4 SIMPLE Ways To Maximize Social Security Benefits

Half of Americans age 65 or older rely on Social Security for 50% or more of their income. A quarter of them rely on it for 90% of their income. With this in mind, it's extremely important to understand the basics of how it works, so you can maximize your benefit.
In this video, Jake breaks down how Social Security is calculated and 4 tips to take full advantage of what you've paid into over your career.
0:00 Intro
0:35 Basic Facts & Key Terms
0:45 How It's Funded
1:19 Wage Base
1:45 How It's Calculated
2:35 AIME & Bend Points
3:43 Primary Insured Amount & Full Retirement Age
4:34 How It's Taxed
4:45 Provisional Income
6:60 Provisional Income Example
7:30 Subscribe! / @sparkwealthadvisors
7:42 Tip #1
8:36 Tip #2
9:27 Tip #3
10:17 Tip #4
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*This content is educational and not tax, legal, or investment advice*

[@dlipp23]

Thanks! Great breakdown and explanation

[@SparkWealthAdvisors]

Thank you! Glad it was helpful.