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Social Security changes are now in effect. In episode 27 of the YMYW podcast, Joe Anderson, CFP\xae and Big Al Clopine, CPA explain the best ways to maximize your benefit despite two major claiming strategies now eliminated. Listeners are also faced with the realities of retirement, as Joe and Al debunk common retirement and Social Security myths. Original publish date May 7, 2016 (hour 1). Note that content may be outdated as rules and regulations have changed.\xa0

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00:00 - Intro

06:07 - \u201cThe (2016) retirement confidence survey (by Employee Benefits Research Institute) reports that almost half- 47% of workers surveyed \u2013 think they\u2019ll need to save at least $500,000 for a comfortable retirement\u201d

11:24 - \u201cAt certain income levels, your Social Security income is tax-free\u201d

15:44 - \u201cEven if you\u2019re currently retired, you have to look at what tax consequences are on the income you are producing\u201d

16:55 - \u201cThat\u2019s what Social Security is giving you, it\u2019s a delayed retirement credit of 8% per year, each year that you delay\u201d

22:48 - \u201cWe\u2019re living longer so it makes sense to push the retirement age out; that\u2019s just pure logic\u201d

27:34 - \u201cWe\u2019re going to talk about dealing with fear and uncertainty in retirement and here are six ways to deal with it\u201d