Blue Money
Blue Money
Jim Donnelly & Kevin McGarry
Episode 12 - Answering Questions about Social Security
13 minutes Posted Sep 22, 2022 at 3:42 pm.
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Show notes
In this episode of Blue Money, Kevin and Jim are discussing all things involved in the social security benefits of being a police officer. They start off by explaining how officers qualify and what “credits” means, in regards to social security. Then they jump into answering the most common questions they hear from their clients. Do you know what “full retirement age” means and the nuances of the term? Listen to this episode for clarity.
Kevin & Jim want to help you maximize your social security benefits, not just for yourself, but for your spouse as well. They break down the math on why it makes sense to delay taking your social security. When they give you the numbers, it’s easy to see why their strategy makes sense.
The guys are trying to demystify the tax implications of social security. They also bring up the issue that not all officers pay into social security, depending on where they work. Kevin & Jim round out the conversation by talking about Medicare benefits, and leave us with three important takeaways.
To contact Lt. Jim Donnelly: [email protected]
To contact Kevin McGarry: [email protected]
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