Go offline with the Player FM app!
Why Advisors Should Never Recommend Social Security Claiming at 62
Manage episode 515882766 series 1232333
A few episodes ago, we covered Derek Tharp's research suggesting that not everyone should delay until 70 — especially those with shorter life expectancies or limited assets.
This week's headline brings the opposite perspective: Michael Finke argues that for higher-income retirees who expect to live longer, claiming early is almost always a mistake — and that fear-based decisions about Social Security's solvency can cost retirees hundreds of thousands in lifetime income.
Plus, a listener asks about giving with warm hands vs cold hands - which is a euphemism for giving during life vs giving after death. How much can they give without fear of running out of money?
Resource:
- Michael Finke article on ThinkAdvisor: Why Advisors Should Never Recommend Social Security Claiming at 62
Connect with Benjamin Brandt
- Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
- Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter
- Work with Benjamin: https://retirementstartstoday.com/start
Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart
Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement
408 episodes
Manage episode 515882766 series 1232333
A few episodes ago, we covered Derek Tharp's research suggesting that not everyone should delay until 70 — especially those with shorter life expectancies or limited assets.
This week's headline brings the opposite perspective: Michael Finke argues that for higher-income retirees who expect to live longer, claiming early is almost always a mistake — and that fear-based decisions about Social Security's solvency can cost retirees hundreds of thousands in lifetime income.
Plus, a listener asks about giving with warm hands vs cold hands - which is a euphemism for giving during life vs giving after death. How much can they give without fear of running out of money?
Resource:
- Michael Finke article on ThinkAdvisor: Why Advisors Should Never Recommend Social Security Claiming at 62
Connect with Benjamin Brandt
- Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
- Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter
- Work with Benjamin: https://retirementstartstoday.com/start
Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart
Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement
408 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.


 
 
 
