Joe Anderson
ABOUT Joseph

As CEO and President, Joe Anderson has created a unique, ambitious business model utilizing advanced service, training, sales, and marketing strategies to grow Pure Financial Advisors into the trustworthy, client-focused company it is today. Pure Financial, a Registered Investment Advisor (RIA), was ranked 15 out of 100 top ETF Power Users by RIA channel (2023), was [...]

Alan Clopine

Alan Clopine is the Executive Chairman of Pure Financial Advisors, LLC (Pure). He has been an executive leader of the Company for over a decade, including CFO, CEO, and Chairman. Alan joined the firm in 2008, about one year after it was established. In his tenure at Pure, the firm has grown from approximately $50 [...]

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”