Episode 131
When Should I Take Social Security? [E131]
In this episode of Business by the Numbers, we dive into the intricacies of Social Security and the critical decisions that can impact your retirement planning. Whether you're nearing retirement or planning ahead, understanding when to start collecting Social Security is vital for maximizing your benefits.
Key Points Discussed:
- The importance of consulting a financial advisor when considering retirement options and Social Security.
- How Social Security benefits are calculated based on your highest 35 years of earnings.
- The implications of taking Social Security benefits early, at full retirement age, or at maximum retirement age.
- Strategies for married couples, including how spousal benefits can influence your Social Security decisions.
- Why waiting until full retirement age often makes financial sense, especially if you're still working.
Thanks to our partner, NAPA TRACS
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Thanks to our partner, Promotive
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Paar Melis and Associates – Accountants Specializing in Automotive Repair
Visit us Online: www.paarmelis.com
Email Hunt: podcast@paarmelis.com
Download a Copy of My Books Here:
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Business by the Numbers with Hunt Demarest: Understand the Numbers of Your Business with CPA Hunt Demarest.
