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Go Ye And Make Social Security Disciples

Finishing Well / Hans Scheil
The Truth Network Radio
April 27, 2019 8:30 am

Go Ye And Make Social Security Disciples

Finishing Well / Hans Scheil

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April 27, 2019 8:30 am

In Matthew 28, Jesus talks about The Great Commission. Robby mentions to Hans that salesman love a great commission, but the actual great commission is not money, it  is making disciples. Disciples are enthusiastic learners, and then become enthusiastic sharers because they are so excited about the teachings. To really make good Social Security decisions, you have to be an enthusiastic learner as well. It is like homework; it does not seem fun, but you are going to be thankful that you did it.

Hans and Robby talk this week about how a Social Security benefit is really a beautiful gift for people. The problem is, many people are so angered about where the program is going, that they do not trust what they are learning, and cannot make informed decisions, and end up making ones that affect them negatively in the long run.

Robby talks about how he sees it. He would have never saved this money on his own. He would have never created a lifetime income for him and his wife on his own. God was looking out for him, and Social Security is a blessing.

But when should you start Social security? The first step to making this choice is to go get your Social Security statement at SSA.gov. You can start your benefit as early as 62 and as late as 70. But the magic date is really dependent on many individual factors, such as if you are working, if you are married, if you are divorced, or if you are sick. Hans and Robby discuss all these situations.

Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free!

You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com.

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You're listening to the Truth Network and TruthNetwork.com. Welcome to finishing well brought to you by Cardinal guy.com certified financial planner belonged to child best-selling author and financial plan of helping families finish well for over 40 years on finishing well will examine both biblical and practical knowledge to assist families in finishing well, including discussions on managing Medicare IRA long-term care life insurance and investments and taxes. Now let's get started. Finishing well. How fun. Today on finishing well, a certified financial planner Hongqiao my dear friend today show little bit of an unusual title, but I like it that way, go ye therefore and make Social Security disciples well where you might guess we can talk about Social Security but in one of my favorite words actually in the Bible is the word disciple when I came to understand that you know which Matthew was last verse there will in Matthew 28 is Jesus is telling us what were to do what we call the great commission which all salesman Hans love the great commission. It's good, but his actual great commission which dump does come with a really a marvelous commission is go make disciples of all nations, baptizing them in the name of the father the son and the Holy Spirit, be with you, even to the end of the age. That's one of my favorite parts of verse, but that word disciple. If you look in the Greek comes from the idea of an enthusiastic and cost meaning, spirit filled learner somebody who is learning and the beauty of discipleship is like wow you're digging in the Bible in order to learn about God is like falling in love with some you want to know all about him and in and as you learn more about them. You can't help but share that stuff. Sure, and so you might think well Robbie what in the world is that to do so security well if you talk to Hans very long you're going to find every quickly if I ever met a social districts Social Security disciple. He has a bath and an enthusiastic learner of Social Security. You know all his life, which, which is led to some beautiful understandings but you can have beautiful understandings if you don't start off on the right foot right will yeah and we really and is there. There's so much negative press out there about the government about government programs. Some of it very well deserved. Some of the factual much of it nonfactual. It's just made up staff for their urban legends and EE just it feels to me like people coming into this age where were getting ready for retirement.

A lot of them are really so influenced by the negative press and negative discussions that it really inhibits them from learning about all the positive stuff about Social Security. This is something to celebrate.

You you've got a check coming to you guaranteed by your government, and then if you die and your spouse had a smaller earnings record.

Your spouses can earn that same check for the rest of his or her life. This is a beautiful thing and what I'd really like to see people doing and I think it's necessary for learning is to see the beauty family neither.

I picture myself now as I reached the third grade I decided that school was not fun and I had ceased to be a disciple because I was in a very enthusiastic learner. When I was a given. These homework assignments, and whatever this seemed like more like a chore.

There was not a lot of spirit filled excitement about learning the subject matter at hand at and you had that experience with the with the insurance agent in Florida. Yeah, he is an insurance manager and I was telling Robbie the story along the lines that it is is hard to understand anything or is subject if you're angry okay are you mistrusted yet. Are you mistrusted it just in so I was telling him the story is is that back when I became. I was a branch manager for big insurance company and I was very successful at this and then they promoted me and now I was the manager of all my peers so I was going into town to see this gentleman who did not always act like a gentleman, but he he was angry a lot of the time just wasn't people would dismiss and because of this, and I was going into town to his office. Spent the day with him and really want to help and so the topic of the day was our new, one-year-old P in our profit and loss statement where we needed to do.

We now need to be fiscally responsible for our whole branch and all the agents that work for us and if we spent too much money and we didn't bring in enough money was going to cost us money, so no more free lunch on the company. He was very threatened by this and really trusted and he was just mad about and so he brings it up early in the course and then he with great pride and we took a break. He shows me these locked closets that he has out in his office and he's the only one that had the key and he literally distributed brochures to his agent. So if you wanted five long-term care insurance brochures you had to come to him if you were an agent there and you needed to get a hold of him he needed to come out there open them up, out and into the and I just sigh.

Listen to this and so we went back in his office. I said I want you to take a P&L, and I want you to show me what your annual expenses and monthly expense for brochures and eat EE just wouldn't he finally had to cooperate. He found out it was relative to the whole thing was a small expense but it was the only thing that he understood and he just said these agents are costing me money taken is brochures and they're all in a whole box of mod here, so I'm going to go do this, lock him up in. You know, just think in my minuses. This is ridiculous because we didn't send you this P&L to be managed in the brochures. Although if you want to do that, that's fine. This is a much bigger picture to it and then he was just I don't understand this. I don't out of the and I had read all his background as I had done on all the managers with his new job at hand and this guy is an and an MBA work for LaSalle Bank in Chicago in his 20s and earned an MBA while working full time and that you and I can tell me can understand P&L and that's where I really came to the conclusion I told him since it is very hard to learn when you don't trust the material in your just angry about so we can deal with that first and what I'm going to do and I didn't say these words to them and then, but I would say it to them now, knowing what I know is I'm I'm been a get you to see the beauty in the P&L and in what that translates to today is I I just see so many people coming to us and they have these things like the governments going broke on Social Security. It's not gonna be there for me is run out of money.

Take it now get it while I can work.

Given it away to people to didn't earn it or I could have invested this money and I could've done better, all of which have some elements of truth. People are focused on that and in my thinking you're focused on the wrong thing and you stay focused on it. Well I'm wanting to teach you about Social Security and I really want to teach you and enable you and have you enable me to have you make good decisions that are right for you right and if we just take your friend back in Florida and we go up to 10,000 feet and he was looking at this P&L as a way that he was being manipulated or the way that he was being controlled and essentially he didn't trust the heart of the king. Now this might remind you of the parable of the Bible that was like when the talents were handed out and the guys that went invested in him and went in. The rest was because they trusted the heart of the king, because why because they knew that underneath it. God is really working for your good and he is recently I mean, the more I've been a discipleship of social study miming Social Security as I am looking at this now my statement on my co-man in a God is gonna really this thing. I would never have saved this money like this, I would never have graded an annuity. I didn't even know what an annuity was I would have never done this, and yet here you know. Based on this if I wait till I'm 70 I'm to be getting 3500 for the rest of my live hundred a month and then my wife after I die.

Are you kidding me how much would that cost me hundreds I want to buy such an annuity agreement would be $79,000 right and how much of I put in it.

According to this statement here my entire life. All my hard work. All I've invested in Social Security to this point my life at 60 $336,924 and my employers are putting thank you Steve and hundred 42,000 that that's gone in my entire life this like close to $3000 at age 63 and yet all my goodness, will, and if you die before your wife does is younger than you and she lives much longer.

She's going to get that larger check for the rest of her life so this is this is a beautiful thing and if I go back to my guy in Florida heat what what I was able to accomplish with others pointed this out and then I showed them what I was doing with that P&L of the new P&L and how I studied it, and I figured out a way to make it work for me and I shared it with him to work together in his business, his income doubled in two years he became a disciple again and again and this guy was all about. Monica was uncanny was an enthusiastic learner. At this point in time, which is you know that's a it's a beautiful picture. Well, if you're listed today like this chapter in the book which is on Social Security is one of the seven worries tablet cargo guide.com which you can always download for free. The entire chapter and you can become a Social Security to Skype. Learn more about this stuff by study and there that free download is under the seven worries tablet cargo guide.com or course you can just email Hans and asked for the whole book and send it to you. It's there on Amazon as well and Kindle for like a dollar 99. So this is not expensive to become a Social Security decide that is not an oh my goodness what it what it and I'm sitting there looking at the different options that I have is I coming to those eight will be talk about the next segment and so others and there's some major payoffs to becoming a Social Security disciple, but I don't want you to miss the spiritual picture right that if you trust the heart of God and you go into study and fall in love with him.

You know you want, you can't help but share that with other people is the beauty of discipleship is the more he teaches you you you just can't help but share that so disciple make disciples and there's things we come back in a few minutes will have more becoming a Social Security disciple millionaire for Hans and I would love to take our show on the road to your church, Sunday school, Christian or civic group. Here's a chance for you to advance the kingdom through financial resources and leveraging Hans expertise and qualified charitable contributions veterans aid and attendance IRA Social Security care and long-term care. Just go to cargo guide.com in contact to schedule a live recording of finishing well at your church Christian or civic group contact contact Cardinal guide.com that's Cardinal guide.com welcome back to finishing well in today's show, with certified financial plan to plant certified financial planner and fiduciary. I should say my good friend Hans Schild today show is right, go ye therefore, and become itself.

The security disciple and and and you know now that we talked about what a disciple is that's learn the good stuff. What tells put some meat on this phone okay well for starters were rubbing. I did this morning is we produced our Social Security statement and you can do this online@ssa.gov open my Social Security account and you can get your earning statement.

He just printed is off this morning as well as me and you could need to get a hold of one of these either before you come to see me or once you do come in will help you with this if if that's what you want to do it also tells you in both of my books.

The workbook and the original book you can you can tell you how to get one of these things now what what Brown do a Social Security is a simply want to go through in go through some of the basic points and you can start your Social Security as early as 62 for most people. I you can started as late as seven say why would I want to wait till 70 well I think in having read your statement and will be to get pretty simple and like mine shows that I get 2939 a month if I wait till full retirement age, which is 66 and eight months for me if I started at 62, which won't be that far from me will be 2094 month if I waited till 70 to be 3722 a month so those numbers are pretty easy to grasp is you got them right off the page but there's a whole lot more to the story.

First of all you don't want to started at 62, unless you're really retired because if you take it and then you still earn money from a job, and it's more than $17,000 a year.

You can end up given back some of this lesson. Check the smaller check so you really don't want to take Social Security early unless you are going to just work part time or have something for you not to make very much money if you can make anything of any significance, you're gonna want to just leave the Social Security alone and let it accumulate now full retirement age is different for people along in their 50s and 60s, and I want to get into my book but you know I said I'm 60 right now in my full retirement age is 66 and eight months. Robbie is 63 right now in your full retirement age is 66 and two months.

Okay, so it's a phased-in thing.

People that are younger than me. It's gonna be 67, but that's the age where you get that amount that's on the front of the statement. So for me that was almost 3000 month and I can go ahead and take it at full retirement age, and still works at once you reach that full retirement age, date, after that you can take your Social Security check and still make an income okay and some folks want to do that guy and entered the tax implications.

This tax implications yeah because you cannot, you're going really get taxed on it because you get your other income but so that would be a an option and then any month in between 62 and 70 is not like I'm giving these fixed ages and you have to choose one like say I didn't take it at 66 and eight months. But I want to take it at 67. It'll just be a little bit bigger amount. It just keeps getting bigger every month that I wait until I reach in full age 70 when you're 70, you finally you got taken go up Natalie.

I found out something about the end of your life as you know, they paid my dad Social Security in about a week after he died, and I thought that the funeral home. It's impotent and it would've stopped so I was like a what my gonna do this at and as it turns out they make your they pay Social Security in arrears so my dad's April payment was for his March Social Security income. Okay, so I didn't have to pay back what he got paid March, but I did have to pay you have to live to the end of the month right so just remember this if you have a choice of your death and make it to the 31st.

But if you wait a bit.

But if you don't, you have to live clear the end of the month to be eligible for that months Social Security so yes I'll have to return what he got in April that I won't have to return what he got. March because he lived until he through okay whole month of February so I just learned that our all disciples here. And yeah, that's great.

And so you know what what I want to tell everybody if you like what you're hearing in your intrigued his personal. You don't need to master the stuff to the point where you're a full-fledged disciple for Social Security. I mean you you really can consult an expert somebody like me or me or you can read my books and you can there's a lot of factors more than just when you want to take it.

But what I want to point out that the book is real helpful to a lot of people and you can get this book affect you can download the chapters for free@cardinalguide.com so you can go to that website Col. guy.com you go on the seven worries tab in one of the worries is Social Security. Click on it and then you go down a little bit and you can get a copy of the Social Security chapter of the original book and the workbook. No charge. You also can download from Amazon right through our website Col. guy.com and then you could write me a message and just say look on site listen to you.

I'd like your book, send me a message on the website will certainly send it out to you or you can just give us a call and we have offices in Charlotte. We have one out by the Greensboro airport and our main offices in Durham and we begin we be more and happy to help you with this stuff. So it really everybody's decision is different there spousal benefits that affect this guy have your spouse has a full earnings history and it's a you know you been a couple that of both work full time with a longer earnings history than spouses in a file in their benefits.

You're in a file in your benefit, but if your spouse has significantly fewer years and still less earnings and you have higher earnings or vice versa. You may want to file in your spouse's so you know those are the kind of things that we can advise you on it. Also, when would whoever has a larger check when they pass away. The person on the smaller check goes on the larger check so that that that the larger the two checks in a married couple is, go on for life in the smaller of the two checks is going to go away when the first one passes away. There's a lot more to Social Security that were not can it really be able to mix into the show. There's just a lot more to the equation, but not too terribly much just in terms of making a decision, so I want to go back to our point that we made in the beginning of the show. I just find people so full of things they've heard things people have told people that have a strategy that they know from worker with their brother did, and maybe it's just one angle of the problem and then that person was affected by their their kind of bummed out about the system as well and they I just find people so full of that and really many times lacking in just seeing the beauty and Social Security. It is what it is is the primary source of income for a lot of retired fat people. In fact most retired people and it's the basis that were going to use your monthly check and then if you have other resources that you save a retirement account and IRA just general savings in property you own other resources or your spouse does working to create additional income out of that and even says it's right on the cover letter, which I think is kind and I it says so security benefits are not intended to be your only source of income when you retire, on average, so security workplace. About 40% of your annual pre-retirement earnings.

You will need other savings, investments, pensions, or retirement accounts live comfortably when your entire, so this was never intended to be the whole thing, but it was intended to be significant and it is significant and it's very important that you make the right decisions for you and for some people it could be taken early on, I don't talk badly if you needed for other people that could be taken it right at full retirement age, and for other folks it's waiting till your 68 or 70 years old to enjoy the larger check, and if you have resources. Even if you're retired and you have other resources with some of our clients.

It makes sense to postpone the Social Security or delay it and live off of other resources right because part of the equation is to is the taxes of what you would pay on the so security income. If your continued work in a between 66 and two months and seven here at the other thing on make sure that I think is in it were wonderful fact is that even if you're divorced, how to tell that that bit because I think that's critical for a lot of ladies that husbands know made sure or maybe husbands made choices you might have that vice versa. So, if your spouse was the high earner and you were married for 10 years or more and you're not remarried before 60 you can file as a spouse on their record even if they got a new spouse that you could have two spouses I think of a guiding and heat his wife could be collecting but you would still get half of his full retirement benefit if you were married over 10 years in that period, not remarried before you.

60 and that none of this comes from him comes out of the Social Security system is a spousal benefit so we can advise you on those that know that's one of the beautifully and I think about the beauty of some things that are implanted in so security somebody thought that's a really kind, thoughtful thing. That's right there. They will and I assure you guys now then you will get his full check. Even if you divorced them 25 years ago.

And if he's remarried and then the new spouse.

She also get his full check both of you will enjoy his full check as long as either one of both of your life and you know who wrote that in MMA that's obviously in a God put that on the heart of some senator or congressman that that made a beautiful law sure is some of this is just to protect the whole system and the integrity of the system as a whole is in the United States of America.

We want people to have a minimum level of income. We don't want impoverished people living in our system know some people would argue that the Social Security check is poverty if that's all you got, but it least if you know it's something and it's a gamble you have my feet completely well where the time. I hate that because that a lot more discipleship that could go on but we thank you Philistine the finishing well again with certified financial planner Hongqiao it's all brought you by Cardinal guy.com that's Cardinal guy.

Don't forget the guide after the Cardinal is a bird and then guide.com and then don't forget it. Maybe you missed the beginning of this and if you wanted to hear more information just go listen to the podcast.

Just tell your smart phone Siri. I want to listen to the finishing well podcast or go home and say Alexa I want to listen to the finishing well practice. It's that easy. And of course those things or you can listen episode after episode lots information there.

If it if you want to see what God may have for you in these years. Of course we don't ever want to take away from real discipleship of of of becoming thousands of them.

So thank you Hans. How fun was it. Thank you is awesome. We hope you enjoyed finishing well brought you by Cardinal guy.com visit Cardinal.

I.com for free downloads of the show previous shows on topics such as Social Security, Medicare and IRAs, long-term care, life insurance, investments and taxes as well as constant best-selling book, the complete Cardinal guy to planning for and living in retirement and the workbook once again for dozens of free resources past shows get Hans book go to Cardinal do I.com if you have a question, comment or suggestion for future shows. Click on the finishing well radio show on the website and send us a word. Once again that's Cardinal guy.com Cardinal guy.com


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