Smarter Social Security With Dan Mazzola, CFA, CPA - Don‘t Leave Money On The Table (especially Americans abroad)

December 2, 2021 - Participants Include:

 

Daniel Mazzola, CFA, CPA  - American Portfolios

John Richardson - @Expatriationlaw

___________________________________________________

The retirement planning opportunities offered by entitlement to US Social Security are enormous. US Social Security payments are comparatively larger than equivalent plans in many other countries (including Canada Pension Plan).

Furthermore, U.S. Social Security offers benefits to:

1. The spouse of the individual entitled to Social Security

2. The survivors of the individual entitled to Social Security

3. The former spouse(s) (if married ten or more years) of the individual entitled to Social Security

Furthermore, for the most part citizenship is irrelevant to Social Security entitlement.

This is my third podcast discussing US Social Security.

The first podcast with Virginia La Torre Jeker focussed on the continuing entitlement to Social Security after renunciation.

The second podcast with L.J. Eiben of Raymond James focussed on Social Security for Americans abroad generally (in Canada particularly).

This third podcast with Financial Consultant and planner Dan Mazzola focuses on how US Social Security benefits work on a more granular level and what I would call "derivative benefits" (entitlement to benefits based on your relationship to somebody else entitled to benefits. In addition, Dan explains why (regardless of what an actuary says) it is to your benefit to wait as long as possible (not later than age 70) before collecting Social Security. A very high percentage of people rely on Social Security for a significant portion of their retirement income.

As Dan says on his site, it's important to consider the:

 

• Integration of Social Security with retirement assets to generate predictable income stream that will span your lifetime.