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Kelly and Bob Miller from the prosperity group. When you're talking about social security and I think that's something just about everybody's interest and could you continuum. I sure can't Fred you know a lot of folks don't realize this but the first of 78 million baby boomers turn 65 years old in 2011. Leading the rest of the generation follow. At a rate of approximately 101000 people per day for the following twenty years. It has an astonishing amount that truly monumental number of people. Retiring and they all will have questions about Social Security . Now how much do people know. What if I told you that not knowing enough about Social Security could cost you tens if not hundreds of thousands of dollars. What if I told you that having a better understanding of this program could lead to an extra 200000. Dollars in retirement. Would you be interest in hearing about it. In 2012 more than sixty million Americans began receiving over 727. Billion -- Social Security benefits. The average monthly benefit for retired workers is roughly 12129. Dollars per month. You know Greg that if the average -- so security on customer that had paid in during their life had -- just a simple 1% interest on that account. They would be able to draw at age 623963. Dollars per year. Bob is it funny that you don't hear any talk in the political arena anymore about taking social security and sticking it in the stock market now. You know hit -- you're right 1% a year could -- -- monumental difference so the question is. You know are we really are we getting the best of our money's worth with Social Security . While most people don't even realize or monthly income could have been substantially higher -- delayed beginning there shall security even by one year. Our Social Security maximize yours -- systems. Helps to educate people nearing retirement to better -- name and social security and create a personalized retirement income plan to maximize Social Security benefits. And receiving nothing come to continue living comfortably into retirement. It's right Bob -- baby boomers transition from the accumulation phase two the distribution phase of their lives. There looking for way to continue receiving a steady paycheck and maintain their current lifestyle. Unfortunately for most the income they receive from Social Security pensions and other sources of incomes is not enough. By truly understanding Social Security in all the options you have available you can make better decisions for you and your family. Our firm has developed a proprietary Social Security report that takes a look at five main issues that face people. Preparing to begin their Social Security payments even if you've already started taking Social Security their concepts that you may be able to implement. To make your retirement more financially comfortable when you come to -- -- will outlined five key questions that -- need to know the answers to. And these are these five points and outlined beginning our number one now vs later. Based on your personal situation what years the best -- you began receiving Social Security retirement benefits. And trust me the folks over there do not help you that. Number two -- also planning what options -- married couples have when it comes to Social Security . And are you choosing the one option that will provide you and your family with the most. Income. Number three the impact of working in retirement. Some guy named Roosevelt Greg promised Cecil security would never tax. I wonder he was the first president -- failed at the anyway if you make some additional income during your retirement years how's this going to affect your Social Security retirement benefits. For Social Security taxation Korea -- those who never happened but it did. Do you know how much Social Security is being taxed and the strategies you can use to reduce your tax bill Bob. In fact so many of our listeners and people commodore workshops admit to us that -- Social Security is being taxed. And by the decisions that folks just getting a Social Security . Make it will have a great impact as you said earlier on how much they can receive. And if they don't use the right strategies. That's Social Security taxation never goes away and we see that all the time when we when we look at folks tax returns we have our CPAs actually study those tax returns and show folks strategies. On how they can potentially eliminate your Social Security from being taxed. Well I certainly had their client we spoke about earlier that decided to draw even though she's worked in over 50% of Herschel security's going to be taxed because of that number five are feeling the income gap if -- Social Security . Pension another source of retiring come and do not provide you -- -- lifestyle you'd help for. How much of your retirement

to the quite to that question though I'm sure everyone has regarding Social Security we need to explain a few things. I want everyone to be on the same page as far as terms and definitions -- a little background on how Social Security actually works. What think you have to understand about Social Security is what the administration calls your full retirement age . It is in fact he -- at the age at which your consider to be fully retired. Which Social Security was initially set up the -- for retirement age was 65. And it still is for people born before 1938. But as time passed the age for receiving for retirement benefits has slowly crept up. If you were born between 19381960. Your full retirement age is somewhere. On a sliding scale between 65 and 67. Anyone born in 1960 or later will now have to wait until

going to get. There's no easy answer for this question however. The Social Security Administration uses a complex series of formulas -- calculations to come up with an amount called the primary insurance amount or PI for short. Nearly every other calculation -- Social Security is based on this number. So -- is based on that number right so once we determine your primary insurance amount we can figure out how much you'll actually get an answer a lot of other questions. I'm sure most of you would recognize -- security administration. And -- statement that illustrates how much you would get if you were to retire early late or your full retirement age . Some of you might be thinking though. I am missing in my statement in awhile that's because these Social Security Administration decided to stop sending out the annual statement. And a program that has already notorious for being underfunded. The social security and administration decided to put the same function on the annual -- security statement online and save over seventy million dollars a year in doing so. All you have to do is now Skoda dude www. SSA dot gov and click on the link. At the left that says estimate your retirement benefits and Gregor. Mightily when this bothered by the fact that they call social security and unfunded liability. At that or an entitlement. Absolutely. You know that's that's crazy you know folks again we we gave you