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Ep 93: Rules Gone Awry, Part 2 - Take Social Security Early
Manage episode 322963339 series 2401634
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/
170 episod
Ep 93: Rules Gone Awry, Part 2 - Take Social Security Early
Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®
Manage episode 322963339 series 2401634
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/
170 episod
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