Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Alan Clopine

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently leads Pure Financial Advisors along with Michael Fenison and Joe Anderson. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. As of [...]

You can begin claiming your Social Security benefits at age 62 and the latest you can claim is age 70. The longer you wait to claim, the higher your monthly payments will be. So what are the breakeven points if you were to take it earlier rather than later? In other words, at what age would your benefits even out if you were to take it at age 62 versus 66 for example? Find out in this segment of “Your Money, Your Wealth”.


“If I take it early versus full retirement age versus 70, there’s got to be a break even. When do I break even my benefit? You have to live to a certain age so 62 versus 66–this is from a recent study we saw: 78 years in four months, 62 versus 70: 81 and two months and 66 versus 70: 83 years of age and six months. So if you don’t believe you’re going to make it to those ages, you may actually want to take it early. But a lot of us don’t know how long we’re going to live and we’re living longer, in fact the Social Security actuarial tables were developed in the 1980’s, so it’s actually a better deal to wait now than ever before since they have not updated those actuarial tables. So unless you have impaired life expectancy, you’re generally better off waiting”