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IRMAA Income Related Medicare Adjustment Amount.

One of the best reviews of SS claiming example with spousal benefit. Thank you.

there was no bitcoin in 2007,2008 and in 2009 it wasnt worth anything. People started paying attention in 2010. You can also track online the total untouched btc.

This is the first video I've seen that talks about the "when" part of income. Can't say I completely understood, but the basic adjusted for inflation thing I got. I retired 22 years ago at 45. I assumed I'd get no or a very small SS benefit. I had low income in the Army and during college. But I was a software engineer by age 26 and was maxing out SS payments within a year. But still that gave me only 17-18 years of high income so a lot of zero years. By about age 55 I started getting mailed estimates from SS and I assume they were assuming I'd go back to earning and paying in. It wasn't until 60 that I started wondering if the estimate could be right. I'm planning to wait until 70 and my estimate is $3800/mo (today's dollars) since I'd never factored in SS at all. I never had a huge pile of money. My main security was knowing I could still earn as a software engineer. Kind of funny that I was lucky to have retired before the internet had much content. Financial planners would say I would have been insane to have retired. But that's been part of the fun. Figuring it out as I went. Moving to SE Asia next year. What a blast.

Do you plan on retiring early? Or do you see yourself working to full retirement age? Let us know in the comments! Also, if you'd like to know more about how Social Security is calculated, check out this video: czcams.com/video/XFJTkIPt_po/video.html

Thanks for watching! Looking for other financial or retirement videos? Try "Exploring Savings Vehicles: Maximizing Retirement Savings as a Consultant" czcams.com/video/D05CUupx5ns/video.html

If you want to have rental properties, you need to have a few. They will offset eachother in the bad months.

I've rented homes for 20 years. I converted four rentals to Airbnbs and made a KILLING from 2017-2024. I switched back to long term rentals because of the Airbnbust and while I now generate 50% of the income I did previously. I was able to pay off these rentals in the good times because I was disciplined to do so. If you make smart decisions, and treat people kindly and you tolerate their lateness sometimes, it is still so worth it. TransUnion Smart Move is the best thing to happen to mom and pop landlords since rentals became a thing. Make the applicant pay the $43 and you get their rental history, eviction data if any, their charge offs, their entire credit history and more. It is easy to find the right renter when you do your homework which is a LOT easier in 2024 than it has ever been. One of my homes, I paid $143k in 2003. Guess what its worth now with a $90k ADU I built in 2018 in the back yard? $700,000. I'm generating $4000 a month reliably. I was doing $8000 a month on Airbnb when it was working but I pivoted because 100% of 0 is, well 0. I'm in a desirable area, your mileage may vary.

Thank you for making this video, it has answered so many questions I have.