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. As CEO he currently leads Pure Financial Advisors along with our executive team. As CFO he is responsible for the financial operations of the company. Alan joined the firm about one year after it was established. At that time the company had less than [...]

Two vital elements of maximizing your Social Security benefit are understanding how to calculate it and knowing when to claim it.  In this clip, Joe shows you the different ages at which you can claim your benefit and also explains what a delayed credit is.

0:04 “They take your highest 35 years and average them together and then they have this formula to determine what’s called your primary insurance amount”

0:24 “You’re allowed to take it as early as 62; it’s a reduced amount, you can also take it later at age 70 and it’s a much higher amount”

0:37 “If you have worked only 30 years, what they do is they fill in zeros for the other five”

1:35 “The earliest age you can take it is 62.  Your full retirement age for most of you is probably 66, between 66 and 67”

1:47 “You get an extended credit of 8% per year, each year that you wait.  It’s called a delayed credit.  So if you do not take it at 62, you get an 8% increase until you’ve reached full retirement age”