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Original publish date March 12, 2016 (hour 1). Note that content may be outdated as rules and regulations have changed. In episode 9 of YMYW podcast,\xa0Joe and Big Al talk Social Security! Big changes are coming up fast, listen to find out what you need to do right now to take advantage before it's too late.

02:03 \u201cSanders would take tax capital gains rates at ordinary income and eliminate opportunities under current law for avoiding the tax through gifts and requests for appreciated property\u201d

08:01 \u201cWe did a Social Security Webinar; if you want to check that out, go to our website\u201d

11:44 \u201cIn just a matter of weeks, those little known [Social Security] claiming strategies are coming to a screeching halt. The government is changing the rules on how you can claim your benefits, and the deadline is just around the corner. For those who are eligible, you have a very short window to take action\u201d

17:09 \u201cApril 28th [2016] is the deadline for you to file for your benefit and suspend them\u201d

24:16 \u201cIf you\u2019re married, it\u2019s a really good idea for the spouse who has the highest benefit to wait as long as they can, hopefully to age 70. Why is that? First of all, while you\u2019re both living, you\u2019ll enjoy that higher benefit, and when one of you passes (let\u2019s say the higher wage earner passes), then the spouse will get the survivor benefit which is equal to the same as the spouse that passed away\u201d

27:52 \u201cIf you do the appropriate planning, if you understand how this works, you could save significant dollars on your taxes\u201d

34:03 \u201cWhat is not included in provisional income is your Roth IRA distributions\u201d

35:49 \u201cTaxes don\u2019t stop when your paycheck does\u2026as you near retirement, tax planning becomes more important than ever\u201d