Apr 7, 2019
Do you know everything you need to know about social
security?
Many people fear negative change to social security benefits in
the future. There’s also the resounding opinion that it could be
run better (like any government agency, I’d venture to say). While
we can’t say for certain that there won’t be any changes to social
security, we can implement tax-saving strategies and secure funds
in other ways now to make sure you retire comfortably regardless of
whatever changes are made. Luckily, social security isn’t going
bankrupt and probably isn’t being reformed any time soon.
In this episode of The Chris Berry Show, I’ll share the top 12
things you need to know about social security. Our guest Allison
Murphy will also discuss Fox Run, a continuing care retirement
community.
In this episode, you’ll learn...
- Chris’ positive focus for the week.
- How to get a copy of “The Baby Boomer’s Guide to Social
Security.”
- Why social security isn’t going bankrupt and why it was
created.
- Why congress won’t take up social security reform any time
soon.
- The difference between taking money and borrowing from social
security.
- How wait times have increased and how social security is
taxed.
- Why social security isn’t meant to be your sole source of
income in retirement.
- Why social security isn’t keeping up with the times and how you
can still work and collect.
- The digitization of social security and how it isn’t just a
retirement program.
- How most people get more back from social security than they
put in.
- About Fox Run, what they offer, and who they serve.
- Why Fox Run can be a home for life so that there’s no worry of
needing to move.
- The cost of Fox Run, why they’re unique, and how to pay for
it.
- The healthcare and amenities at Fox Run.
- Fox Run’s plans.
Q&A
In each episode, I take questions from listeners. If you have
any questions that you want answered, feel free to email us at
askchris@thechrisberryshow.com.
Here are the questions I covered in this episode:
- Jean asked: “What options do I have for money other than CDs? I
want to save, but not put in the market. Are there any
alternatives?”
- Larry asked: “Should we get permanent life insurance?”
- Alex asked: “My wife and I have wills prepared by an
out-of-town law firm. Can they just be included in a trust by
another law firm? We have existing wills but want to explore
setting up a trust. Can they be used or will they need to be
recreated?”
- Evan asked: “What are the steps to prepare a will? What’s the
difference between a will and a trust? Are wills
legally-binding?”
Links & Resources
AlzElderCare.com
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Register for one
of our free estate & asset protection workshops
Fox Run
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry