BIRDSEYE FINANCIAL SERVICES (360) 722-7889
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      • Social Security Webinar
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      • Medicare Questionnaire
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    • Slides - Intro Step >
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      • Slides - ALL
  • Contact
    • Free Consultation
    • Schedule Appointment
    • Online Meeting
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    • Retirement Analysis (initial)
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    • Beneficiary Form
    • Rate our Service
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Social Security
When do you turn on benefits?
The question of when to collect is very difficult. In fact, each year many people forgo spousal benefits or take their benefits either too early or too late. This mistake leaves them missing out on many thousands of dollars.

To help you make the best retirement and/or spousal benefit claiming decisions, we use a custom benefits calculation software to provide you with a report based on your individual circumstances.
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Download Book
SS Webinar
REQUEST A SOCIAL SECURITY ANALYSIS
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Sample Report
When you schedule your strategy session with us we will gather the information needed to produce your report. Then we will go over it the details for you will know how to maximize your situation.
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Delayed Social Security Benefits BREAK-EVEN
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Delayed Social Security Benefits INCREASE
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Spouse Benefits taken early
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Surviving Spouse Benefits taken early
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How is Social Security Provisional Income Taxed? 
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Social Security Resources
  • Personalized Questionnaire  (FREE PERSONALIZED REPORT)
  • ​Social Security SAMPLE Report 
  • Starting Your Retirement Benefits Early
  • Social Security (COLA)
  • Social Security Benefits (Apply Online)
  • Windfall Elimination Provision (WEP)
Questions and Answers
How Much Can I Earn with Social Security (More)
  • If you are under full retirement age for the entire year, they  deduct $1 from your benefit payments for every $2 you earn above the annual limit. For 2023, that limit is $21,240.
  • ​In the year you reach full retirement age, they deduct $1 in benefits for every $3 you earn above a different limit. In 20231, this limit on your earnings is $56,520. They only count your earnings up to the month before you reach your full retirement age, not your earnings for the entire year.
When you reach full retirement age: 

  • Beginning with the month you reach full retirement age, your earnings no longer reduce your benefits, no matter how much you earn.
  • We will recalculate your benefit amount to give you credit for the months we reduced or withheld benefits due to your excess earnings.
Delayed Retirement Credits (More Info)
Social Security retirement benefits are increased by a certain percentage for each month you delay starting your benefits beyond full retirement age. The benefit increase stops when you reach age 70.
7 Things You Must Know About Claiming Social Security
Social Security is a great program, but knowing when and how to claim your benefits can determine how much you collect.Here are seven potential problems you need to consider so you can maximize your Social Security income.

1) Remarrying Before Age 60 - If your spouse dies, you will be entitled, in most situations, to collect survivor Social Security benefits unless you remarry before the age of 60. After that, all social security benefits from your previous marriage will not be paid out. It’s up to you to decide if this financial loss is worth it. Some people forgo legal marriage until after age 60.

2) Claiming Your Benefits Too Early - Claiming spousal benefits before the designated retirement age of 65-67 can reduce the amount of Social Security money you collect – indefinitely. This can vary based on many factors, so it’s important to talk to a financial professional.

3) Earning Additional Income - If you take another job or start an income-producing business while simultaneously collecting Social Security benefits, you may be taxed on those benefits. It depends on how much you make from extra income. Know the tax consequences before taking on another source of income. You can find out rates and details by contacting the Social Security Administration, IRS, or working with a qualified financial counselor. 

4) Applying at the Wrong Time - It would help if you pinpointed when you apply for Social Security and depend on your circumstances. In 2014, the SSA began sending workers statements to help them plan retirement. Read these statements carefully. Go over them with your financial counselor or an advisor at the Social Administration local office. Here is a link to help you find the closest local office near you: https://secure.ssa.gov/ICON/main.jsp  A side note: You can get Medicare before selecting Social Security retirement options.

5) Experiencing Government Cuts - Even though President Trump has promised to keep Social Security benefits, that could change. Political directions can change with the multitude of influencers in government and business. Nothing is guaranteed. Keep your eye out for any policy changes. 

6) Funding Running Out - NBC claims Social Security could run out by 2034, but this is mostly speculative, and there is much disagreement.  Numerous options exist to extend the benefit periods well into the next century, taxes could be raised to fund it further, or benefits could be reduced. However, issues with Social Security should get better with younger, lower-population generations. Baby Boomers entering retirement in record numbers have strained the system. 

​7) Start Saving - Do not rely on Social Security as your primary retirement vehicle. Instead, save enough to provide for retirement. You can do this through an IRA, 401(k), Bank CDs, bonds, annuities, simple savings account, or a combination. 
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Resource Page
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Vendor Bookings
Ring Central
Birdseye Financial Inc
136 Hillside Dr E
Burleson, TX 76028
Main # 360-722-7889
Texas # 817-704-3544
Fax #425-412-6865
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INFO@BIRDSEYEFINANCIAL.COM
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The content of the Birdseye Financial website, email, fax, social media, text messages, online meetings, and phone calls are for educational purposes only. Any material and its attachments, links, downloads, and/or any emails from Birdseye Financial employees/contractors are not intended to provide legal or tax advice. To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal or state tax advice contained in communication (via Website, Email, Fax, Text, Social Media, in person, or by phone) is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. Please seek the advice of appropriately licensed individuals for legal or tax advice relating to your individual situation. Birdseye Financial and its employees/contractors are not tax, legal, or investment advisors and are not operating in such a manner. Any advice you receive should be taken as non-tax, not legal, and non-investment advice and only educational in nature. Should our clients need a licensed investment advisor, we recommend LifePro Asset Management. Please know investments in the market carry an inherent element of risk. No investment in the market or strategy can guarantee a profit or prevent a loss. Any illustrations used in the sales or service process are to be considered hypothetical and for explanatory purposes only. 

MEDICARE MANDATORY DISCLAIMER
“We do not offer every plan available in your area. Currently in WA State we represent seven organizations which offer 34 products in Snohomish County and 33 products in King County and 19 products in Whatcom County. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all your options.” All calls regarding Medicare may be recorded by phone or online and a SCOPE of appointment required by Medicare will be obtained 48 hours prior to any sales meeting to discuss plan details. (NOTE - The organizations and plans can vary by state and county, we can validate these numbers upon request.)

Birdseye Financial and its employees/contractors are not employees/contractors of Medicare, the government, insurance company or any other agency. We are independent licensed agents. All calculators and illustrations shown or sent from our website, email or any other means are designed to be informational and educational only. They do not constitute investment advice. We encourage you to review your insurance and investment strategies periodically as your financial circumstances may change. On many products it is important to note that PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS OR INTENDED TO PREDICT ACTUAL PERFORMANCE. ACTUAL INTEREST CREDITING RESTULTS WILL VARY BASED ON MARKET CONDITIONS, INDEX ALLOCATIONS, AND INTEREST CAPS, RATES, SPREADS, PARTICIPATION RATES and possible Fees. The use of different time periods and funding amounts can cause results to differ from other products. Illustrations may be based on hypothetical historical data. 
 
State Licenses
LICENSES: AZ #7101306, CA #4140429, FL #W825259, GA #3621424, ID #863617, KS #7101306, MA #2176921, NV#3879853, NC #7101306, OK #3001663224, OR #7101306, TX #2695866, WA #190780. Note that in California, our DBA is Birdseye Financial and Insurance Services.


S&P 500 and S&P are registered trademarks of Standard and Poor's Financial Services LLC. No annuity or financial product discussed herein is sponsored, endorsed, sold, or promoted by Standard and Poor's Financial Services LLC, S&P Dow Jones Indices LLC, or their affiliates, and none of the Stand and Poor's Financial Services LLC, S&P Dow Jones Indices LLC, or their affiliates make any representation regarding the advisability of purchasing an insurance or financial product. This applies to all indexes used.
  • Home
  • About
    • Welcome to Birdseye
    • Who We Are
    • Risk & Portfolio Assessment
    • Request Free Consultation
  • Strategies
    • Key Components
    • Inflation Impact
    • Rule of 100
    • Sequence of Returns
    • Volatility Buffer >
      • Volatility Buffer Webinar
    • Tax Strategies >
      • Tax Free Income
      • RMD Calculator
      • IRA RMD RULES
      • ROTH IRA
      • ROTH Conversion
      • Tax Declassified Webinar
      • Qualified Charitable Donation
      • Business Tax Credit
    • Educational Webinars >
      • Taxes Declassified
      • Top 10 IRA Mistakes
      • Taxes in Retirement
      • 3 Economic Strategies
      • Five Key Areas of Retirement
    • Educational Videos
    • Documentaries
    • Recommendations
  • Planning
    • Retirement Analysis
    • Social Security >
      • Social Security Webinar
    • Pension Maximization
    • Risk Analysis and Investments
    • LifePro Asset Management
    • Federal Benefits >
      • Federal Benefit Kit
    • WA Retirement Systems
    • Business Tax Credit >
      • Research & Development Tax Credit
      • Employee Retention Tax Credit
      • Resources
  • Insurance
    • Annuities
    • Medicare >
      • Medicare Questionnaire
      • Medicare Clients
      • Medicare Networks
      • Medicare Rules
      • PEBB Benefits
    • Long-Term Care
    • Life Insurance >
      • Multi-Generational
      • Premium Financed
      • Final Expense
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
  • Tools
    • Financial News Blog
    • Market Index Links
    • Market Simulations
    • Required Minimum Dist (RMD Calculator)
    • Calculators
    • Professional Referrals
    • Bankrate Interest Rates
    • Rate of Return Calculations
    • Zillow Home Value
    • Slides - Intro Step >
      • Slides - Hegna
      • Slides - Strategy
      • Slides - Taxes
      • Slides - Invest
      • Slides - Buffer
      • Slides - FIA
      • Slides - Income
      • Slides - Pension
      • Slides - ALL
  • Contact
    • Free Consultation
    • Schedule Appointment
    • Online Meeting
    • Secure Upload
    • Retirement Analysis (initial)
    • Retirement Software Client Portal
    • Application
    • Beneficiary Form
    • Rate our Service
    • Refer a Friend