Ep 15: What Age Should You Claim Social Security?

Our four-part series on Social Security misunderstandings continues with a discussion on the age you should target for claiming your benefits. Some people will tell you that claiming benefits as early as possible is your best option while others will insist on waiting as long as possible. So which is it? Let’s discuss the factors that go into the decision.

 

Show Notes and Additional Resources: https://www.baschrock-fg.com/podcast/ep-15-what-age-should-you-claim-social-security/ 

 

On This Episode: 

2:23 – The first misunderstanding is starting your Social Security as early as possible is your best option.

4:04 – Others say waiting as long as possible to take the money is your best bet.

5:29 – What does the process look like at B.A. Schrock when you work with a client on this topic?

6:43 – If you decide to go back to work after claiming, how does that factor into your benefits?

8:00 – We offer an in-depth Social Security analysis for clients at no cost.

11:16 – Mailbag Question: I’m selling one of my rental properties in a month or two. What’s the best thing to do with the money from that sale?        

13:08 – Mailbag Question: Are there really no tax implications for rolling over my 401k?