))
The Truth About Social Security at 62: How Early Filing Could Save Your Retirement | The Limitless Retirement Podcast
Manage episode 483858770 series 3428945
Content provided by Ted Gudorf, Danny Gudorf, Gudorf Law Group, Gudorf Financial Group, Ted Gudorf, Danny Gudorf, Gudorf Law Group, and Gudorf Financial Group. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ted Gudorf, Danny Gudorf, Gudorf Law Group, Gudorf Financial Group, Ted Gudorf, Danny Gudorf, Gudorf Law Group, and Gudorf Financial Group 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.
Should you grab your Social Security benefits at 62 or hold out for more? Danny lays out five surprisingly strong arguments in favor of claiming early. But this isn’t about rules—it’s about your situation. He dives into how life expectancy, tax impacts, and personal priorities all factor into this critical decision.
Takeaways
- Filing at 62 can be financially advantageous for some individuals.
- Life expectancy plays a crucial role in deciding when to file.
- Collecting Social Security early can help preserve retirement savings.
- Younger spouses may benefit from filing early to secure income.
- Family benefits can be unlocked by filing early, providing additional income.
- Financial needs may necessitate early filing for Social Security.
- Tax implications should be considered when deciding when to file.
- Delaying benefits may not always be the best strategy for everyone.
- Personal health and family situations significantly impact retirement decisions.
- It's essential to align Social Security filing with overall retirement strategy.
Resources:
Chapters
1. Understanding Social Security Filing Options (00:00:00)
2. Evaluating Life Expectancy and Financial Needs (02:53:00)
3. Strategies for Couples with Age Gaps (05:49:00)
4. Unlocking Family Benefits and Financial Security (09:07:00)
5. The Importance of Timing and Tax Implications (11:58:00)
70 episodes
Share
