The 9 Social Security Basics That EVERYONE Should Know

Podcast Episodes Part 1 & 2

If you read many of the articles I write, you’ve probably noticed that I put a lot of emphasis on understanding the basics. Why? It’s the foundation! It’s what gives us the ability to spot mistakes, errors and general screw-ups before they turn into big problems.

Recently, on the Big Picture Retirement podcast we spent two entire episodes talking about Social Security basics.

Here are the episodes:

Part 1: The 9 Social Security Basics That EVERYONE Should Know

Social Security is a lot easier to understand if you know about 9 basic concepts.  In this episode we discuss these four topics:

  1. Social Security credits
  2. Calculating your benefits
  3. Your full retirement age
  4. The earnings limit

Highlights include:

  • What are Social Security credits, how you earn them, and what do they do?
  • How benefits are calculated, including the definitions of Full Retirement Age (FRA) and how benefit amounts are based on age.
  • Why you need to verify your Social Security reporting each year.
  • What PIA means.
  • Why you might not want to file when you’re eligible.
  • When you want Social Security to stop paying your benefits.
  • How to deal with an overpayment notice.

Here’s how you can listen:
Big Picture Retirement website
iTunes 

Part 2: The 9 Social Security Basics That EVERYONE Should Know

In the second episode, we finish up the list with:

  1. Length of marriage rules
  2. Why there are different benefit amounts, and how you can get the higher one
  3. Spousal benefits, including Medicare
  4. Survivor benefits, including Medicare
  5. Social Security taxes

Highlights include:

  • Qualifying for divorced spouse benefits.
  • How the spouse’s “one-half” benefit isn’t taking away from your benefit.
  • What is a Social Security tax torpedo, and do you need to be worried about it?
  • What is  provisional income?

Here’s how you can listen:
Big Picture Retirement website 
iTunes

If you are one of the individuals who’d rather learn from reading, get the free eBook The 9 Social Security Basics That Everyone Should Know!

If you’re more visual, and would prefer to watch something, check out the video below.