Social Security Claiming Strategies...Super Important or Extraordinarily Overblown?

This one #SocialSecurity mistake is costing the average household to miss out on $111,000.00! Only 4% of retirees claim Social Security at the most "financially optimal time." That means the remaining 96% are missing out on $3.4 trillion dollars, which averages out to just over $100,000.00 for most families!

Yes, you can claim Social Security benefits starting at age 62, but that doesn't mean you should. As @darryl at Real Retirement Advice explains to @erinkennedy, your benefits grow each year, by 8% the longer you wait to tap into it. But to figure out when you should claim, you need to take many factors into account including life expectancy, your family health history, and exactly what you'll need to live on in #retirement. And you need to know how your income streams will be #taxed.

In this part of a long conversation #Darryl and #Erin had about social security mistakes, Darryl explains that there are other factors. That there are comfort decisions and there are analytical decisions. You may be surprised which one is better!

If you'd like to speak with Darryl to figure out when you should claim Social Security, reach out for a free consultation at www.RoseAdvisoryGroup.com or call (312) 617-8936

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Darryl’s Book:

The Race of Your Life - How to Reach Retirement Secure Enough to Spoil Your Grandkids (if you like them), or Buy a Wide-Screen TV if You Don’t!

https://www.amazon.com/Race-Your-Life-Retirement-Grandkids/dp/1690777877/ref=sr_1_1?crid=3TJNZNH6YELN5&keywords=The+race+of+your+life+darryl&qid=1637343220&qsid=145-5957046-2362818&sprefix=Hoka%2Caps%2C402&sr=8-1&sres=1690777877%2C0692883088%2CB0761P2TGV%2C1620971933%2C1509526404%2C0578488485%2CB015G742CI%2C0817356711%2C031230241X%2C1588383423%2C1973563754%2CB07H41H86Y%2CB07NPNVN5Q%2CB07DSYQ6DG%2CB00CMTZESA%2CB07PNZ39LT&srpt=ABIS_BOOK

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00:00 Intro
00:59 Erin and Darryl discuss claiming strategies
02:09 Darryl shares Social Security report
05:21 One of the most important reasons to delay
06:32 Darryl talks about his difficulty getting a tan
07:26 One of the most important quotes Darryl has read in any finance book
07:50 Action steps

SocialSecurityClaiming