An easy way to get more Social Security

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On today’s episode, Don and Tom talk about the difference between 401(k) Roths to ‘regular’ 401(k)s]. They also discuss and clarify some of the most common myths around Social Security, with Don using his own Social Security payouts as an example of why waiting to file can have huge benefits for you and even your spouse. Tax planning and thinking about taxation in retirement are often overlooked, which often means people pay more tax than necessary because they did not consider which money to take out first and which to hold on. Along with this, they also tackle the contentious debate of value versus growth and why diversification is more important than picking either. For this and much more, join us today!

For SEP and Roth IRAs, you have to have an income to contribute.

More than half of Americans take Social Security before full retirement age.

The earliest age you can take Social Security.

Why everyone should have a Social Security account on the website.

Deciding between a 401(k) Roth or regular 401(k) depends on post retirement tax bracket.

Money that goes into a Roth is not taxed.

People generally overlook taxation in retirement.

There is no minimum tax on IRA in regular retirement conditions.

Some plans have mandatory withholding, but not all.

What recency bias is.

Whether value is better than growth.

Value tends to beat growth over a longer period.

Why you should buy the stocks which have not done well.

Vestory — https://vestory.com/

Social Security Administration — https://www.ssa.gov/

414 episodes available. A new episode about every day averaging 24 mins duration .