October 1, 2025 • 42 mins
Most investors don't fail because they lack intelligence or good intentions-they fail because they let emotions drive their decisions. Bonita shares the sobering mistakes she made before really learning how the investing world works. My concept called The Ineffective Investor Loop explores how fear, greed and overconfidence keep people stuck in patterns that sabotage wealth building. We'll break down why following the rules of the game-not your gut-is the key to winning in the markets.
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Ask Good Questions is broadcast live Wednesdays at 6PM ET on W4CY Radio (www.w4cy.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). Ask Good Questions is viewed on Talk 4 TV (www.talk4tv.com).
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Episode Transcript
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Speaker 1 (00:00):
The topics and opinions expressed in the following show are
solely those of the hosts and their guests and not
those of W FOURCY Radio. It's employees are affiliates. We
make no recommendations or endorsements for radio show programs, services,
or products mentioned on air or on our web. No
liability explicit or implies shall be extended to W FOURCY
Radio or it's employees are affiliates. Any questions or comments
should be directed to those show hosts. Thank you for
(00:20):
choosing W FOURCY Radio.
Speaker 2 (00:29):
Welcome to to Ask Good Questions Podcasts, broadcasting live every Wednesday,
six pm Eastern Time on W four CY Radio at
w fourcy dot com. This week and every week, we
will reach for a higher purpose in money and life,
as well as a focus on health and wellness. Now,
(00:49):
let's join your host, Anita bell Anderson, as together we
start with Asking Good Questions.
Speaker 3 (01:01):
Hello, and welcome to the Ask Good Questions podcast. I
am your host, Anita bell Anderson, and today we are
talking about savvy social security planning for women. So I
have some slides that I will put up on the
screen now. So thank you so much. I'm so glad
(01:26):
you're here. This is so important. Today we are gonna
be talking about something that is really super important for women.
I have been dealing with women clients and helping women
clients for about the last twenty five years, and women
represent about fifty six percent of all soil security beneficiaries
(01:47):
age sixty two and older and about sixty six percent
of all beneficiaries age eighty five and older. Whether you're
married or single, divorced or widow, there are certain strategies
you can use, and I am I. The reason I'm
here is because I want you to get this right,
(02:08):
because I want you to have the maximum benefits for
your lifetime. So we're going to talk about some of
these strategies today. So how confident are you in your
ability to retire comfortably? You know, I've got women clients
across the spectrum from very low income to very high income.
(02:32):
The question was recently posed this question to fifty nine
hundred men and women who are still working. So, not surprisingly,
women are less confident in their ability to retire comfortably.
Thirty six percent said they were either not too confident
(02:52):
or not at all confident, compared to twenty eight percent
of men. So another survey, I asked about some of
the financial aspects of retirement. Will you have enough money
to live comfortably throughout your retirement years? Only eleven percent
(03:14):
of unmarried women said yes. Okay, so forget about living comfortably.
Will you have enough to meet basic expenses during retirement?
Just twenty three percent of unmarried women said yes. Are
you doing a good job of preparing financially for retirement?
Only fifteen percent of unmarried women said yes. So you'll
(03:38):
see that my email address is scrolling if you have questions.
I've also written a book for divorced or women who
have lost your spouse about all of the issues around finances.
When you email me, I will give you the link
for going out to Amazon to get the book. But
(04:00):
remember that many of these this thing that we're looking
at on the screen right now, many of these unmarried
women were once married, whether through divorce or widowhood. Many
married women wind up single at the end of their life.
It's just the case, right. So here's a quote. Women
(04:23):
in general have greater concerns about their retirement security, yet
do less than needed to plan for adequately addressing those concerns.
This quote came from a study by MetLife on women,
retirement and the extra long life. Unfortunately it's true in
(04:45):
too many cases. But at least you're here, whether this
is a first step for you or you're one of
the savvy ones who have been planning for retirement all along,
gathering information about social security and other sources of income.
Retirement is what you need to do to take care
of yourself financially, all right, So here's women's realities. It
(05:16):
offers income you can't outlive. Idam a Fuller who was
the first recipient of a monthly SOD security check, lived
to be one hundred and this is back in the
nineteen forties. She receives sold security right up until the
month she died. If your monthly Social Security benefit is
two thousand and you live ten more years, you'll receive
(05:39):
a total of almost three hundred thousand in lifetime benefits.
If you live thirty more years, you'll receive nearly one million.
Hard to believe, isn't it. Because social Security provides inflation
adjusted income for life, the best way to get the
most out of the soci security system is to live
(06:01):
a really, really long time. Right, So this is you know,
this is something that how am I going to do?
That well, maybe you should work a little bit longer.
(06:22):
I know, I know, we maybe not want to, but
pay down debt, adding to retirement savings, reducing how long
you have to draw down, you know, for drawing down
retirement assets and raising so security benefits are all super
super important things that you should consider. So here's the
(06:48):
value of the value of sold security is really, really
really important. So you need to understand how you can
get the most out of this, out of this whole thing.
So it offers income you can outlive. Right, women love
(07:13):
self security. Here's one reason why it offers income. You
can outlive, and so you're going to be getting almost
you know, you could you get almost a million dollars
in benefits if you live to be like ninety five.
That annual like if you do like this year, it
(07:35):
was two point five percent, But if you do an
annual cost of living adjustment of two percent, then your
monthly income in ten years would be about twenty four
to thirty eight. In thirty years, it's going to be
about thirty six. That's nothing to sneeze at. So now
(07:56):
for some fun stuff. Sold security rules and strategies. These
can be somewhat complex, I know, depending on your marital status.
But it's definitely worth understanding the different rules and strategies
because it's what can help you get more out of
(08:18):
the system. Right, Okay, let's start with a series of questions.
The first question is do you qualify for Social Security
benefits on your own work record? Right? You do if
you paid into Social Security for at least ten years,
and it doesn't matter if those ten years occurred all
(08:40):
in one stretch, early in your life or later in life.
You know, like me, I've got three daughters the years
when I was having babies in a stay at home
on they're big fed zeros on my work record. Also,
my first husband, we were overseas in the military in
(09:00):
Germany for four years in nineteen eighties. I was taking
care of little ones. Actually, my youngest daughter was born
in an army hospital overseas during that time. I don't
recommend having babies in army hospitals or seas, but you
just need of ten years of fairly minimal earnings to
(09:25):
be able to qualify. So the next question is are
you currently married and has your husband started receiving his
SOE Security benefit. It will become clear later why we
are asking these questions you and are your husband may
be able to receive spousal benefits, and we're going to
explain that strategy. So then regardless of whether or not
(09:53):
you're currently married, you have you been married before? Are
there any form husbands dead or alive lurking out there,
believe it or not, You may be able to receive
Social Security benefits based on a former husband's work record
if your previous marriage ended in divorce, if it lasted
(10:17):
at least ten years, and if you are currently unmarried,
you may qualify for divorced spouse benefits. If you're divorced
and your ex husband is deceased, you may qualify for
divorced spouse survivor benefits. We'll talk more about that later.
And all of these things. Also that PDF analysis that
(10:39):
I told you that you can get by emailing me.
I really want you to get this right. So those things,
if that is a thing with you, then it's going
to come up in that report. So don't try to
memorize these roles right now where I'm going to explain
them in more detail so that you know, so it
(11:01):
just doesn't, you know, fly over your head. So let's pause.
You know, you could. So let's pause for a minute here.
You could be entitled to one or more of the
following retirement benefits, spousal benefits, divorced spouse benefits, survivor benefits.
Knowing how to coordinate these things is going to be
(11:24):
a critical question for the remainder of your timement years.
All right, So let's define some terms. What is this
FRA that means full retirement age. Most likely everyone probably
that is listening to this podcast, it's going to be
nineteen sixteen later is probably going to be sixty. So
(11:47):
that's how I'm going to address it. If you were
born then then your full retirement is age sixty seven.
Your estimate of benefits on the Social Security website shows
you what is your full retirement bit you know age.
So the next important concept is to understand is your
(12:09):
primary insurance amount. That's what PIA means. We're not going
to go into any benefit formulas today, but basically your
benefit is based on your work history, and the system
uses your highest thirty five years to calculate. The higher
those earnings are, the better this amount is going to be.
(12:32):
So that's one reason why I encourage women to work
a little longer if you've taken time out of the
workforce to raise children like I did, or go back
to school, there may be some zeros on your earnings
record like mine. So you all you have to do
is look at your primary look at your annual Social
(12:53):
Security statement, right, and it's going to show you what
your benefit amount is at your full retirement age. And
so the benefit amount. That benefit amount is what they
call the primary insurance amount. All right, So we're going
(13:15):
to talk about retirement benefits. So if you work for
at least ten years in a job that paid into
Social Security, then you're entitled to a retirement benefit, all right,
So estimating it. If you go to SO Security, you're
going to go start an account if you haven't already,
(13:37):
you're going to answer some questions for security and they
stop generating statements and sending them to people a while ago.
But you just go online now and you can print
it off and you can access also a retirement estimator
through your MISO security account. And another way to use
(14:00):
one of those calculators is on the Sole Security website.
They have some calculators that you can do too, So
hopefully that is another way that that can help you
So this is a big concept. Your retirement benefit depends
on when you claim it. So we talked about your
(14:20):
primary insurance amount or PIA, which is the amount of
your benefit if you apply for Social Security at full
retirement age, let's say sixty seven. But what if you
apply at a different age? Huh? What do you think?
So I'm going to talk to you till I'm blue
(14:41):
in the face to not do it before your full
retirement age. So what I want you to do is
look at the difference. So if you wait, you if
it's two thousand, and you take it at your full
(15:01):
retirement age, and you take it at age sixty two,
it's going to be fourteen hundred and it's going to
permanently stay there. It is not going to get better.
And what if you apply after your full retirement age,
Then there's something called delayed credits. Delayed credits means that
for those three years between age sixty seven and seventy,
(15:23):
you'll get an eight percent delayed credit. So a benefit
at age sixty seven of two thousand would be twenty
four eighty at age seventy. I'm going to talk to
you about cost of living increases too. That is a
makes a big difference too. So I feel it makes
(15:47):
a big difference because you know, why, what is your
income going to be when you're seventy five, and what
is your income going to be at eighty five? And
what if you live to be ninety five. That's what
I'm wondering about. So here's another reason. Bigger checks to
start means bigger checks later. If you do your income
(16:07):
at age seventy with a two percent annual income, that
and if you were here was the twenty like a
age sixty seven, twenty three forty three would be twenty
nine oh six with a two percent income. That delayed
benefit just compounds over the years, better and better and better.
(16:30):
And so if you were if you if you had that,
if you waited until age seventy to take twenty nine,
by the time you're seventy five, it's thirty two eighty,
it's thirty five eighty five, it's thirty nine ninety, it's
forty three. You see what I'm saying you. I want
you to delay benefits because it triggers bigger checks later
(16:55):
on for you. It means more income for you later on.
So here you go, when to apply. If you apply
early your benefit starts lower and stays lower for life
if you let Here's another scenario, if you just applied
(17:20):
and you go, oh, no, made a mistake. If it's
within a year and they've started paying your benefits, you
can stop it within that first year, and you're going
to have to repay back what they gave you, but
you can do it and then say, I really made
a mistake. I listened to Benita Bill Anderson, and I
(17:41):
really should have waited. You have to pay back what
they gave you. But then you can stop it and
then start it when you should. So Cola's magnified the
impact of earlier delayed claiming as well. The longer you live,
the more beneficial it is to delay benefits, and the
decision impact survivors. If you have a husband, tell him
(18:05):
to delay his benefit if he has a higher benefit,
that's going to increase your survivor benefit if he dies first. Right,
So reasons not to file. Being stuck with the reduced
benefit is not the only reason to not file for
(18:27):
sold security before full retermin age. Another reason that is
that if you are still working some are all of
your benefit may be withheld due to the earnings test,
A dollar in benefits. For every two dollars you earn
over twenty three thy four hundred will be deducted. You
(18:47):
will not be able to take advantage of these savvy
spousial strategies. So after you turn full retirement age, there's
no earnings test, so you can save your full soil
Security benefit and earn as much as you want from
earning from working without any benefits being withheld. You are
(19:08):
going to have to be thinking about taxes, but it
is possible. Another reason not to file for Social Security
before full retirement age is that you might not be
able to take advantage of some of these spousal strategies
that we're going to talk about next. All right, so
(19:32):
let's talk about some spousal benefits. When Social Security was
first instituted in nineteen thirty five, can you believe it,
most women didn't work, so the system allows for spousal
benefits to be paid where women can draw Social Security
(19:52):
off of her husband's work account. Now, of course, most
women qualify for a retirement biling on their own work record,
but you still may be able to take advantage of
spousal benefits. And because Social Security is gender neutral, your
husband may be able to take advantage of spousal benefits too. Yeah,
(20:18):
doesn't matter. So let's start with a simple example. So
if you're if you filed before full retirement age, then
you're you're gonna be penalized no matter how you look
(20:41):
at it. But let's look at this example example. Let's
say Jack, Jack and Jill are married. Jack's PI is
twenty four hundred. Jills never works, so she doesn't qualify
for SoCal security. She worked a little bit, so she
has like eight hundred. Jack has claimed his benefit, so
(21:05):
she files for sold security at sixty two. Her benefit
is seventy percent of eight hundred or five point sixty.
She should wait so her spousal add on will be
one half of Jack's PIA. So his his PIA is
twenty four hundred, so fifty percent of his would be twelve. Right,
(21:29):
so there's going to be deductions. But if she waits
until her far retirement, then her benefit will be her
eight hundred dollars plus four hundred dollars for what they
call a SOLI security add on. All right, that's a
big deal. So coordinateure benefits. Think about this. There are
(21:53):
some rules you have to follow here, but knowing the rules,
you can make them work to your advantage. First, if
you file out for Social Security before full retirement age,
you're going to receive your own reduced benefit. And if
your PIA is less than fifty percent of your husband's PIA,
you may also receive a spouse of benefit, but that's
(22:13):
also going to be reduced. If your primary insurance amount
is more than fifty percent of your husband's, then you
aren't receiving a spouse of benefit. Okay, let's be clear
about that. So okay, So if, like for instance, if
(22:43):
her PI is two thousand and his is twenty four hundred,
then there's no spouse of benefit. Right That spousal benefit
is only for people who have benefits that are less
than one half of the husband's. Okay, is that clear?
So how about how about divorce spouse benefits? Okay, if
(23:13):
you were married over ten years to the same husband
and are currently unmarried, pay attention to this. If the
divorce occurred more than two years ago, he does not
need to have filed for his own benefit. So there's
some interesting things here. So let's say let's say Dick
(23:42):
and Dora are divorced. They were married more than ten years,
Dora is sixty two and old and or older and
she's currently unmarried. His PIA is twenty four hundred, he's
over sixty two. Dora files or her divorced spouse benefits
(24:02):
at her full retirement agent and starts receiving fifty percent
of Dick's PIA or twelve hundred dollars. Hard to believe,
isn't it? But it's true. Dick's own benefit will not
be affected, right, His current wife spousal benefit will not
be affected, and Dick's other ex wives divorced spouse benefits
(24:26):
will not be affected. You're going, what if he has
three ex wives, and if he was married to each
one for ten years, all three ex wives may receive
full divorced spouse benefits off Dick's record, and his current
wife can receive her spousal benefit as well. The Social
(24:47):
Security framers probably didn't think serial marriages would one day
become fairly common when they develop these rules, But here
we are, and we can take advantage of them. So
it's important to remember that when that even if you
(25:08):
meet all the requirements for a divorced spouse benefit, if
your own benefit is more than half of your ex
X's benefit. You're not going to be getting a spouse benefit,
so it's not possible to take a divorced spouse benefit
(25:28):
and let your own benefit grow to age seventy. Okay,
that rule. That rule changed about a few years ago. However,
if your X dies, the survivor benefit will generally equal
one hundred percent of the amount he was receiving at
his death. And if you meet all the requirements for
a divorced spouse benefit, and if that amount exceeds your
(25:53):
own benefit, you can switch to the higher amount. That's
why it will be important to keep tabs on your
ex in the years ahead, so you'll know if he dies.
You can then contact SO Security and see if you're
being entitled to a divorced spouse survivor benefit that is
(26:16):
higher than your own. All right, okay, now let's talk
about survivor benefits. You probably can't even imagine this now,
but if you're married or if you're divorced, your husband
or your ex husband might die before you do. Odds
(26:41):
are he will since women on average live longer lives
than men do, so you might at some point in
your life become eligible for a survivor benefit. If that
survivor benefit is higher than the benefit you are receiving
at the time of his death, you can switch to
(27:03):
the higher benefit. So, even though it may be a
long way you, you may need to understand how survivor
benefits work because certain decisions made now can affect the
amount of that benefit. All right, So let's let's do this. Example.
(27:33):
Jack is twenty four hundred. Jack dies at age seventy.
If he'd claimed his benefit at seventy, Jill's original survivor
benefit would be based on his benefit at the time
of his death, or twenty nine to seventy six. So
if he claimed his benefit at sixty two, Jill's original
survivor benefit would be based on eighty two point five's
(27:56):
of Jack's pia. So basically we're going to see that
the longer you wait, there's several different ways that the
longer you wait, it's going to be better for you financially.
So you can see on the left, if Jill applies
at age sixty or all the way up to age
(28:18):
seven sixty seven, she there's a formula for how much
she's going to receive, right, and it's going to depend
on if he waited, if he was a numbskull, and
he took his at sixty two. It's it's going to
(28:38):
be reduced. So survivor benefits can be claimed as early
as age sixty. Hopefully you don't have to do that.
Hopefully you can just you can work and the amount
because if you do that is going to be so young.
(29:01):
Widows shouldn't automatically file for their survivor benefits as soon
as they turn sixty. They should just work and then
file for it when they're going into retirement. To qualify
for a survivor income, you have to be married to
the person who died. Living together doesn't count. If he
died during the marriage, you only need to have been
(29:22):
married for nine months. If he died after you divorced,
that marriage must have lasted at least ten years. Okay.
By the way, same sex couples now get sold security
benefits as if they were if they are or were
legally married. Okay, that's a change to the law as well.
(29:47):
So here's the same thing. So so Jack is receiving
twenty nine to seventy six and she's receiving her spousal
benefit of twelve hundred. Let's say she doesn't qualify for
Social Security on her own work record. She can jump
up to Jack's benefit of twenty ninety to seventy six
after he dies, but her twelve hundred dollars benefit will stop.
(30:12):
Please remember that whatever the smaller amount is, that is
going to go away, and so that's something that we
help you help clients with as well. So there's a
lot of stuff in here. If your husband, if your
marriage lasted at least ten years, this whole thing with
(30:32):
divorced spouse benefice is the same as widows. You have
to be currently unmarried or remarriage took place after age sixty,
and so this is something that you can find out
if you qualify for So the most loving what I
(30:53):
say is the most loving thing you can do is
the higher earning spouse delay their retirement benefit to age
seventy because if the lower earning spouse is the woman
and she's likely to live longer than him, then if
he dies before filing at age seventy, the survivor benefits
(31:15):
will include delayed credits earned up until the date of
his death, and you can claim your survivor benefit at
full retirement age or later. Coordinate this with your other
retirement assets that you have. All right, so more switching
(31:38):
opportunities are available with survivor benefits then with spousal benefits.
Isn't that interesting? So if you start your own benefit
at sixty two and switch to a survivor benefit at
full retirement age, or you can start your survie benefit
(32:00):
at age sixty and switch to your retirement benefit at seventy.
There's ways to do this. Again. If this is like, well,
it's like too much, then just realize that this analysis
that I will complimentary give you the analysis. There is
a small charge if we do a professional evaluation, but
(32:23):
it is I think it's invaluable to be able to
figure out what are the best ways that I can
look at this. So here's an example, all right, if
the survivor benefit is higher than the retirement benefit, you'll
want to take the retirement benefit at sixty two and
(32:43):
switch to the survivor benefit at full retterment age. Sometimes
you don't know, but it's possible. If her PIA is
a thousand and the survivor benefit is twenty two hundred,
she claims her own and then she switches full retirement age.
So that is something that is possible. What about it's
(33:07):
a survivor benefit is lower than retirement benefit, then you'll
want to take the survivor benefit at sixty. Make sure
that you when you're talking to Social Security that you've
got the lingo, that you've got the words correct. You
want to take the survivor benefit at sixty or as
(33:27):
soon as you become eligible for it, and switch to
your retirement benefit at seventy. In this case, Dora has
a high PIA. Her survivor benefit is eighteen hundred, which
is less than her own benefit, So she claims her
survivor benefit at sixty and receives the reduced amount of
(33:48):
twelve eighty seven right, because it's way before her full
retirement age. When she's seventy, she switches to her maximum
retirement benefit of twenty four to eighty. If you're still working,
remember that too, and under full retirement age, all are
part of your survivor benefits may be withheld for the
earnings test. So my role thumb is don't don't take
(34:16):
Social Security unless you absolutely have to before your full
retirement age. So let's say you get remarried. That's what
I did. Now, I got remarried before I was age sixty.
Keep these roles in mind. If you're marry at any age,
you can't receive divorced spouse benefits. So if you're already
(34:39):
receiving divorced spouse benefits and thinking about remarrying, understand that
your divorce spouse benefit will stop. However, you may be
able to get spells of benefits based on your new
husband's record. If you remarry before age sixty, you can't
get survivor benefits or divorce spouse survivor benefits. If you
(34:59):
remarry after sixty, you can still get survivor benefits or
divorced spouse survivor benefits. I know, I know. These rules
are hard to keep straight, so don't try to memorize them.
If you have questions, you can always ask me, or
you can call this Social Security Administration and hopefully you'll
(35:20):
get the same answer if you Sometimes when you talk
to different people, you get different answers. All right, here's
a summary of survivor planning spouse or expouse still living
if your marriage. If you're married, encourage your spouse to
delay HISS benefit to age seventy. Okay, that's number one.
(35:43):
As for your own benefit, consider your life's your spouse's
life expectancy. If your spouse has some health problems and
they have a short life expectancy, you can go ahead
and claim an early benefit on your own record because
you'll be switching to your survivor benefit at some point.
On the other hand, if your spouse is in good
(36:07):
health and has a long life expectancy, you should maximize
your own benefit by delaying it to age seventy because
you'll be receiving it for many years before switching to
a survivor benefit. That will maximize your income as a
couple while you both are alive. All right, clear's mud,
(36:34):
So compare your own benefit to survivor benefit. Take the
higher benefit last, don't remarry before age sixty. So here's
advice for women by marital status. If you're currently married,
(36:58):
coordinature benefits with your spouse to optimize your benefits. One
or both of you would delay the startup benefits to
age seventy in order to earn the maximum eight percent
annual delayed credits. If you're entitled to a spouse of benefits,
(37:19):
you can file for it as soon as your husband
files for his benefit, providing you're at least sixty two.
Remember your own benefit must be less than what fifty
percent of his in order for you to get that
spousal benefit. You can't take a spouse of benefit until
he files, and he will want to wait until age
(37:41):
seventy to maximize his benefit for himself while he is
alive and for you after he dies. In this case,
the delayed credits he would get later on are worth
more than the spousal benefits you would get now. Okay.
If you're divorced, consider maximizing your benefit by delaying it
(38:08):
to age seventy. Keep tabs on your X and claim
your devouse divorced spouse survivor benefit when the time comes. Okay.
If you're widowed, coordinate your retirement and survivor benefits. Take
the higher benefit last. If you've never been married, you're
(38:33):
on your own right with no help from spousal benefits.
Consider maximizing your own benefit by working as long as
possible and applying for self security at age seventy and
regardless of your current marital status. If you have a
former spouse who's deceased, consider that survivor benefit as a
(38:55):
possible resource as long as you did not remarry before
age sixty. I know that this is a lot to remember.
If nothing else, I hope I have opened your eyes
to some of the possibilities with SOI Security. You, you know,
maybe a title more benefice than you realized. So for
(39:20):
help with your specific situation, I think this analysis that
I offer is invaluable. Because you could live to be
aged ninety five. Social Security does provide inflation adjusted income
that you can outlive. The decisions you make in your
sixties are going to determine the amount of income you
(39:44):
have in your seventies and your eighties and your nineties.
You have got to remember this. It does make a difference.
Delaying the startup benefice will give you higher income later on.
I'm thinking about when you're seventy and when you're eighty five,
and when you're ninety five. Right, coordinating spousal and survivor
(40:07):
benefits will give you extra income while you delay your
main benefit. We each have a record, there's our Social
Security number is tied to that amount. So a spousal
benefit is actually a benefit that is tied to your
husband's soil Security number. Your own benefit is tied to
(40:28):
your sole Security number. All right, So make these decisions
within the context of your overall retirement income plan. I
again will tell you that I've written a book for
divorcees and widows and when you email me, I can
(40:50):
give you the link to go out to Amazon. Love
to have you have the book because there's a lot
of golden nuggets in there about this. And again that
analysis about your when to take so security is complementary
from me. And uh, there is a small charge for
(41:13):
doing a professional analysis with you and valuation. But I'm
you know, I think that this is a question that
you decide one time and you want to make it
mean the most for you. So thank you so much
for your attention and for being here with me today,
(41:37):
and thank you so much for attending the Ask Good
Questions podcast and we will talk to you soon. Thank you.
Speaker 2 (41:47):
Today's episode is over, but we did ask Good Questions again,
didn't We don't miss out as we broadcast live every Wednesday,
six pm Eastern Time on w four c Y Radio
at worcy dot com. Joined Benina Bellen. We're sing next
week for more conversations with experts on finances, retirement, behavioral
(42:08):
finance issues, health and wellness and more. Until then, remember
to ask good questions.
The topics and opinions expressed in the following show are
solely those of the hosts and their guests and not
those of W FOURCY Radio. It's employees are affiliates. We
make no recommendations or endorsements for radio show programs, services,
or products mentioned on air or on our web. No
liability explicit or implies shall be extended to W FOURCY
Radio or it's employees are affiliates. Any questions or comments
should be directed to those show hosts. Thank you for
(00:20):
choosing W FOURCY Radio.
Speaker 2 (00:29):
Welcome to to Ask Good Questions Podcasts, broadcasting live every Wednesday,
six pm Eastern Time on W four CY Radio at
w fourcy dot com. This week and every week, we
will reach for a higher purpose in money and life,
as well as a focus on health and wellness. Now,
(00:49):
let's join your host, Anita bell Anderson, as together we
start with Asking Good Questions.
Speaker 3 (01:01):
Hello, and welcome to the Ask Good Questions podcast. I
am your host, Anita bell Anderson, and today we are
talking about savvy social security planning for women. So I
have some slides that I will put up on the
screen now. So thank you so much. I'm so glad
(01:26):
you're here. This is so important. Today we are gonna
be talking about something that is really super important for women.
I have been dealing with women clients and helping women
clients for about the last twenty five years, and women
represent about fifty six percent of all soil security beneficiaries
(01:47):
age sixty two and older and about sixty six percent
of all beneficiaries age eighty five and older. Whether you're
married or single, divorced or widow, there are certain strategies
you can use, and I am I. The reason I'm
here is because I want you to get this right,
(02:08):
because I want you to have the maximum benefits for
your lifetime. So we're going to talk about some of
these strategies today. So how confident are you in your
ability to retire comfortably? You know, I've got women clients
across the spectrum from very low income to very high income.
(02:32):
The question was recently posed this question to fifty nine
hundred men and women who are still working. So, not surprisingly,
women are less confident in their ability to retire comfortably.
Thirty six percent said they were either not too confident
(02:52):
or not at all confident, compared to twenty eight percent
of men. So another survey, I asked about some of
the financial aspects of retirement. Will you have enough money
to live comfortably throughout your retirement years? Only eleven percent
(03:14):
of unmarried women said yes. Okay, so forget about living comfortably.
Will you have enough to meet basic expenses during retirement?
Just twenty three percent of unmarried women said yes. Are
you doing a good job of preparing financially for retirement?
Only fifteen percent of unmarried women said yes. So you'll
(03:38):
see that my email address is scrolling if you have questions.
I've also written a book for divorced or women who
have lost your spouse about all of the issues around finances.
When you email me, I will give you the link
for going out to Amazon to get the book. But
(04:00):
remember that many of these this thing that we're looking
at on the screen right now, many of these unmarried
women were once married, whether through divorce or widowhood. Many
married women wind up single at the end of their life.
It's just the case, right. So here's a quote. Women
(04:23):
in general have greater concerns about their retirement security, yet
do less than needed to plan for adequately addressing those concerns.
This quote came from a study by MetLife on women,
retirement and the extra long life. Unfortunately it's true in
(04:45):
too many cases. But at least you're here, whether this
is a first step for you or you're one of
the savvy ones who have been planning for retirement all along,
gathering information about social security and other sources of income.
Retirement is what you need to do to take care
of yourself financially, all right, So here's women's realities. It
(05:16):
offers income you can't outlive. Idam a Fuller who was
the first recipient of a monthly SOD security check, lived
to be one hundred and this is back in the
nineteen forties. She receives sold security right up until the
month she died. If your monthly Social Security benefit is
two thousand and you live ten more years, you'll receive
(05:39):
a total of almost three hundred thousand in lifetime benefits.
If you live thirty more years, you'll receive nearly one million.
Hard to believe, isn't it. Because social Security provides inflation
adjusted income for life, the best way to get the
most out of the soci security system is to live
(06:01):
a really, really long time. Right, So this is you know,
this is something that how am I going to do?
That well, maybe you should work a little bit longer.
(06:22):
I know, I know, we maybe not want to, but
pay down debt, adding to retirement savings, reducing how long
you have to draw down, you know, for drawing down
retirement assets and raising so security benefits are all super
super important things that you should consider. So here's the
(06:48):
value of the value of sold security is really, really
really important. So you need to understand how you can
get the most out of this, out of this whole thing.
So it offers income you can outlive. Right, women love
(07:13):
self security. Here's one reason why it offers income. You
can outlive, and so you're going to be getting almost
you know, you could you get almost a million dollars
in benefits if you live to be like ninety five.
That annual like if you do like this year, it
(07:35):
was two point five percent, But if you do an
annual cost of living adjustment of two percent, then your
monthly income in ten years would be about twenty four
to thirty eight. In thirty years, it's going to be
about thirty six. That's nothing to sneeze at. So now
(07:56):
for some fun stuff. Sold security rules and strategies. These
can be somewhat complex, I know, depending on your marital status.
But it's definitely worth understanding the different rules and strategies
because it's what can help you get more out of
(08:18):
the system. Right, Okay, let's start with a series of questions.
The first question is do you qualify for Social Security
benefits on your own work record? Right? You do if
you paid into Social Security for at least ten years,
and it doesn't matter if those ten years occurred all
(08:40):
in one stretch, early in your life or later in life.
You know, like me, I've got three daughters the years
when I was having babies in a stay at home
on they're big fed zeros on my work record. Also,
my first husband, we were overseas in the military in
(09:00):
Germany for four years in nineteen eighties. I was taking
care of little ones. Actually, my youngest daughter was born
in an army hospital overseas during that time. I don't
recommend having babies in army hospitals or seas, but you
just need of ten years of fairly minimal earnings to
(09:25):
be able to qualify. So the next question is are
you currently married and has your husband started receiving his
SOE Security benefit. It will become clear later why we
are asking these questions you and are your husband may
be able to receive spousal benefits, and we're going to
explain that strategy. So then regardless of whether or not
(09:53):
you're currently married, you have you been married before? Are
there any form husbands dead or alive lurking out there,
believe it or not, You may be able to receive
Social Security benefits based on a former husband's work record
if your previous marriage ended in divorce, if it lasted
(10:17):
at least ten years, and if you are currently unmarried,
you may qualify for divorced spouse benefits. If you're divorced
and your ex husband is deceased, you may qualify for
divorced spouse survivor benefits. We'll talk more about that later.
And all of these things. Also that PDF analysis that
(10:39):
I told you that you can get by emailing me.
I really want you to get this right. So those things,
if that is a thing with you, then it's going
to come up in that report. So don't try to
memorize these roles right now where I'm going to explain
them in more detail so that you know, so it
(11:01):
just doesn't, you know, fly over your head. So let's pause.
You know, you could. So let's pause for a minute here.
You could be entitled to one or more of the
following retirement benefits, spousal benefits, divorced spouse benefits, survivor benefits.
Knowing how to coordinate these things is going to be
(11:24):
a critical question for the remainder of your timement years.
All right, So let's define some terms. What is this
FRA that means full retirement age. Most likely everyone probably
that is listening to this podcast, it's going to be
nineteen sixteen later is probably going to be sixty. So
(11:47):
that's how I'm going to address it. If you were
born then then your full retirement is age sixty seven.
Your estimate of benefits on the Social Security website shows
you what is your full retirement bit you know age.
So the next important concept is to understand is your
(12:09):
primary insurance amount. That's what PIA means. We're not going
to go into any benefit formulas today, but basically your
benefit is based on your work history, and the system
uses your highest thirty five years to calculate. The higher
those earnings are, the better this amount is going to be.
(12:32):
So that's one reason why I encourage women to work
a little longer if you've taken time out of the
workforce to raise children like I did, or go back
to school, there may be some zeros on your earnings
record like mine. So you all you have to do
is look at your primary look at your annual Social
(12:53):
Security statement, right, and it's going to show you what
your benefit amount is at your full retirement age. And
so the benefit amount. That benefit amount is what they
call the primary insurance amount. All right, So we're going
(13:15):
to talk about retirement benefits. So if you work for
at least ten years in a job that paid into
Social Security, then you're entitled to a retirement benefit, all right,
So estimating it. If you go to SO Security, you're
going to go start an account if you haven't already,
(13:37):
you're going to answer some questions for security and they
stop generating statements and sending them to people a while ago.
But you just go online now and you can print
it off and you can access also a retirement estimator
through your MISO security account. And another way to use
(14:00):
one of those calculators is on the Sole Security website.
They have some calculators that you can do too, So
hopefully that is another way that that can help you
So this is a big concept. Your retirement benefit depends
on when you claim it. So we talked about your
(14:20):
primary insurance amount or PIA, which is the amount of
your benefit if you apply for Social Security at full
retirement age, let's say sixty seven. But what if you
apply at a different age? Huh? What do you think?
So I'm going to talk to you till I'm blue
(14:41):
in the face to not do it before your full
retirement age. So what I want you to do is
look at the difference. So if you wait, you if
it's two thousand, and you take it at your full
(15:01):
retirement age, and you take it at age sixty two,
it's going to be fourteen hundred and it's going to
permanently stay there. It is not going to get better.
And what if you apply after your full retirement age,
Then there's something called delayed credits. Delayed credits means that
for those three years between age sixty seven and seventy,
(15:23):
you'll get an eight percent delayed credit. So a benefit
at age sixty seven of two thousand would be twenty
four eighty at age seventy. I'm going to talk to
you about cost of living increases too. That is a
makes a big difference too. So I feel it makes
(15:47):
a big difference because you know, why, what is your
income going to be when you're seventy five, and what
is your income going to be at eighty five? And
what if you live to be ninety five. That's what
I'm wondering about. So here's another reason. Bigger checks to
start means bigger checks later. If you do your income
(16:07):
at age seventy with a two percent annual income, that
and if you were here was the twenty like a
age sixty seven, twenty three forty three would be twenty
nine oh six with a two percent income. That delayed
benefit just compounds over the years, better and better and better.
(16:30):
And so if you were if you if you had that,
if you waited until age seventy to take twenty nine,
by the time you're seventy five, it's thirty two eighty,
it's thirty five eighty five, it's thirty nine ninety, it's
forty three. You see what I'm saying you. I want
you to delay benefits because it triggers bigger checks later
(16:55):
on for you. It means more income for you later on.
So here you go, when to apply. If you apply
early your benefit starts lower and stays lower for life
if you let Here's another scenario, if you just applied
(17:20):
and you go, oh, no, made a mistake. If it's
within a year and they've started paying your benefits, you
can stop it within that first year, and you're going
to have to repay back what they gave you, but
you can do it and then say, I really made
a mistake. I listened to Benita Bill Anderson, and I
(17:41):
really should have waited. You have to pay back what
they gave you. But then you can stop it and
then start it when you should. So Cola's magnified the
impact of earlier delayed claiming as well. The longer you live,
the more beneficial it is to delay benefits, and the
decision impact survivors. If you have a husband, tell him
(18:05):
to delay his benefit if he has a higher benefit,
that's going to increase your survivor benefit if he dies first. Right,
So reasons not to file. Being stuck with the reduced
benefit is not the only reason to not file for
(18:27):
sold security before full retermin age. Another reason that is
that if you are still working some are all of
your benefit may be withheld due to the earnings test,
A dollar in benefits. For every two dollars you earn
over twenty three thy four hundred will be deducted. You
(18:47):
will not be able to take advantage of these savvy
spousial strategies. So after you turn full retirement age, there's
no earnings test, so you can save your full soil
Security benefit and earn as much as you want from
earning from working without any benefits being withheld. You are
(19:08):
going to have to be thinking about taxes, but it
is possible. Another reason not to file for Social Security
before full retirement age is that you might not be
able to take advantage of some of these spousal strategies
that we're going to talk about next. All right, so
(19:32):
let's talk about some spousal benefits. When Social Security was
first instituted in nineteen thirty five, can you believe it,
most women didn't work, so the system allows for spousal
benefits to be paid where women can draw Social Security
(19:52):
off of her husband's work account. Now, of course, most
women qualify for a retirement biling on their own work record,
but you still may be able to take advantage of
spousal benefits. And because Social Security is gender neutral, your
husband may be able to take advantage of spousal benefits too. Yeah,
(20:18):
doesn't matter. So let's start with a simple example. So
if you're if you filed before full retirement age, then
you're you're gonna be penalized no matter how you look
(20:41):
at it. But let's look at this example example. Let's
say Jack, Jack and Jill are married. Jack's PI is
twenty four hundred. Jills never works, so she doesn't qualify
for SoCal security. She worked a little bit, so she
has like eight hundred. Jack has claimed his benefit, so
(21:05):
she files for sold security at sixty two. Her benefit
is seventy percent of eight hundred or five point sixty.
She should wait so her spousal add on will be
one half of Jack's PIA. So his his PIA is
twenty four hundred, so fifty percent of his would be twelve. Right,
(21:29):
so there's going to be deductions. But if she waits
until her far retirement, then her benefit will be her
eight hundred dollars plus four hundred dollars for what they
call a SOLI security add on. All right, that's a
big deal. So coordinateure benefits. Think about this. There are
(21:53):
some rules you have to follow here, but knowing the rules,
you can make them work to your advantage. First, if
you file out for Social Security before full retirement age,
you're going to receive your own reduced benefit. And if
your PIA is less than fifty percent of your husband's PIA,
you may also receive a spouse of benefit, but that's
(22:13):
also going to be reduced. If your primary insurance amount
is more than fifty percent of your husband's, then you
aren't receiving a spouse of benefit. Okay, let's be clear
about that. So okay, So if, like for instance, if
(22:43):
her PI is two thousand and his is twenty four hundred,
then there's no spouse of benefit. Right That spousal benefit
is only for people who have benefits that are less
than one half of the husband's. Okay, is that clear?
So how about how about divorce spouse benefits? Okay, if
(23:13):
you were married over ten years to the same husband
and are currently unmarried, pay attention to this. If the
divorce occurred more than two years ago, he does not
need to have filed for his own benefit. So there's
some interesting things here. So let's say let's say Dick
(23:42):
and Dora are divorced. They were married more than ten years,
Dora is sixty two and old and or older and
she's currently unmarried. His PIA is twenty four hundred, he's
over sixty two. Dora files or her divorced spouse benefits
(24:02):
at her full retirement agent and starts receiving fifty percent
of Dick's PIA or twelve hundred dollars. Hard to believe,
isn't it? But it's true. Dick's own benefit will not
be affected, right, His current wife spousal benefit will not
be affected, and Dick's other ex wives divorced spouse benefits
(24:26):
will not be affected. You're going, what if he has
three ex wives, and if he was married to each
one for ten years, all three ex wives may receive
full divorced spouse benefits off Dick's record, and his current
wife can receive her spousal benefit as well. The Social
(24:47):
Security framers probably didn't think serial marriages would one day
become fairly common when they develop these rules, But here
we are, and we can take advantage of them. So
it's important to remember that when that even if you
(25:08):
meet all the requirements for a divorced spouse benefit, if
your own benefit is more than half of your ex
X's benefit. You're not going to be getting a spouse benefit,
so it's not possible to take a divorced spouse benefit
(25:28):
and let your own benefit grow to age seventy. Okay,
that rule. That rule changed about a few years ago. However,
if your X dies, the survivor benefit will generally equal
one hundred percent of the amount he was receiving at
his death. And if you meet all the requirements for
a divorced spouse benefit, and if that amount exceeds your
(25:53):
own benefit, you can switch to the higher amount. That's
why it will be important to keep tabs on your
ex in the years ahead, so you'll know if he dies.
You can then contact SO Security and see if you're
being entitled to a divorced spouse survivor benefit that is
(26:16):
higher than your own. All right, okay, now let's talk
about survivor benefits. You probably can't even imagine this now,
but if you're married or if you're divorced, your husband
or your ex husband might die before you do. Odds
(26:41):
are he will since women on average live longer lives
than men do, so you might at some point in
your life become eligible for a survivor benefit. If that
survivor benefit is higher than the benefit you are receiving
at the time of his death, you can switch to
(27:03):
the higher benefit. So, even though it may be a
long way you, you may need to understand how survivor
benefits work because certain decisions made now can affect the
amount of that benefit. All right, So let's let's do this. Example.
(27:33):
Jack is twenty four hundred. Jack dies at age seventy.
If he'd claimed his benefit at seventy, Jill's original survivor
benefit would be based on his benefit at the time
of his death, or twenty nine to seventy six. So
if he claimed his benefit at sixty two, Jill's original
survivor benefit would be based on eighty two point five's
(27:56):
of Jack's pia. So basically we're going to see that
the longer you wait, there's several different ways that the
longer you wait, it's going to be better for you financially.
So you can see on the left, if Jill applies
at age sixty or all the way up to age
(28:18):
seven sixty seven, she there's a formula for how much
she's going to receive, right, and it's going to depend
on if he waited, if he was a numbskull, and
he took his at sixty two. It's it's going to
(28:38):
be reduced. So survivor benefits can be claimed as early
as age sixty. Hopefully you don't have to do that.
Hopefully you can just you can work and the amount
because if you do that is going to be so young.
(29:01):
Widows shouldn't automatically file for their survivor benefits as soon
as they turn sixty. They should just work and then
file for it when they're going into retirement. To qualify
for a survivor income, you have to be married to
the person who died. Living together doesn't count. If he
died during the marriage, you only need to have been
(29:22):
married for nine months. If he died after you divorced,
that marriage must have lasted at least ten years. Okay.
By the way, same sex couples now get sold security
benefits as if they were if they are or were
legally married. Okay, that's a change to the law as well.
(29:47):
So here's the same thing. So so Jack is receiving
twenty nine to seventy six and she's receiving her spousal
benefit of twelve hundred. Let's say she doesn't qualify for
Social Security on her own work record. She can jump
up to Jack's benefit of twenty ninety to seventy six
after he dies, but her twelve hundred dollars benefit will stop.
(30:12):
Please remember that whatever the smaller amount is, that is
going to go away, and so that's something that we
help you help clients with as well. So there's a
lot of stuff in here. If your husband, if your
marriage lasted at least ten years, this whole thing with
(30:32):
divorced spouse benefice is the same as widows. You have
to be currently unmarried or remarriage took place after age sixty,
and so this is something that you can find out
if you qualify for So the most loving what I
(30:53):
say is the most loving thing you can do is
the higher earning spouse delay their retirement benefit to age
seventy because if the lower earning spouse is the woman
and she's likely to live longer than him, then if
he dies before filing at age seventy, the survivor benefits
(31:15):
will include delayed credits earned up until the date of
his death, and you can claim your survivor benefit at
full retirement age or later. Coordinate this with your other
retirement assets that you have. All right, so more switching
(31:38):
opportunities are available with survivor benefits then with spousal benefits.
Isn't that interesting? So if you start your own benefit
at sixty two and switch to a survivor benefit at
full retirement age, or you can start your survie benefit
(32:00):
at age sixty and switch to your retirement benefit at seventy.
There's ways to do this. Again. If this is like, well,
it's like too much, then just realize that this analysis
that I will complimentary give you the analysis. There is
a small charge if we do a professional evaluation, but
(32:23):
it is I think it's invaluable to be able to
figure out what are the best ways that I can
look at this. So here's an example, all right, if
the survivor benefit is higher than the retirement benefit, you'll
want to take the retirement benefit at sixty two and
(32:43):
switch to the survivor benefit at full retterment age. Sometimes
you don't know, but it's possible. If her PIA is
a thousand and the survivor benefit is twenty two hundred,
she claims her own and then she switches full retirement age.
So that is something that is possible. What about it's
(33:07):
a survivor benefit is lower than retirement benefit, then you'll
want to take the survivor benefit at sixty. Make sure
that you when you're talking to Social Security that you've
got the lingo, that you've got the words correct. You
want to take the survivor benefit at sixty or as
(33:27):
soon as you become eligible for it, and switch to
your retirement benefit at seventy. In this case, Dora has
a high PIA. Her survivor benefit is eighteen hundred, which
is less than her own benefit, So she claims her
survivor benefit at sixty and receives the reduced amount of
(33:48):
twelve eighty seven right, because it's way before her full
retirement age. When she's seventy, she switches to her maximum
retirement benefit of twenty four to eighty. If you're still working,
remember that too, and under full retirement age, all are
part of your survivor benefits may be withheld for the
earnings test. So my role thumb is don't don't take
(34:16):
Social Security unless you absolutely have to before your full
retirement age. So let's say you get remarried. That's what
I did. Now, I got remarried before I was age sixty.
Keep these roles in mind. If you're marry at any age,
you can't receive divorced spouse benefits. So if you're already
(34:39):
receiving divorced spouse benefits and thinking about remarrying, understand that
your divorce spouse benefit will stop. However, you may be
able to get spells of benefits based on your new
husband's record. If you remarry before age sixty, you can't
get survivor benefits or divorce spouse survivor benefits. If you
(34:59):
remarry after sixty, you can still get survivor benefits or
divorced spouse survivor benefits. I know, I know. These rules
are hard to keep straight, so don't try to memorize them.
If you have questions, you can always ask me, or
you can call this Social Security Administration and hopefully you'll
(35:20):
get the same answer if you Sometimes when you talk
to different people, you get different answers. All right, here's
a summary of survivor planning spouse or expouse still living
if your marriage. If you're married, encourage your spouse to
delay HISS benefit to age seventy. Okay, that's number one.
(35:43):
As for your own benefit, consider your life's your spouse's
life expectancy. If your spouse has some health problems and
they have a short life expectancy, you can go ahead
and claim an early benefit on your own record because
you'll be switching to your survivor benefit at some point.
On the other hand, if your spouse is in good
(36:07):
health and has a long life expectancy, you should maximize
your own benefit by delaying it to age seventy because
you'll be receiving it for many years before switching to
a survivor benefit. That will maximize your income as a
couple while you both are alive. All right, clear's mud,
(36:34):
So compare your own benefit to survivor benefit. Take the
higher benefit last, don't remarry before age sixty. So here's
advice for women by marital status. If you're currently married,
(36:58):
coordinature benefits with your spouse to optimize your benefits. One
or both of you would delay the startup benefits to
age seventy in order to earn the maximum eight percent
annual delayed credits. If you're entitled to a spouse of benefits,
(37:19):
you can file for it as soon as your husband
files for his benefit, providing you're at least sixty two.
Remember your own benefit must be less than what fifty
percent of his in order for you to get that
spousal benefit. You can't take a spouse of benefit until
he files, and he will want to wait until age
(37:41):
seventy to maximize his benefit for himself while he is
alive and for you after he dies. In this case,
the delayed credits he would get later on are worth
more than the spousal benefits you would get now. Okay.
If you're divorced, consider maximizing your benefit by delaying it
(38:08):
to age seventy. Keep tabs on your X and claim
your devouse divorced spouse survivor benefit when the time comes. Okay.
If you're widowed, coordinate your retirement and survivor benefits. Take
the higher benefit last. If you've never been married, you're
(38:33):
on your own right with no help from spousal benefits.
Consider maximizing your own benefit by working as long as
possible and applying for self security at age seventy and
regardless of your current marital status. If you have a
former spouse who's deceased, consider that survivor benefit as a
(38:55):
possible resource as long as you did not remarry before
age sixty. I know that this is a lot to remember.
If nothing else, I hope I have opened your eyes
to some of the possibilities with SOI Security. You, you know,
maybe a title more benefice than you realized. So for
(39:20):
help with your specific situation, I think this analysis that
I offer is invaluable. Because you could live to be
aged ninety five. Social Security does provide inflation adjusted income
that you can outlive. The decisions you make in your
sixties are going to determine the amount of income you
(39:44):
have in your seventies and your eighties and your nineties.
You have got to remember this. It does make a difference.
Delaying the startup benefice will give you higher income later on.
I'm thinking about when you're seventy and when you're eighty five,
and when you're ninety five. Right, coordinating spousal and survivor
(40:07):
benefits will give you extra income while you delay your
main benefit. We each have a record, there's our Social
Security number is tied to that amount. So a spousal
benefit is actually a benefit that is tied to your
husband's soil Security number. Your own benefit is tied to
(40:28):
your sole Security number. All right, So make these decisions
within the context of your overall retirement income plan. I
again will tell you that I've written a book for
divorcees and widows and when you email me, I can
(40:50):
give you the link to go out to Amazon. Love
to have you have the book because there's a lot
of golden nuggets in there about this. And again that
analysis about your when to take so security is complementary
from me. And uh, there is a small charge for
(41:13):
doing a professional analysis with you and valuation. But I'm
you know, I think that this is a question that
you decide one time and you want to make it
mean the most for you. So thank you so much
for your attention and for being here with me today,
(41:37):
and thank you so much for attending the Ask Good
Questions podcast and we will talk to you soon. Thank you.
Speaker 2 (41:47):
Today's episode is over, but we did ask Good Questions again,
didn't We don't miss out as we broadcast live every Wednesday,
six pm Eastern Time on w four c Y Radio
at worcy dot com. Joined Benina Bellen. We're sing next
week for more conversations with experts on finances, retirement, behavioral
(42:08):
finance issues, health and wellness and more. Until then, remember
to ask good questions.
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