))
62, 67, or 70? The Best Age to Take Social Security Might Surprise You | Ep 2
Manage episode 462664325 series 3637790
Content provided by Mutual of Omaha Advisors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mutual of Omaha Advisors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Join host Mark Zagurski as he unpacks the complexities of incorporating Social Security benefits into your retirement planning. Whether you’re just starting to think about your golden years or you’re approaching retirement age, this episode provides essential insights to help you make informed decisions.
Key takeaways include:
• Understanding Social Security eligibility requirements and how benefits are calculated.
• Exploring the differences between claiming benefits at age 62, Full Retirement Age (67 for those born after 1960), and deferring until age 70.
• Evaluating the impact of early claims versus delayed benefits on your lifetime income.
• How tools like Social Security break-even calculators can clarify your options.
• The role of factors like health, financial resources, and marital history in your claiming strategy.
• Why relying on generic advice from social media might do more harm than good.
• The importance of consulting a qualified financial advisor to align Social Security decisions with your unique retirement goals.
With clear explanations and actionable advice, Mark helps listeners demystify acronyms like FRA, AIME, and PIA, ensuring you understand how these terms affect your benefits. He also highlights the additional value of Social Security as a safeguard against inflation and longevity risks.
Don’t leave your retirement to chance. Connect with a Mutual of Omaha advisor today to design a customized retirement plan that maximizes your Social Security benefits. It’s your money, your plan, and your future—take the first step toward securing it now.
“No one is average; we are all unique people with unique circumstances, and your retirement plan should reflect that.” - Mark Zagurski
Connect with Mutual of Omaha Advisors through the following links:
Download the Seven Principles eBook
Facebook - Mutual of Omaha Advisors
--
Investing involves risk, including loss of principal.
This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions. Strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.
24 episodes
Share
