Ep 93: Rules Gone Awry, Part 2 - Take Social Security Early

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

There's an old school of thought that says you should take social security as early as you can so that you can get the most out of it. But this is another one of those retirement rules gone awry that we enjoy picking apart on the podcast. Kevin will tell us why this retirement "rule" needs to be scraped and give us the proper lens through which to view the social security problem.

This is the second of a five-part series we're revisiting on Retirement Rules Gone Awry.

What we discuss in this episode:

1:52 - Background on this Social Security rule

4:05 - The common approaches people take to SS

5:27 - 'I won't live long enough.'

6:59 - 'I don't want to wait to spend money.'

9:21 - Worry about SS funding issues

14:29 - Different ways you can take SS

Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/