Episode 78: What’s So Secure About Social Security with Bill Rainaldi, CFP®

In this episode, we ask: Who is Bill Rainaldi? What is Social Security? When was it started? How much of your income is withheld from your pay for Social Security? How does Medicare factor in? What is the average Social Security income? Can you rely on Social Security in retirement? How long do you have to work...

In this episode, we ask:

Who is Bill Rainaldi?
What is Social Security? When was it started?
How much of your income is withheld from your pay for Social Security?
How does Medicare factor in?
What is the average Social Security income?
Can you rely on Social Security in retirement?
How long do you have to work before you qualify for Social Security?
What is a spousal benefit?
What are the mistakes people make with Social Security?
How much do these mistakes cost?
Are the Social Security personnel unable to give financial advice?
What is a survivor benefit?
Why is it important to consider your spouse in the decision on when to claim the benefit?
What if there is an age difference with the spouse?
What is the earnings test?
What is the most common age for people choosing to receive the benefit?
What happens if you’re still working?
Are you trying too hard to get the maximum benefit?
How does the formula work?
Who benefits more from Social Security – a high or low income person?
What is the rate Social Security benefits are taxed at?
Are you making too much in income?
Is Medicare free?
What about Medicare Part B?
What is MAGI?
How can you manage your benefits properly?
What about Medicare Part D?
How do you stay below certain thresholds?
Can your Social Security benefit go down?
What about brackets?
Will Social Security be around in the future?
What is happening with the retirement age?
What action steps can you take to better prepare for Social Security?
Can you live on Social Security benefits alone?
Have you and your spouse visited ssa.gov to find your best claim option?
Would you like a free Social Security analysis? Book A Meeting

A Lehigh University graduate, William Rainaldi is a Regional Vice President for Security Mutual Life Insurance Company of Binghamton, NY. He is a leading U.S. authority on Social Security and its impact on retirement planning. He has an extensive background in life insurance, business & investment concepts and computer technology.

In 2015 he was the featured presenter in a series of Social Security webinars sponsored by Trusts and Estates magazine and Wealthmangement.com. In 2017, he was a featured guest on Laura Adams’ Money Girl podcast, produced by Macmillan Publishing.

Mr. Rainaldi is a Certified Financial Planner™ and an Accredited Estate Planner (AEP). He is married with three children and two grandchildren. You can reach Bill via email at [email protected].