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Retirement Lifestyle TV
United States
เข้าร่วมเมื่อ 24 ก.ย. 2022
The first channel to bring crypto assets into traditional retirement planning to augment retirees' permanent income, social security, and pension strategy. Financial Education Content Only: WMCP®, CRC®, RICP®, and U.S. Marine Veteran who worked over two decades for large organizations. We will breakdown archaic financial education into actionable content that provides endless value. There is no greater reward than financial empowerment and sharing everything I learned to create lifetime wealth. Join me on this journey to cultivate Retirement Lifestyle TV.
DISCLAIMERS & DISCLOSURES:
This content is for educational and entertainment purposes only. Retirement LifeStyle TV does not provide any investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results.
DISCLAIMERS & DISCLOSURES:
This content is for educational and entertainment purposes only. Retirement LifeStyle TV does not provide any investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results.
SOCIAL SECURITY DIRECT DEPOSITS, CHECKS, AND COLA INCREASES: JANUARY 2025 PAYMENT SCHEDULE IS HERE!
The first 2025 Social Security payments will begin arriving shortly. Your date of birth will determine when you receive your payment, with a few exceptions. However, if you received Social Security before May 1997 or are receiving both Social Security & SSI, Social Security is paid on the 3rd and SSI on the 1st. If your payment date falls on a federal holiday or weekend, you can expect to receive that month’s payment on the weekday immediately prior. #ssa #socialsecurity #babyboomer #genx #ssi #ssdi
Schedule of Social Security benefit payments in 2025
Included in this video are the confirmed payment dates for retirees based on the Social Security payment schedule for January 2025.
Schedule of Social Security benefit payments in 2025
Included in this video are the confirmed payment dates for retirees based on the Social Security payment schedule for January 2025.
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PRESIDENT SIGNS: 2025 SOCIAL SECURITY FAIRNESS ACT BECOMES LAW AND MONTHLY INCREASES FOR MILLIONS
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President Biden signs into law legislation the Social Security Fairness Act extending full Social Security benefits to nearly 3 million U.S. retirees, according to advocates for the measure. Decades in the making, the Social Security Fairness Act would eliminate two federal policies that prevent former police officers, firefighters, postal workers, teachers and others with a public pension from...
New Social Security Bill: Pocket Veto for Millions? Expected Outcome! #teacher #police #retirement
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Why Your Monthly Social Security Check of $1,226 May Increase Up To 50% in 2025.
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Social Security benefits boosted for millions in bill headed to Biden’s desk. The U.S. Senate approved a broadly bipartisan bill early Saturday that would increase Social Security benefits for millions of Americans with pensions by ending two of the program’s policies in place for decades - the windfall elimination provision and government pension offset. The legislation, which would cost more ...
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THE 5 THINGS THEY DON'T TELL YOU ABOUT YOUR EMPLOYER'S 401K PLANS
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They still steal social security checks in the mailbox to this day!
Do you know how many times I hear about these days about the stimulus check the temperature of the seniors won't get I don't believe that for nothing this time it's supposed to be in November December January and still no checks lying to us again
$28.00 was my cola a pack of hamburger lol that's was an insult
lol must get the money first before I can plan ahead for emergencies or play time
Banks will be closed. And many delays even I money transfers
Oh my you forgot Martin kings day so banks will be closed. For thst holiday. In January It’s a bank holiday no action will be done on our checks or deposits will be delayed. Please check this
Oh my you forgot Martin kings day so banks will be closed. For thst holiday. In January It’s a bank holiday no action will be done on our checks or deposits will be delayed. Please check this
Hi Gloria. I didn’t forget it. Is it Monday and not on any of the payments dates. You should be just fine.😊
Colas an Inflation is 2 different things.Colas is very very very low Inflation is very very very High.We need help in getting more money to live off of.
Colas is not keeping up with the Price of inflation.
How do people still getting paper checks .Paper checks was phase out years ago.What we need to know is when Social Security is going to implement the Social Security Fairness Act.
The Social Security Fairness Act implementation details can’t come fast enough.
Thank you for the update and info on calendar 🗓️ dates real helpful 👍
Thanks for dropping a note Jose! I plan to provide the Payment Schedule for February 2025 soon as well.
Great stuff and thank you! My question is this...I receive approx $1950 monthly for my SS which is about the average for the country. How much of an increase monthly can I expect to see?
I’ve been holding on to several old 401(k)s from previous jobs, and I recently realized the fees are eating away at my savings. I feel stuck because I’m unsure of what to do with them.
You’re not alone! I had the same issue last year. Those fees can be sneaky, especially if you’re not actively managing the accounts. Rolling them over into a self-directed IRA helped me take control of my investments and cut down on unnecessary fees. Have you considered that?
That’s a valid concern. I was in the same boat until I consulted a professional. My advisor, Joseph Nick Cahill, walked me through the process step-by-step. He has years of experience helping people avoid those pitfalls while improving their portfolios. He even offers free consultations, so you can get advice without any upfront cost.
I vowed to never again put all my eggs in one basket. I've since diversified my investments and hired a financial advisor to manage my excess funds. Now, as a semi-retired sailor, I spend only 9 hours a week maintaining my yacht, and I'm thrilled to be just 5% shy of my $3.4 million retirement goal, thanks to savvy investments made since rebuilding my finances
Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help
My CFA, Joseph Nick Cahill, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
Sir, wonderful job explaining especially GPO offset.
😳😳😳😳🤦♀️🤦♀️🤦♀️🤦♀️💩
Will ssi get a raise
Do you know if the US Territories and Commonwealth are included in this act
Thanks for your message! Yes, based on the SSA Operation Manual the term “State” includes US Territories and Commonwealth. Here is the link: secure.ssa.gov/poms.nsf/lnx/0202608100
@ thank you for your quick response. Worked as a police officer for 28 years so I was curious. Thanks again
@@melvinvenzen1745Congrats on your well earned retirement and service to your community!
What about USDA csrs offset employees
Why can’t I get my deceased husbands full railroad retirement? They cut it.
Appreciate the detailed breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
While WEP and GPO aren’t perfect, if you take the time to fully understand their purpose, then a pocket veto would be justified to anyone who does the research.
There are way to many videos on TH-cam talking about Social security which has become quite confusing talking about who is eligible or who qualifies for stimulus checks. The American public has paid into this and has worked hard to get back what we put into it. Don't stir up a bunch of crap and wish the hell you hadn't. All you need is one spokes person who really understands what is going with Social security not 30 or 40.
@@edwardbowers5509 Thanks for your comment. All American workers should have a voice. We earned that right….young and old.
You need to research bud. The president got it on 27th. Jan 8 it becomes law as congress will be in session. There is no pocket veto. He can veto but he has stated in public he will sign it and also agreed with Schumer to sign or Schumer would not have brought it to the floor vote. Finally the national federation of police officers or national FOP says Biden will sign in a ceremony on January six. Source? Bidens staff. If he has unforeseen circumstances he can cancel the signing ceremony and simply sign it between Jan. 3 and Jan 6. There is another source but I forgot that one.
Thanks for the comment. Looks like we are on the same page. Watch the video this time around:). Happy holidays to you 🎉
Good video. Schumer would have never presented if Biden was going to veto. I could see this happening on January 6 like others have mentioned. As Trump election is confirmed Biden can say he did something.
Thanks for the comment and happy holidays 🎉.
Bro, I’ve been watching your videos and feel they can go more viral. I can help improve your thumbnails to boost CTR.
THIS IS ONE OF THE MANY REASONS WHY I HATE GENOCIDE AND APARTHEID LOVING JOE.IF IT HAD BEEN MONEY FOR BIBI THE BUTCHER AND DEVIL'S COUNTRY ISREAL. IT WOULD HAVE BEEN SIGNED ALREADY.WHEN BIBI SAYS JUMP THIS FLUNKY LEVITATES AND DOESN'T COME DOWN UNTIL HE'S TOLD.
They also said that if Biden doesn't sign it and return it but doesn't veto it. That it will become law. If he does nothing it will become law.
Thanks for the comment and happy holidays 🎉.
The President has ten days, excluding Sundays, to sign a bill once it has been "presented" to him. Given this information the President has up until midnight on January 8 to sign the bill into law. There is some indication that there is a "ceremonial Signing" for this particular bill at The White House on January 6.
Thanks for this update. It is significant enough to have a ceremonial signing. Happy holidays!
Thank you for your positivity, have a great day also.
Happy holidays and thank you very much!
I follow union info and they say White House says Biden will sign and a signing ceremony is scheduled for Jan 6. He's out of the country on vacation till after Jan 1, but he is in favor of the Fairness Act and we should be fine. Will be interesting to see if the Congressmen who were against it will come up with solutions to SS insolvency in 2025 or whether they just wanted to kill that bill at the time.
Great! This is good info. There will definitely be some problem solving to do on the insolvency front..in the years to come. Happy Holidays!
You got that right, he has up to Jan 8th. I am much more confident now. Of course I am affected.
Why is Joe not signing this legislation yet? For 22 years now the government has been screwing me of my money I earned during part-time work to make a decent living 😊
President Biden will either veto this bill or simply not sign it. It’s flawed and will hurt the social security trust fund.
It's only for government workers (federal , state, local). Doesn't help the rest of us. So many of these videos out there that get people's hopes up and it's really only for some people. Click bait for everyone else. Maybe put that it in title next time.
I am so grateful for this fairness act being passed. I worked and paid into social security for thirty three years. Then I worked fifteen years for an independent school district and did not pay into social security. Even though my pension is very small because I only worked fifteen years for them, i lost fifty percent of my social security, which would have been very small too. Now, after medicare, I received nothing from social security. And in fact, I end up owing them and I have to send them a check quarterly. So now I am working again and paying into social security again, because that is the only way I can make it. Of course, I can't teach anymore because I don't have that stamina and my health is bad. So I work in an office doing payroll. I'm not asking them to reimburse me for what I paid in all those years. But it sure would be nice if I could get one hundred percent of my benefit and not have to work anymore.
Thank You! I'm a retired teacher.
Thank you for this information! Great video and very timely information..
Glad it was helpful!
Biden has not signed it and most likely it will be a pocket veto.
This is bs
Sorry, WEP and GPO do not reduce Social Security. WEP uses a modified formula and GPO is an offset. Neither one is a penalty.
I’m certain that the impacted retiree(s) of the WEP and/or GPO policy refers to this as a reduction. Also, the SSA chart for substantial earnings per year reflects the max “reductions” per number of years contributed to SSA. Thanks for dropping a comment and happy holidays.😊
Only for 3 million SS retiree's benefits recipients. The other 70 million get nothing. I was alive when WEP GPO was enacted. A total rip off by that corrupt administration. Now these corrupt crooks criminals traitors politicians need to enhance boost SS retiree's benefits recipients that make the poverty benefits of $500 to $1500 to $2000!! And they're still in poverty, but they will eat, and nothing else. Pretend to be illegal and you will get all the free stuff. 😂
BS
The maximum WEP deduction for 20 years and less is $587 not $490 www-origin.ssa.gov/benefits/retirement/planner/wep.html
I visited the SSA site you provided and the max referenced there $587.00 is based on the following. “Your full retirement age is 67. If your full retirement benefit is $1,396, your ELY benefit after the WEP reduction would be $809 ($1,396 - $587)”. This is also correct based on the individual SSA benefits amount which is higher than the example of $1,226 that I used in this video. Happy Holidays and thanks for tuning into the channel 🙏🏿. I really appreciate it.
If the tax rate is the same rate when you set up the IRA as it is when you withdraw the IRA funds, then there is absolutely no difference between a Roth IRA and a traditional IRA. A Roth IRA only yields more money when your tax rate is higher when you are retired and not working. And that's not usually the case for most people. Most people have a higher tax rate when they are actively working and bringing in a big salary. So what you should do is when you're a young man or woman who is just starting their job and in a low tax bracket, you should contribute to Roth IRAs. But once your salary climbs You higher into higher tax brackets. Then you should contribute to traditional IRAs.
@@jamescolllins5354 I agree, that is certainly a great strategy for younger workers considering Traditional Vs Roth IRA. Also, near retirees should consider contributing to Roth IRA as well to diversify their withdrawal options in retirement.
@@RetirementAdvisorWait so I’m really confused about my situation then. I’m only 24 but my new job has me at 93k a year. I expect to make more in the future cause I’m in the engineering field so should I just go ahead with a traditional ira over a Roth?
@ As an early career employee starting off with a 401k Roth has many advantages. Your contributions will be made with “after tax dollars” and growth will NOT be taxed at the time of withdrawal - 59 1/2. During one’s mid - career when raising a family and buying a home, diversifying to traditional 401k will help with tax deductions for higher salary earners.
@@HaiRune @ As an early career employee starting off with a 401k Roth has many advantages. Your contributions will be made with “after tax dollars” and growth will NOT be taxed at the time of withdrawal - 59 1/2. During one’s mid - career when raising a family and buying a home, diversifying to traditional 401k will help with tax deductions for higher salary earners.
Garbage
Why so low? We need at least a 25 percent increase
You can get more than your showing
The video is about life annuities, which are sought out products for retirees who desire permanent income in retirement until they die. Stop and Start payments or lump sum payments doesn’t help with essential expenses in retirement. Thanks for the listen and comment though!
Your info is not correct. Not all annuities are like that. You’re speaking anybody the old fixed annuities while the new index annuities give all kinds of options to start and stop payments or take a lump sum. Do your research bro!
I had a friend that worked in the warehouse for 5 years and never got promoted to be a driver.
…did they have a CDL?
@@melvinbritton5822 probably not but how he explained it to me was hafter a certain amount of years you automatically get promoted.