SENIORS : 401K VS SOCIAL SECURITY VS PENSION WHICH SHOULD YOU CLAIM FIRST

Описание: #FREEHELPwithSocialSecurity,Medicare...MORE!
💰 Thomas did everything right—or so he thought. He maximized his Social Security at 70, but it triggered a "Tax Torpedo" that is now costing him $18,000 every year...

In this video, former retirement strategist Dr. Ed Graham breaks down the dangerous order of operations most financial advisors get WRONG. Whether you have a 401k, a Pension, or just Social Security, the order in which you claim them determines if you keep your money or hand it back to the IRS.

📌 WHAT YOU WILL LEARN TODAY:
• The Taxation Torpedo: How higher Social Security benefits can trigger an 85% tax trap.
• The IRMAA Surcharge: Why your Medicare premiums might suddenly double at age 70.
• Thomas vs. Carol: Two real-life stories of retirees who optimized for the wrong thing.
• Staggered Claiming: The "Middle Path" strategy most advisors never mention.
• RMD Planning: How to draw down your 401k early to avoid a tax spike at age 73.

⏱️ TIMESTAMPS:
0:00 - The $18,000 Tax Trap: Thomas’s Story
4:30 - Why "Perfect Plans" Fail in Retirement
9:15 - The Taxation Torpedo Explained
14:50 - IRMAA: The Hidden Medicare Tax
21:10 - Carol’s Mistake: Claiming Everything at 62
28:45 - The Staggered Claiming Strategy
35:20 - Michael Patterson Case Study: 4 Scenarios
42:15 - RMD Planning (The Age 73 Cliff)
48:30 - 5 Questions to Ask Your Advisor Today

📊 KEY NUMBERS IN THIS VIDEO:
• Social Security Taxation Threshold: $34,000 (Single)
• Delaying Social Security Benefit: +8% Per Year
• IRMAA Threshold: $103,000 (2024 Levels)
• The "Break-Even" Age Fallacy

👇 COMMENT: Which are you claiming first? 401k, Pension, or Social Security? I'm answering questions below.

🔎 RELATED TOPICS: social security at 70, 401k vs social security, pension vs social security, retirement tax planning, IRMAA 2024, social security tax torpedo, Dr. Ed Graham, required minimum distributions.

#SocialSecurity #401k #RetirementPlanning #TaxTrap #Medicare #IRMAA #Pension

*Disclaimer*
This video is for educational purposes only. Retirement tax laws are complex and vary by state. Consult with a qualified tax professional or financial advisor for your specific situation.
We are not your attorney, accountant, tax advisor, financial planner, financial advisor, CPA, banker, and we do not know your specific Social Security, SSDI, SSI, VA or fixed income benefit details.
Therefore, all of the material discussed, shown or mentioned in this video is for entertainment purposes only and is not financial, legal, accounting, tax, investment advice, or advice in any way. This information should be used as general information for entertainment purposes only, we highly advise you speak to your professional for specific information. We are not liable in any regard as a result of any information discussed in this video or any videos on this channel.
Chapter Disclaimer:
Average potential savings are based on realized premium, co-pay, and out of pocket savings estimates self-reported by consumers that worked with Chapter Advisory LLC to enroll in a Medicare Supplement, Medicare Advantage, and/or Part D Prescription Drug Plan. The average is limited to consumers that chose to self-report. Savings information is subject to periodic updates and corrections. There is no guarantee of savings and any savings may vary by policy type, state, or other factors.