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Here’s How Much Money You’ll Get From Social Security

CNBC Make It 191 views

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How are you planning for retirement? Let us know in the comments below
Comment from : @CNBCMakeIt

Social Security is important for many seniors, but it’s also crucial to plan for retirement with smart investments Diversifying your investments helps grow wealth over time It’s never too early to start saving and investing for a secure future I'm 63 and my husband is 65 We’re both retired with over $3 million in net worth and no debt We live frugally and earn monthly passive income, which makes our early retirement possible
Comment from : @CalebMartin2U

The reality currently is, increases are often modest, and only a small percentage of recipients—like the 27 million people mentioned—might see any noticeable change For retirees relying heavily on Social Security, this can create a significant gap between expectations and reality
Comment from : @Campbell-w3c

Average SSI people get around 800 dollars
Comment from : @Tony-rw1yj

Social security Income is for those who are declaring thier death preparing for death and or those that are clinically brain dead Retirement shouldn't last more than one to two years When signing up for social security a person is not capable of maintaining thier life and therefore claims a "pawn loan" on thier property that the state works to satisfy contracts, care for farm animals, and market the sale of the business' or farm When the property has sold the social security is paid for The money is also restricted in use to being used for the nursing home, Insane asylum, Hospital, or prison Social security is not for retirement Its better to live with family and be cared for by family and hand the assets to family members rather than claiming social security which requires the family to buy the property back Often times family members will live on the property when its sold and should not be there as its considered trespassing
Comment from : @CRITESBIKER

I’m on Social Security and Medicare The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut I literally made best decisions when i started working with an advisor
Comment from : @BaffySchenck

That is a big joke a real big joke
Comment from : @martinneps9387

Investments are the roots of financial security; the deeper they grow, the stronger your future will be
Comment from : @BrigetGstar

Acorns is useless, change ur sponsor, juat set aside set amount of monry per month to invest and actually pick the stocks urselves, done, that easy way eqsier and more personalized than acorns
Comment from : @felix-qo3xk

So far I'm doing good, approaching retirement with about 800k in savings Transitioning from building wealth to spending can be scary, especially with soaring inflation My question is, after maxing out my tax-advantaged retirement accounts, what next?
Comment from : @caseybills5517

Praying 🙏
Comment from : @JasonCrozier-l9w

Praying
Comment from : @JasonCrozier-l9w

Lately, I've been contemplating retirement, uncertain whether my 401(k) and IRA will ensure a secure future I've also invested $800K in the stock market, experiencing fluctuations without substantial gains
Comment from : @Hannahbenowitz

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them
Comment from : @Anitasolomon-u4p

I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
Comment from : @christainjames

b*What To Collect In Retirement*/bbr1⃣Social Security checksbr2⃣Medicare coveragebr3⃣401K investmentsbr4⃣RothIRA investmentsbr5⃣IRA investmentsbr6⃣Bank high-yield savings accountsbr7⃣Some kind of job that is suitable for old people
Comment from : @kiwifruitkl

I retired 24 years ago on early retirement, I am 74 now and don't know what to do, please help me
Comment from : @CliffordShue

How do I apply for SSI income?
Comment from : @CliffordShue

im 54 how much
Comment from : @brianfrancis2862

God bless Social Security forever ❤
Comment from : @isaiahbanks3888

Yeah, well the reality is that for a lot of Seniors Social Security will be their only source of income It's not a benefit, it's their money that was taken out of their checks Therefore, Congress had better get going and pass one those many bills to fix it
Comment from : @Lyn777

Investors made stocks soar last Tuesday, cheering the October Consumer Price Index report that showed inflation slowed more than expected last monthWhat is the greatest strategy to take advantage of the current bull market while I'm still deciding whether to sell my $300k worth of stocks?
Comment from : @barttfisher

Relying solely on social security isn't advisable I've learned that the most efficient path to wealth, both in acquiring a million and sustaining billionaire status, is through wise investment strategies
Comment from : @tahirisaid2693

Social security statement LOST Went to their login, no matter what I enter it says "wrong" But info entered is NOT WRONG!!! Same with OPM, CANNOT GET THROUGH BARRIERS THEY ERECT!!! i TRIED BOTH WITH nORTON ANTIVIRUS DISABLED!!! gOOGLE SEARCH SAYS "PROBLEMS" WITH THEIR SYSTEMS!!! tRIED CALLING TEL NUMBERS, WAIT IS HOURS OR years!!! Must drive 23 miles to nearest office (I have no appointment) impossible to get appointment by tel!!! When you get SS and OPM statements in January, PIN TO WALL WITH THUMBTACKS BECAUSE IF YOU CAN'T FIND THESE IN MARCH OR APRIL, ONLY THE THREAT OF RUSSIAN HYPERSONIC MISSILES HITTING DC CAN GET OPM AND SS TO DO ANYTHING FOR YOU!!!!!!!!
Comment from : @charlessavoie2367

how can you save up for retirement if you can only keep $2,000 in the bank? (when you receive social security)
Comment from : @uriel4377

65 now with no need for SS ,not planning to draw until 70 Shouldn't be a problem PLENTY of $ to get me there brbrWarding off females who want to become young, wealthy widows, taking applications to save me from those nefarious pit vipers NOW comes the "problem" LOL
Comment from : @domjervis

Thank you; my father-figure worked his tail into the grave and I am working on myself the same in Jesus, The Christ, the only ‘TRUTH’ in my life and I believe all whom believe AYea
Comment from : @Hokua888

I highly doubt the government will even give me a penny by the time I retire Plus they've already stated social security will be gone by 2037
Comment from : @AnotherCG

Leave it to the government to manufacture such stupid equations
Comment from : @AnotherCG

So I should seek low income job my entire life just to get better benefits or seek under the table jobs which one?
Comment from : @AnotherCG

Lol 420
Comment from : @AnotherCG

I’m not waiting until 67… sorry
Comment from : @nxp22

For some people
Comment from : @kathygrass9423

I collect SSDI now and been collecting since 2015 when 55 years old now that I am 63 years old can I apply for social security retirement and would I be able to collect both SSDI benefits and social security retirement benefits
Comment from : @colinhughes9224

100,000 a year for 35 years for 2,800 a month before taxes at 62 effing years old (I'm rounding up to be "nice") dont make no sense
Comment from : @jo69817

How do we get the 3600 a month
Comment from : @CornPopSniffin

To all the young people out there who believe that SS will not be there for them Get involved in your future demand that your representatives support a strong OASDI
Comment from : @everettcalhoun8197

Very few make that kinda money
Comment from : @jamesgadd931

Max out your Roth IRA
Comment from : @chivas_gold

We all need to save social security now not later and we need to take thoses in office out of office in government that don't want to save social security
Comment from : @Irishgreen56

Yes, the US government has borrowed money from the Social Security trust fund in the past br brThe Social Security trust fund collects more in payroll taxes each year than it pays out in benefits The excess funds are invested in US Treasury bonds, and the interest earned on those bonds is added to the trust fund br brHowever, the government has sometimes borrowed money from the trust fund to finance other government programs, such as infrastructure projects, defense spending, and other government expenses This borrowing is accomplished through the sale of special-issue Treasury bonds to the Social Security trust fund br brThe government is required to pay back the funds it has borrowed from the Social Security trust fund, with interest As of now, the US government owes over $28 trillion to the Social Security trust fund The government is required to repay this debt, and failure to do so could potentially jeopardize the stability of the Social Security program in the future
Comment from : @skitzdaniel3314

I worked hard for 50 years! I had to move 22 times for work I’m 71 and retired with a body that hurts every daybrStop salivating over what I get from SS It’s barely enough It will not buy an electric car either Don’t be shocked if a lot of us think you are blood eating leeches
Comment from : @Mixster707

Im 21 I've always been told to plan as if social security won't exist by the time I retire
Comment from : @worthlessgarbage4857

Joe Biden claiming to champion Social Security and Seniors yet he taxes their benefits which they paid into all their working lives 😡
Comment from : @SlickCat

SS payouts should be cut during recessions If SS tax receipts drop, as they will, during a recession, shouldn't benefits be cut?
Comment from : @karlkeating9960

I've been working since I was 13 Worked in a trade No college I worked overtime my whole life I retired at 55 The day I turned 62 I started collecting SS $210000 per month Looks like there will be a 10 increase in January I do just fine on SS Another $20000 per month in January Maybe the same the following year? Live within your means Save for retirement early Work sucks Get out early
Comment from : @peternorthrup6274

Why do any of us deserve a Federal government handout? Young people are struggling to pay off student loans, educate their kids and pay off mortgages Seniors had their whole working lives to save They should not be collecting welfare now
Comment from : @tomblevins5020

I live in a complex full of old people Everyone I speak with is getting a monthly Federal welfare check I mostly worked for cash How can I collect a monthly welfare, SS, check?
Comment from : @edrodgers4581

Unsure for the future of social security benefits 🤦🏿‍♂️
Comment from : @maxlewis2011

Can i get a thousand more dollars from social security if i spent all of it for games off of amazon because theres nothing wrong with this!
Comment from : @jasonmadello7345

I'd like to see the numbers also for ages 62 the full retirement age and age 70
Comment from : @tomvonneefe4269

You forgot to talk about on how Social Security probably won't exist when I retire I'm 32 years old by the way, I got a long way to go
Comment from : @HighwayLand

Nothing, I’m not counting on it for my retirement
Comment from : @Christof708

420 blaze it
Comment from : @Aaron14LifeZZZ

I'm more confused than ever I bet I will be lucky to get 800 bucks a month in 4 years
Comment from : @lobstermania4025

Comment from : @emmadavis4358

2,790 here i come
Comment from : @lolha7773

401K, IRA, cash saved, savings bonds, part- time job and social security
Comment from : @chicnoir29

We need to get rid of SS, just give everyone their money back and end the program
Comment from : @callmeosho7792

356 dollars month
Comment from : @veranayavalbrun3402

I am 67 years i get175 a mont whick 22500 year
Comment from : @erminobenitez3122

How much i get
Comment from : @erminobenitez3122

If i get 2500 a year
Comment from : @erminobenitez3122

If i get $175 month
Comment from : @erminobenitez3122

IDK They take 12 of your paycheck (you pay half, company pays half) and they are still running out of moneybrbrBetter to let me keep that 6-12 and invest over my working life time
Comment from : @WmRod

I know it's likely someone won't respond, but I'm still curious how the age you retire affects your benefits, because the later you wait to receive benefits, the more you get Does it affect your bends, or how does it work?
Comment from : @optimisticnihlist9705

If you don't own property by retirement, paid in full, forget about it Living won't even be worth it
Comment from : @PaulHo

Nice video
Comment from : @estebanazcarragasada9386

How about they give me back all my paycheck deductions? I better have a social security waiting for me when I retire
Comment from : @fastxsam

I have no hopes to get this 😪
Comment from : @iseeflowers

April Fools! Nobody is getting anything in 20 years!
Comment from : @DoubleOddJosh

Kets be real my generation will never see this money
Comment from : @LifeWithRilla

Nice work ✨🎇🎆
Comment from : @jeffdorris5321

Is it gross income or net income?
Comment from : @mars2459

I've always wanted to invest in forex/stock trading, after a few trials I realized that trading without a good mentor and guidance is a waste of time and money
Comment from : @donaldmicheal4288

i'm a millenial so none
Comment from : @plqyroom

Stocks are good but i swapped and invested in forex and crypto I've been earning much from it
Comment from : @Vivek_Bindra22

Social security is a scam nowadays Born after 1980 and my pension will be a joke I'm near 40s and I own nothing A good chunk of my salary is going in taxes and social security That money would do a lot for me right now, I could make a morgage for a house, save for my kids Not some coins in 25 years
Comment from : @ricardomaggiore5518

It's a new year with bright and beautiful ideals, I guess everyone got a huge list for this 2021 because last year was bad for me because I couldn't go into any Investment because I wasn't wise enough to do so, can anyone advise me on any profitable investment I can go into this year?
Comment from : @karleeheller2568

Social Security is a Ponzi scheme get rid of it
Comment from : @mdstmouse7

I wish I could opt out of Social Security and instead invest that money in index funds
Comment from : @0neofthem

Why is nobody talking about Cruptocurrency at this moment? It's on a bull run and a lot of people are defintely gonna miss out on that just like the last time
Comment from : @anthonyjames4662

What do you think about the "windfall" program? Do you think it will ever be repealed? Former civil service employees really get the short end of the stick on this policy!
Comment from : @jbrad761

i feel like iv'e already seen this video
Comment from : @kariuki6644

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Comment from : @sandorvarga6982

I’m retiring at the end of this week at 62 Taking my SS now Too many friends and family members didn’t live long enough to retire and get SS I have a pension and a 401k besides
Comment from : @OhMaryJo