Common Sense Financial Podcast: Mindset & Growth

What should you know, consider, and do when it comes to your social security benefits? And what about Medicare? Join Social Security and Medicare expert Rich Grawer and Brian to learn about how to determine your retirement age, whether or not a non-working spouse can qualify for their spouse’s benefit, understanding potential taxes on your social security benefits, and in which scenarios one can qualify for Medicare. Social security and Medicare expert Rich Grawer addresses some of the most frequently asked questions Brian gets asked by his clients. In order to qualify for a social security benefit, you need the so-called 40 credits. You can gain a maximum of four credits a year, and in 2017 you had to have earned and paid social security taxes on at least $5,200. The full retirement age is determined by the year you were born: if you were born between 1943 and 1954, your retirement age is 66. If you were born it would be 66 and 2 months – and it keeps going up. After that, they take your 35 highest years of