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In this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, discusses everything you need to know about Social Security with a focus on early retirement. The episode covers the basics of Social Security, including how it is calculated and taxed, as well as strategic considerations for maximizing your benefits. Key points include the impact of early retirement on Social Security, the tax implications, planning opportunities for self-employed individuals, and factors to consider when deciding when to start receiving benefits. Listeners also get practical advice on how to manage their finances to optimize Social Security payouts, and a sneak peek into next week's topic on distribution strategies for an early retirement. Don't forget to leave a five-star review and share the podcast for more financial insights.00:00 Welcome to The Retire Early Retire Now Podcast00:27 Introduction to Social Security for Early Retirement00:51 Understanding Social Security Basics01:06 Maximizing Your Social Security Benefits01:39 Listener Reviews and Podcast Growth02:34 How Social Security is Calculated04:35 Paying into Social Security: Taxes Explained06:54 Self-Employment and Social Security Contributions10:38 Calculating Your Social Security Benefit13:06 When to Take Social Security: Key Considerations19:06 Conclusion and Next Week's Topic
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