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What about 9 1/2 years marriage . Can you collect ex spouse benefit?

I am 65 my ex is 62. I called the social security office, they told me I can not collect my ex social security until he collects social security.Is this true?

Im confused on a few parts... 1. If I bought a $200 EE paper bond, did I pay $200 to buy it? Or did i pay $100 to buy the "$200" face value bond? 2. I understand the bond doubles it's value at 20 years old. 20 years after its issue date? Again, does this mean that i paid $100 and now the "$200" face value is achieved? ($100 became $200?) I think I'm understanding you to say that the growth is from interest it has been accruing since i purchased it, plus any adjustment difference added to make it at least double. Double what i paid ($100 became $200)? Or, Double the face value on the bond ($200 became $400?)? 3. Are you saying that at 20 years the bond at the very minimum will be double the value? Or in theory, could it ever accrue a surplus of interest value higher than double the bond's face value? At 20 years? 4. Are you saying that AFTER the bond doubles at 20 years, it can still grow beyond that amount by accruing interest over an additional 10 years? 5. Is "Maturity" the 20 years mark? Or is maturity the 30 years mark? I understand that after the 30 years, there is no more growth on the bond. I'm assuming there is also no loss after 30 years? No risk of losing any of the interest it had been accruing? Is the taxable interest on the Bond the difference between its face value and the amount you actually received when you cashed in the bond?

I'm disabled, was married 11years and 2months. I'm divorced since April 2010. I'm 62 years old. I recently heard that my ex spouse is disabled and reviewing disability. I receive below poverty level income. Should I apply for spousal benefit.

Great information Ryan (and thank you)!

One point may be confusing as to when you must report your interest for the EE bonds. If you have deferred the interest, you must report the total interest received over the 30-year life of the bond IN THE YEAR THE BOND MATURES regardless of whether you actually cash the bond or not. This caught me and I owed additional tax for interest accrued in the years after maturity and my realization this was the law. Even though the government still has your money, you must report the interest income in the year that bond matures, or they will charge interest on the unpaid tax.

Also, if you withhold the funds to pay the taxes for the conversion (instead of paying them separately) it’s considered a distribution and you will pay the 10% penalty on that withholding if you aren’t 59 1/2.

sell all the GOVT bonds S.S. funds were and continue to be used to purchase and put it all into the S&P 500 via SPLG ETF

Here is the issue for me. My 529 plan will only transfer the entire amount. They do not process partial rollovers or partial amounts when selecting the rollover. How will Schwab (beneficiary roth account) handle the TOTAL refund of the 529 funds if the allowed limit is $7000 per calendar year? What happens to the remaining balance/funds that we part of the full transfer?

New to your channel… will subscribe… great info

How do I know what # to put in Denomination?

This information is So important. I was one of the 6/10 people who had absolutely no idea that I would be eligible for spousal benefits. My husband and I made virtually identical salaries throughout our careers, and I thought that I would just take my own. Then he died. And then I Happened upon a TH-cam video that taught me that I can get 71.5% of his benefit (because I’m just turning 60) for the next 10 years, while my own grows… crazy, but even crazier that I had no idea!!!

Hello Sir , U need a attractive TH-cam thumbnail designer to grow your views?

Thoughts on snoxx ?

Lie.....

Oh cool. I thought you were going to have some solution. Thanks for the awesome info. 🙄

Sir my husband passed away in June 2023 I was already receiving half of his retirement but now I am 71 am I now entitled to my former earnings ?

Can an Ex force you to withdraw off his SS if after being married 38 yrs. to reduce his alimony payments

Good tip....

I need to buy a Roth at Schwab but not sure if I should.

Beautiful..... I didn't even understand anything you said.... But you sound so soothing...... 👍

Thank you for this info. It was news to me and I should have learned this before . But now I know!!!

Does being to irmaa adjested ...does it go year by year that cost? Say u go above 170k one year and down below the cut off the next year? Then back up? ...having a small etsy shop for living on money

Sir what if u cant pay? This always made me curious...i know they take it out of your ss but if ss doesnt cover it what happens?

Sir thank u so very very much. I'm 65y working 64k /yr. I have literally no saving...lost it all taking care of mom and 2 brothers that died. I'll get1800 about a month in ss...I've seen the irmaa chart I can go up to 170k and the premium doesn't go up......but to survive I'm started an Etsy online shop...and I used to be a commercial lillustrator and I'm working on making it a great success in money..Lord Willing. My question is as I get older this shop may go up past the 170 one , two 3 yrs then down below 170k..ur video here seems to say medicsre is FORVER MORE then going to look at my 2yr back income. ....if my income goes up and down the 170k limit do I have to do anything. ...file anything ...and with whom? . I HAVE to make money at least up tomthe170k...but my goal is to make as much as i can...i'm not retired or on medicare now..have work insurance. I'm so grateful for you here and ur videos..thank u from my ❤️ 😊 gloria

Thank you. Taking your advice now.

Raquel is really spot on! She has explained and role-played the situations and nuances of the new rules so you really understand it. I have listened to many people explaining the new NAR MLS rules. I tuned most of them out in the first 3 minutes because they were kind all over the place or not explaining it well.

How about the dividend or interest I earned on that non deductible portion?

I have SWYNX in roth ira and SCHD in brokerage i feel comfortable with these 2 but will look into ones u mentioned

SEC yields are already net of expense. You don't further reduce the yield by the amount of the expense.

Where does the 10 times come in?

That’s why I don’t do business with swab because with Fidelity it automatically goes into my sweep account That is why I think swab screws people over because when people are busy, they won’t take that extra step to move it to the money market plan so it’s a real rip

Thanks for the info. Now I know why Fidelity gives me 5%, Schwab. I have alot of short option positions, how would it impact my margin if I put the cash position in one of those fund?

What about dividend ETFs such as VIG, or does VTI provide sufficient dividends?

Great info and I like what Shaun said about multiple accts - i've got the Roth IRA & 401k, personal brokerage, HYSA, and will be gearing up to set up a separate Vanguard acct with VTSAX soon.

Surprised you don't have more of a following. You're good.

Any thing is better than the sweep account at .48 percent what we all want is a sweep account paying a higher interest why because when we sell it goes directly to your sweep making a decent percentage we may have limit orders on that may hit one two three,months from now Schwab is taking your sweep money and collecting the arbitrage between the sweep and the money market they don’t have your best interest at heart there making money and hoping you will fall asleep and let you money sit there while they collect times this by let’s just say a lot of people I am stuck here through a work place plan I will be leaving to fidelity there is a lot to like about Schwab but this is shady and you must keep and eye on them .

Does Charles Schwab have a sweep account that is high interest like fidelity spaxx that we can trade from without having to seek and re buy

Thank you for this video. One question about the basis that gets taxed as ordinary income in the year of distribution. Where does this basis get reported on tax forms? Thank you.

SS will never be "broke". The Fed Reserve will just print enough fiat money to write the checks. The bad news is that your checks buy less and less by the day and day. To stop this process, the Fed has to stop printing more fiat currency; or easily put, the govt needs to live within its means. Most politicians who try to fix this will not get (re)elected. Soooooooo, it ain't gonna happen. People want their free stuff. Ref SS, it is INSURANCE. The money paid in has to be set aside for ONLY that purpose, not spent for anything ever since it was enacted. Our govt has spent the money. Second, raise the retirement age to 67 now (grandfathered in at say age 50 or 55 and raised yearly), and slowly raised to 68-70. People who make it to 65 now may live another 15 years. When SS was enacted, most people didn't even make it to 65. I worked until age 75 because I could (what else would I do all day?). So I collected my SS check (which I saved), and spent my income. Now, the govt is taking it all with inflation and higher taxes. The only solution left is just to die.

Ryan, a bit of a confused presentation. You’ve confused duration with interest rates

At 2:55, the rated yield is AFTER expenses. Notice comment "with/without waivers" (of the fee). And when you recorded this, you must sell 2 days before you can use the money. Starting 5/30, I believe, it is now T+1 to get your money. And please tell us about Munis and how to calc the difference.

The amount with these accts though is one better off just simplifying it & putting that $ in a HYSA instead?!

Thanks that's where I had a question was with taxes. So if I get the municipal funds I just have to pay state tax correct? so i just show the statement to tax pro around tax season?

I made the change to my investment accounts immediately. Thank you so much!

I placed an order (SWVXX) for small odd amount, but it wasn’t filled. Do I have to go with a large round amount like 1,000s?

Schwab sucks. I had working orders that went MIA during the migration. So with my linked bank accounts.... missing. the information, the education TD provided that is just non existent at Schwab. How did the regulators allowed such a merger that puts the trading industry decades behind? IS the US turning into a 3rd world country that allows such things to happen? THe bigger uglier slower and fatter taking over excellence? Very sad! I miss Ameritrade...

I used TDA desktop interface and it was GREAT. Schwab's sucks. Anyone know of broker DESKTOP interface similar to what TDA desktop *was*?

It takes a whole book to know this? It must, because I sure can't figure out how to find someone with NO conflicts of interest!

the schwab platform is abysmal