Guest Vonda VanTil on The Everything Financial Radio Show gives pertinent information on filing for benefits, how benefits can be taxed.
Grand Rapids, MI -- (SBWIRE) -- 02/09/2011 -- Dennis Tubbergen has been in the financial industry for over 25 years and is CEO of USA Wealth Management LLC, a federally-registered investment advisory company and is CEO of USA Advanced Planning, a tax planning and wealth transfer company.
Tubbergen is also entering his fifth year as a radio talk show host. His qualifications for hosting The Everything Financial Radio Show are impressive as is his guest list.
One of Tubbergen’s recent radio guests was Vonda VanTil, the public affairs specialist for the Social Security Administration (SSA) in Grand Rapids, Michigan. VanTil, who is a graduate of Aquinas College in Michigan, has been with the SSA for 20 years.
When asked by Tubbergen the current state of the SSA, VanTil replied, “The Social Security Administration is paying out more in benefits than it is taking in.”
VanTil went on to explain that high unemployment rates and longer life expectancy are just two elements causing the current strain on the social security system, and, if nothing is done, by the year 2037 the SSA will only be able to meet 78% of its obligations.
“There is a need to make changes to remain solvent,” admits VanTil. “We’d like the changes to be gradual so they don’t impact any one generation too much. We don’t want to see benefit cuts or an enormous burden on anyone. But I have no doubt it (Social Security benefits) will be there for all of us.”
Tubbergen asked VanTil to explain the mechanics of filing for Social Security benefits, noting that many people are confused about when to apply and how they are taxed once they file with the SSA.
“The earliest you can file is three months in advance of turning 62 years of age,” explained VanTil. She added there are a few different ways to file, including calling the SSA at 1-800-772-1213 or going online to http://www.socialsecurity.gov.
To hear the rest of Tubbergen’s interview with Ms. VanTil, go to http://www.everythingfinancialradio.com and listen to the podcast. Tune in weekly for Tubbergen’s in-depth analysis of the economy, as well as interviews with experts in the fields of finance, economics and politics.
Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in the USA Wealth Management building in downtown Grand Rapids, Michigan. Tubbergen is CEO of USA Wealth Management, LLC and has an online blog that can be viewed at http://www.dennistubbergen.com. The latest edition of his monthly newsletter can be viewed at http://www.moving-markets.com His weekly talk show The Everything Financial Radio Show is simulcast on two Michigan metro stations and also airs to over 600,000 financial advisors, with recent podcasts available at http://www.everythingfinancialradio.com.
The opinions expressed in the radio talk shows and herein are those of the Mr. Tubbergen and his guest speakers, not necessarily those of USA Wealth Management, LLC. The radio talk shows and herein may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Investing in securities involves a risk of principal loss. Prior to making any investment decision, investors should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.