern California like this
morning. Yeah, my car kindof skidded on the ice. Little ice
out there on the road. Yeah, I don't know that. In the
back roads, it is treacherous andspots good good point. You definitely want
to be very very careful. Lookslike it's going to be a great day
ahead, and we've got a verypopular conversation ahead. Anytime we talk about

(02:13):
these two words social security, Iknow, we get a ton of questions,
a lot of great conversation as well, and we're going to be talking
about some of the things to knowwhen it comes to taking social security and
drawing soci security, all that stuff. I guess taking and drawing is the
same thing. We're going to talkabout that with CJ and Malia. Don't
forget as well as we talk duringthe program, A really cool feature is
the Closs Quiz Question the Week.Will be doing one of those a little

(02:36):
bit later on the program. It'syour chance to win a twenty five dollars
gift card to Starbucks from our friendsat COLSS Financial. A little tip often
if you listen closely to the show, not only does the question, but
the answer to the class Quiz QuestionWeek comes up during the programs. There's
a couple of great benefits to listening. One the great information and great knowledge
and great conversation. The other isis a great chance to win a fantastic
prize again with the class Quiz Questionthe week. Speaking of the class Quiz

(03:00):
question, the week mentioned, wedo it each and every week on the
program. Let's actually take a lookback at last week's show and last week's
gloss quiz question the week and getthe question and answer to last week's as
well. Yeah, so we liketo do a little trivia sometimes just to
make sure people have their facts straight. And you know, we look at
our you know, filing our incometaxes every year and most people who are

(03:23):
waiting for refund it can't come tothem fast enough. The rest are waiting
to pay what they have to pay. But it is interesting to note with
our question last week was how manyindividual tax returns did the IRS process last
tax tax year? For tax yeartwenty twenty two, multiple choice? Was
it seventy five million or more thanone hundred and fifty million tax returns?

(03:45):
Julia Fitchburg, congratulations to her.She correctly answered more than one hundred and
fifty million tax returns were processed.Actually it was one hundred and sixty two
million. So we put these factsout there so you can wait patiently because
they're working hard. There's a lotof tax returns they're looking at. So
listen carefully for today's question. Andlast week's program was a great informational and

(04:08):
enjoyable podcast. We mentioned. Youcan listen back always at Cossfinancial dot com.
That's k Laasfinancial dot com. Youcan also subscribe to the podcast right
at the website and learn more aboutClass Financial. Their telephone number six oh
eight four four two five six threeseven. No charge for that initial gets
to know you appointment at Loss Financial. It will be complimentary to you again
their number six oh eight four fourtwo five six three seven and phone lines

(04:30):
are open for you six oh eightthree two one thirteen ten. That's six
oh eight three two one thirteen ten. Love to get you on there with
Malia and CJ from Coss Financial.So we often talk about social security on
the program, and of course alot of us just assume that most people
aspire to collect their benefits sooner thanlater. Now there's there is something when
it comes to folks that are stillworking in considerations and thanks to think about

(04:53):
regarding benefits and of course how ongoingemployment may impact our benefit correct, CJ.
Those areas you need to be carefulof when it comes to social security.
It's this idea of drawing social securityearly, so early as defined as
anything before your full retirement age andthe limitation you have on earnings before they

(05:16):
start taking that benefit away. Now, this is often very very surprising to
a lot of people. They say, Hey, I heard I can draw
as early as sixty two, soI think I'm just going to do that,
And we say are you still working? And then we have to,
you know, be the bearers ofbad news. Now, typically as you
get closer to social Security, yourfriends and colleagues will start talking about this.

(05:36):
But we're going to go through someof that on this show today.
So since there's so much to understandabout social Security and your benefits, we
do try to regularly break down thenuts and bolts of what your benefit might
look like and of course when mightbe the best time for you to actually
draw that benefit. So the questionagain that we'll be focusing on is if

(05:58):
you draw benefits early, how doesthat impact you? And then secondarily,
when should you consider pulling your benefits? So step one is to evaluate how
much income your other investments and retirementaccounts thanks thank you know, IRA's pensions
after tax accounts, how much otherincome you might have on a yearly basis,
and then whether you will have anypart time working income or spousal income,

(06:23):
and then from there you can figureout what is the best time for
you to begin taking your Social Securitybenefits. Step two is to determine your
fr. If you've heard us onthe show before, I think we've probably
talked about FRA a hundred times.But remember FRA is short for your full
retirement age, and it represents whenyou are eligible to make full or unreduced

(06:46):
retirement benefit withdraws from Social Security atwhich time. Once you reach your FRA,
your working income will have no effecton your benefit. Now that is
the key. Once you reach yourfull unreduced Social Security benefit age, known
as FRA, your working income willhave no effect on your benefit going forward.

(07:09):
So go to www dot SSA dotgov. You can set up a
log into view your account at anytime, and on there you'll be able
to see what your FRA age is. This is another tricky part. People
go, what do you mean whatmy FRA is? What is it?
And I go, well, Ican't tell you exactly because it depends.
Your full retirement age depends upon whenyou were born. So if you don't

(07:33):
know it, please listen closely towhat I'm about to say. For anyone
born between nineteen forty three and nineteenfifty four, your full retirement age is
sixty six. For those born betweennineteen fifty five and nineteen fifty nine,
your full retirement age is sixty sixplus some number of months, so sixty

(07:55):
six and two months, four months, six months. You get the idea.
If you were you're born after nineteensixty. So again I'm raising my
hand right now, I was bornafter nineteen sixty. For every American who
was born after nineteen sixty, theirfull retirement age is sixty seven. So
you see the point. Not everyAmerican's full retirement age is the same,

(08:15):
but it's close. It's somewhere betweensixty six and sixty seven. Now,
you can choose to take your benefit, as I mentioned, as early as
sixty two, but you need toremember that your benefit will be reduced.
So, for example, if yourfull retirement age is say sixty six,
so you're an American, Let's sayyou were born in nineteen fifty and your
full retirement age is sixty six,and you decide to start receiving retirement benefits

(08:39):
at say age sixty two, youwill only get about seventy five percent of
the monthly benefit that you would havereceived at your full retirement age, because
you're drawing it for you know,four years earlier, so forty eight months
earlier at age sixty five. Soagain, full retirement age is sixty six.
I decide to draw at age sixtyfive, you will get ninety three

(09:01):
point three percent of your monthly benefitis defined by your full retirement age,
because you'll be getting an additional twelvemonths. This actually, if your financial
nerds like we are, this makesperfect sense. It has to do with
money today is worth more than moneytomorrow. It's the idea of inflationary pressures
and downward And not only that,but it's called an internal rate of return

(09:22):
calculation based upon your death. Soobviously, if you get four more years
of income compared to a different versionof yourself that would have waited to a
later date, then that's going tohave a downward impact on that benefit.
Really, So there you go.There's a couple things to be aware of,
really interesting stuff. So we talkwith CJ. Colossi Molia Quavis,
our retirement planning professionals from coloss Financialphone lines. They are open to you

(09:45):
right now. Love, do youhave you join us? So I got
who just pick up, don't giveus a call six oh eight three two
one thirteen ten. That's six oheight three two one thirteen ten. We'll
get you right on the air withCJ and Maliam. Don't forget about Loss
Financials website colssfinancial dot com. That'sk l AA financial dot com and their
telephone number six oh eight four fourtwo five, six three seven. No
charge for that initial get to knowyou appointment tech Loss Financial. It will

(10:09):
be complimentary to you again the numbersix oh eight four four two five six
three seven. What about CJ.If you decide you're going to take your
Social Security benefit before retirement age andyou're still earning income, Yeah, so
this is what I was referencing atthe beginning of the show. So this
is one of those areas that peoplego, oh, I didn't know about
this. So if you're retiring intwenty twenty four, let's say, and

(10:31):
you reach your full retirement age inthis year, but you're not yet there,
then take note that you have anearnings limit of fifty nine thy five
hundred and twenty dollars before Social Securitywill deduct from your benefit. If you
go over this, social Security willdeduct one dollar for every three dollars you
earn until the month you reach fullretirement age. Again, so think of

(10:54):
this as I reach full retirement agethis year. Let's say you know,
bye by October this year, andI decide to draw benefits in January of
this year, will you have somelimits on your earnings and if you go
over that for every three dollars overthey take away one dollar of benefit.
Now quick note, a lot ofpeople go, what do you mean take
away my benefit? They're not actuallycompletely eliminating those dollars. They actually move

(11:18):
them out and then like spread themout over your the rest of your retirement
once you reach full retirement age.So it's not a penalty as much as
they're trying to incentivize you to waitto full retirement age. Now, if
you are retiring this year, butit's before you reach full retirement age,
so think that you know I'm goingto draw sixty three let's say so,

(11:39):
well before I get to my fullretirement age. So you need to know
that if you decide to work parttime, that Social Security will only allow
you to earn twenty four, ninehundred and twenty dollars per year without your
benefit being affected. So that fiftynine thousand number I mentioned is if you're

(12:00):
in the year in which you turnyour full retirement age. But what I'm
talking about now is if you drawwell before reaching full retirement age, so
think sixty two, sixty three,sixty four, sixty five, anywhere in
there, then your limit is twentyfour nine and twenty dollars per year.
And for every two dollars you goover that, they take one dollar away

(12:20):
and then again push it out intothe future and spread it out over your
future benefits. So here's another wayof saying this. If you're going to
make over twenty five grand a yearworking before reaching full retirement age, don't
draw Social Security. Let me justlet me make it really simple. You're
going to make over twenty five thousanddollars a year before reaching full retirement age

(12:45):
for Social Security, don't draw it. Just wait. If you're not going
to if you have a part timejob where you're making fifteen grand a year,
or if if you've fully retired andyou have no plan on going back
to work, well, then youcan consider drawing early because they're not going
to pull benefits away from you.But don't touch your social security if you

(13:05):
are going to be working earning morethan twenty five grand a year and you
have yet to reach full retirement,really important distinction importance information as always,
fantastic stuff from our retirement planning professionalsfrom Class Financial. Don't forget. If
you ever missed part of the show, you can always listen back at Cossfinancial
dot com. That's k l aaS Financial dot com. You can also

(13:26):
get to know the folks at COSSFinancial and there's separate divisions as well.
Again that available to you at Cossfinancialdot com. That's k l aa S
Financial dot com. But telephon numberfor the office here in Madison six oh
eight four four two five six threeseven, that first appointment at COSS Financial.
It will be complementary to you againtheir number six oh eight four four
two five six three seven. Greatopportunity as well for you to get on

(13:48):
the air right now at six oheight three two one thirteen ten. That's
six oh eight three two one thirteenten. We'll talk about it. I
know there's probably some folks as we'vebeen talking this morning and saying, well
what if I if I've reached myfra and I still want to work.
We've got some good news for you. We'll get those details and take your
call next as Money in Motion withClass Financial continues here on thirteen ten WIBA.

(14:09):
This is Money in Motion with ClassFinancial, a fun and informative show
designed to help you get answers toall your retirement questions in one place.
Phone lines open right now for yousix oh eight three two one thirteen ten.
That's six soh eight three two onethirteen ten. Love, do you

(14:30):
have you join us this morning chattingwith CJ. Closs and Malia Quavis.
They are our retirement planning professionals fromClass Financial. You can learn more about
Class Financial on their website Cossfinancial dotcom. That's k l a A S
Financial dot com. Their telephone numbersix oh eight four four two five six
three seven. Don't forget that firstappointment at Coss Financial. It will be

(14:52):
complementary to you. It's not goingto cost you a thing for that first
conversation. All I gotta do isgive them a call six soh eight four
four to two five six three seven. And the phone lines are open this
morning as well at six oh eightthree two one thirteen ten. That's three
two one thirteen ten gets you onthe air with CJ and Malia talking about
social Security. It's not as cutand dry, I think. I think

(15:13):
a lot of us have this thisidea. I think, especially when we're
maybe younger and not actually thinking deeplyabout these things, like, oh,
it's a simple thing to start collectinga paycheck, nothing to it. Oh
my goodness, there's a lot toit and a lot of great information that
first segment. Don't think you canalways listen back at classfinancial dot com and
Maliah, you know one of thosequestions I know in that last segment when
CJ was talking about some of thethings to be aware of if you are

(15:35):
working and collecting Social Security and someof the some of the concerns and pitfalls
in that area. I know there'ssome folks, what if I already reached
my full retirement age and I wantto keep working, Is there is there
some information they need to be awareof? Absolutely? I think you know
it's skeetren sixty five. They're like, yay, I get to get on
Medicare. And I think for somepeople who don't want to stop, understandably,

(15:58):
so if they have, if youhave actually reached that full retirement.
Agent CJ was referencing, this iswhat you need to know. There is
absolutely no limit to your earnings atthat point, and your Social Security benefit
will not be affected and your benefitcan grow as a result. So if
you're looking to receive, though,keep this in mind, the highest dollar

(16:19):
benefit that you're going to get fromSocial Security, you may still want to
consider waiting for your benefit. That'ssomething you want to talk to your financial
advisor about. Because everyone half thepopulation wants to collect Social Security as soon
as possible. The other half wantsto make sure that that they're making sure

(16:40):
that that benefit is as rich aspossible. So you want to look at
your own situation. But the nextpart we talk about many times on this
show. Again there's hesitation because manypeople don't want to wait. But we
want you to be clued in thatif you wait till age seventy to begin
collecting your benefit. You've heard ustalk about dr ces, which are delayed

(17:00):
retirement credits. So if you waitfor every year you wait, there is
an additional amount that the Social SecurityAdministration adds credits to. In this case,
your benefit can grow up to eightpercent per year as a result of
those drcs or credits until you starttaking those benefits or until you reach age

(17:22):
seventy. So it doesn't mean youhave to wait from full retirement age all
the way to age seventy. Youcould take it at sixty eight or sixty
eight and some months or whatever thatmight be. But that's a guaranteed eight
percent per year, and that reallyis a good incentive for many people.
Maybe not for both parties in yourhousehold, but maybe for at least one

(17:42):
looking at that as a strategic plan. So one thing we do want to
mention though, is that delayed creditsdo stop accruing at age seventy, whether
or not you filed, so there'salmost no reason not to pull. I'm
sure there's some exceptions, but there'sthere's usually no reason not to pull once
you reach that age seventy as yourbenefit is not going to increase, so

(18:06):
net impact is usually depends on yoursituation. Usually smart to wait if you
want your monthly check to be asbig as it can be, and who
doesn't. This morning with Malia Quavisand CJ. Closs, our retirement plenty
professionals from class Financial, the websiteclass financial dot com. That's k l
aas Financial dot com. Great data. Start that conversation with Class Financial.

(18:27):
All I get to do set upfor the appointment six oh eight four four
two five six three seven. It'snot going to cost you a thing for
the inactional get to know you appointment. That conversation will be complementary to you.
Again the telephone number six O eightfour four two five six three seven.
So, Malia, when we talkabout about this stuff. We talked
last week about taxes, and Iknow this time of year, top of

(18:48):
everybody's mind. Do you have topay taxes on that's so security benefit?
Yeah, so that's a great question. Just do you sean pay okay in
future? But you know, thisis one of those things people scritch their
head about because they're like, well, I don't really think people used to
have to pay social taxings of theirSocial Security benefit. And that was actually
true, but that was going backa lot of years, almost forty years

(19:11):
ago. It was not taxable.But you should know that today your Social
Security is federally taxable under the followingcircumstances. So the short version here is,
if you file a federal tax returnas an individual and your combined income
is combined from different sources between twentyfive thousand and thirty four thousand, you

(19:33):
may have to pay income tax onup to fifty percent of your benefits.
Now, if it's less than twentyfive thousand, you're not looking at having
to do that. If you havemore than thirty four thousand of income,
up to eighty five percent of yourbenefits maybe taxable. Now, I didn't
say you're going to be charged eightyfive percent of taxes. Okay, you're

(19:56):
not going there. It's just thateighty five percent of that whole benefit will
be be taxed. If you filea joint return, you and your spouse
have a combined income that's between thirtytwo and forty four thousand, again,
you may you may have to payincome tax on up to fifty percent of
those benefits. More than forty fourthousand, up to eighty five percent your

(20:18):
benefits may be taxable. You shouldalso know, depending on the state you
live in, this seems to bebeing adjusted every single year, but your
Social Security benefit may be taxed onthis state level as well. So currently
there's eleven states that tax social Security. So you don't want to move there,
okay, Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana,
Nebraska, New Mexico, Rhode Island, Utah, and Vermont. They currently

(20:41):
do tax in varying degrees on yourSocial Security so just keep that in mind.
And I'd just like to go offtopic for a quick second before CJ
takes over a couple quick announcements.We don't do this very often on money
emotion, but big announcement for Coststoday is that we have we're announcing that

(21:02):
we have two new members to ourLLC here at Class Financial. We've expanded
ownership and so we are welcoming misterJosh Sterling, who is our director of
portfolio Management, as well as misterEric Schwartz, who is one of our
investment advisors and CFPS on staff.Want to just say welcome to them.
So happy you're still part of ourteam and helping drive the future. That

(21:26):
is so very cool. And nowyou can I think our listeners obviously familiar
with Eric, and of course youcan learn about Josh as well. Right
on the website Class financial dot com. They are featured front and center center.
Congratulations, guys, really really goodstuff to hear mentioned that website Class
financial dot com. They're tel fornumber six so eight four four two five
six three seven. No charge forthe financial gets to know the appointment at

(21:47):
Loss Financial. It will be complimentaryto you. We'll check in with CJ.
We'll find out and when it comesso security, when should you apply?
How should you apply? And we'llget some more details on that and
do the class quiz question of theweek next as Money in Motion with Class
Finial continues right here on thirteen tenWIBA. This is Money in Motion with

(22:07):
Class Financial, a fun and informativeshow designed to help you get answers to
all your retirement questions in one place. Talking this morning with our retirement planning
professionals from Class Financial, CJ.Closs and Malia Quavis. Great website Class
financial dot com. That's k laas Financial dot com. If you missed
any part of today's program, Yeah, sometimes we step out, we grab
some coffee or pick up a paperand miss part of the program. You

(22:30):
can always listen back to this andthe previous shows up at classfinancial dot com
and subscribe to the podcast. Therethe telephone number six oh eight four four
two five six three seven. Nocharge for that initial get to Know your
appointment dec Loss Financial it will becomplementary to you again their number six oh
eight four four two, five,six three seven. I also want to
hold on to that telphon'mer alittle bit later in the segment. We'll

(22:52):
be doing our coss quiz question inthe week. Talking this week though about
social Security and as we kind ofwrap things up, kind of those final
questions, and I think people wonderabout, like, how do I go
to go about applying for Social Securitybenefits this year? If I'm thinking about
starting them, when can I startreceiving benefits at the earliest? And of
course finally, that cost of livingincreases impact the benefits with those? How

(23:15):
do those have COLA, those typeof things, How does that affect things?
What if folks need to know thereCJ. So the earliest you can
apply for benefits is and we talkedabout this is beginning at the age of
sixty two. Now we are talkingabout socialcurity retirement benefits. There are actually
other forms of Social Security benefits disability, spousal benefits, survivorship benefits. So

(23:40):
we are specifically referencing your Social Securityretirement benefit off of your own record.
So the earliest you can apply forbenefits off your own record is age sixty
two. And again this won't beyour highest possible amount, as Malia just
lined out for us, but itis certainly an age that you could start
drawing if that made sense for youand your household. Now, when it
comes to apply, you can filefor retirement or spousal benefits online. You

(24:03):
go to SSA dot gov. Inthe first box on the left says online
services. You can click on thisand this will bring you to the popular
online services, and then you canpick the one that that says apply online.
Of course, you can also callSocial Security. Their number is eight
hundred seven seven to two one twoone three, and you can ask them
questions, or you can set upan appointment at your local Social Security office.

(24:27):
Now again, people often say,okay, I know the age I
want to apply, How how earlydid I go in? So that's interesting.
You could apply up to four monthsbefore you turn age sixty two,
or three months before you want tostart receiving your benefits. So say you
want to start receiving them at sixtyfour and four months I don't know why,

(24:48):
maybe that's when you retire. Youcould therefore start start applying three months
before that, which would be sixtyfour and one months. Now, once
you've applied, it could take upto three months to receive your first benefit
payment. So think of it as, gosh, maybe I sign up a
couple months before and I want itto start. I don't know, We'll
just say March first, and thenit turns out that March comes and goes,

(25:11):
and April comes and goes, andyou're going, oh, what's happening.
Well, it can take a littlebit of while envision social Security is
this locomotive, right, like toget a train with a lot of cars
behind it. Going takes a lotof energy, but once it goes,
it goes. So that's what wefound with Social Security is it can take
a little time for that crank toget going, but once it goes,

(25:33):
it goes. Goes pretty well.And generally the day of the month you
will receive benefits depends on the birthdate of the person on whose record you're
collecting. Just as an fyi.Now, also, if you are sixty
five, you can apply for Medicareand Social Security at the same time on
the soci Security website. That's justkind of an fyi to everybody. And

(25:56):
then final thought here is relates toSocial Security befits is regarding COLA cost of
living adjustments. So every October,the Social Security Administration announces what their COLA
or their cost of living adjustment willbe for the following year. All COLA
increases are then applied to Social Securitybenefits the following January. So think of

(26:17):
this as a calendar year adjustment toyour benefit. You find out in October
what the COLA will be, andthen starting in January, you get that
cola adjustment. But here's some interestingthings just to be aware of as it
relates to that. Sometimes we'll havepeople who get that COLA announcement, but
then they also get an announcement thatthey have what's called an IRMA, an

(26:40):
income related Medicare adjustment amount, becausemaybe two years prior their income had been
high. Now we're not going tospend a lot of time today on IRMA,
but you can do some googling andfind out what IERMA is. It
just means if you earn too muchincome, social Security is going to or
not even earned income. If youjust have too much modified adjust to gross
income, your Social Security or i'msorry, your Medicare. Part B and

(27:03):
Part D premiums could be adjusted up. So sometimes what will happen is you'll
hear people say, yeah, Igot a raise on Social Security, but
it was all wiped out by theMedicare premium increases. That can happen if
the cola is really small, orthat can happen if the cola is large,
but you ended up paying more forMedicare because of this income issue around

(27:26):
IRMA. So long story short,you're gonna want to speak with your financial
planner, your accountant just to understandwhat is happening here, What is impacting
my benefit? Is there anything Ican do to control it? I will
admit to you all we spend aninordinate amount of time combing through tax returns,

(27:48):
combing through incomes, just to makesure that our clients don't accidentally bump
into a Medicare penalty, which theMedicare penalty unfortunately reduces the Social Security benefit
in the background. So probably toomuch. At the end of the show,
if you have any questions about that, feel free to call in or
talk to your advisor about what itis, What the heck it is that
I'm talking about. There's a lotof great information and as as CJ mentioned,

(28:11):
We're getting a lot of great stuffnow. The thing is kind of
scratching the surfaces age and every week, and I know a lot of times
we start these conversations and as asyou're listening, you're going, oh andle
know, different different synapses are firingor going wait, what about this?
What about that? That's one ofthe great things about that conversation. At
Cost Financial get to know them,they'd love to get to know you.
You can ask those specific questions.All I got to do is set up

(28:33):
that appointment right now at six Oeight four four two five six three seven.
No charge for that initial get toknow you appointment at Cost Financially.
It will indeed be complimentary to youagain. Their number six oh eight four
four two five six three seven,the website cost financial dot com. That's
coss k l aas Financial dot com. Un tel number six O eight four
four two five six three seven.Hold on to that telephone number now because

(28:55):
it's time for the Closs Quiz Questionof the Week. It works like this.
In just a moment, I'll askyou the Clubs Quiz question of the
week. You'll then have thirty minutesfrom the in today's program. But call
the Class Financial Office right here inMadison at six oh eight four four two,
five, six three seven. Ifyou are the first call correct answer,
who win this week's prize, whichis a twenty five dollars gift card
two Starbucks. This week's closs Quizquestion the week is this true or false?

(29:18):
If you wait to begin collecting yourSocial Security benefit until after your full
retirement age, your benefits can growby eight percent per year until age seventy.
Is that a true statement or false? Telephone number six oh eight for
thanks until Josh and Erica. CongratulationsJosh Ben on the show before us on,
I'm like, wait, I know, I love you there. Impressive

(29:41):
guys, great to hear, awesomestuff. We're going to talk about an
interesting, as I would say,an undue like scenario yesterday, with the
details on that right afternoons here onthirteen ten. Wiba