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Insurance Marketing Ideas for Selling Social Security Benefits

Name: Insurance Marketing Ideas for Selling Social Security Benefits
Uploaded: 2014-10-30T18:32:57+00:00
Duration: 1 min 3 s
Channel: Michael Viñal
Description: This content was created by Michael Viñal. This content was uploaded by Michael Viñal. This is a YouTube presentation titled "Insurance Marketing Ideas…

30 Oct 2014 · 1 min

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This content was created by Michael Viñal. This content was uploaded by Michael Viñal. This is a YouTube presentation titled "Insurance Marketing Ideas for Selling Social Security Benefits" (created 2014-10-30) featuring a single speaker (labeled SPEAKER A). The speaker explains Social Security retirement ages (claims possible from 62 up to 70, with full retirement between ~65–67), how Social Security benefits can be taxable (commonly up to 85% and potentially higher), and mentions strategies to reposition assets and other income to minimize or avoid that tax. The content appears targeted at insurance marketing or financial planning professionals.

Chapters

Here's the problem. The standard retirement age for Social Security benefits is currently between 65 and 67, depending on our birth date, but we can start our retirement benefits as early as age 62 or as late as age 70. However, starting then— what's more, your Social Security benefits could also be taxable. In fact, based on all of your income, including wages, interest earnings, dividends, and any other taxable income, up to 85% of your Social Security benefits could be taxable, which could reduce your net spendable income by 20% or more. And with the government's need for additional tax revenue, that 85% could well become 100%. But there are ways to reposition certain assets and ways to receive your other income that can minimize or even avoid the tax.