Claiming Social Security could completely change your retirement lifestyle, depending on how and when you do it – but it’s complicated! The Social Security Administration’s Basic Guide to Social Security Programs contains 2,728 rules! In segment 1 of 3, Joe Anderson, CFP® and Big Al Clopine, CPA answer the most commonly asked basic Social Security questions.

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Watch the full episode, Social Security Basics You Need to Know: Common Questions Answered | #SocialSecurity Your Money, Your Wealth TV - S10 | E04: https://purefinancial.com/ymyw/episod...

00:00 - Intro
01:07 - Reliance on Social Security in Retirement
02:17 - What Are the Different Types of Social Security Benefits?
03:40 - How Much Do I Pay into Social Security in 2024
04:52 - What is Social Security “Full Retirement Age?”
05:28 - How Are Social Security Benefits Taxed in 2024?
07:37 - Can I Work and Collect Social Security Benefits?

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• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
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• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.
CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.