How do I take my Social Security? When do I claim? What are the rules?
If you find yourself asking these questions, tune in to this episode to learn Social Security strategies so you can get the most from your benefit during retirement.
1:15 “If you think about it, there are so many different options for a married couple to take Social Security.”
1:30 “You got 10,000 baby boomers turning 65 every day for the next 12-14 years. Now, the problem is that in the past, people would take Social Security right away.”
2:55 “The problem is that there are different kinds of benefits for married couples. There’s survivor benefits, spousal benefits, there’s when does one spouse start does the other spouse take the survivor? All kinds of rules, but if you get this right you could end up with another $2,000-3,000 in retirement.
7:26 “If you’re 55 or older, I would not necessarily worry about anything changing with your overall benefit.”
7:52 “Life expectancy is another big thing because people are living a lot longer than ever before, so you have to plan for longevity.
12:50 “When you are married, you can either take your [Social Security] benefit, or half of your spouse’s – whichever is higher and you can sometimes switch from your benefit to your spouse’s”