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26. The High Price Retirees Pay for Collecting Social Security Too Early
Manage episode 358736508 series 3355145
Kandungan disediakan oleh Ryan Kilkenny. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Ryan Kilkenny atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
One of the most important decisions you will make in retirement is deciding when to collect your Social Security benefits. Social Security is a guaranteed lifetime annuity designed to pay you an inflation-protected income for as long as you live. But figuring out when to collect payments, especially if you are eligible for multiple benefits or coordinating with a spouse, can be nearly impossible. And here is the hard truth. Most retirees are giving up tens of thousands or even hundreds of thousands of dollars because they collect their benefits too early. I hope you enjoy this episode of The Atomic Retirement podcast!
Resources Mentioned
- The High Price Retirees Pay for Collecting Social Security Too Early
- Social Security Administration Website
- Social Security Cost-of-Living Adjustment (COLA) Information
- What is FICA?
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