Choosing the right claiming age for your Social Security retirement benefits can result in tens of thousands of dollars in savings or more. It’s not a one-size fits all answer so you better know the relevant factors and considerations.

In this episode, Steve and Mel discuss the following:

• Review the fundamentals of Social Security retirement benefits.
• The basic tradeoffs of claiming SS benefits earlier versus later.
• The key factors that play a role in the optimal claiming age decision.
• The types of analysis for the optimal claiming age.
• Why the analysis for married couples is more complex than for single individuals.
• Where to get help in analyzing your optimal claiming age strategy.
• And more!

Resources:

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Visit our Blog at Oasis Wealth: Episode 11

• SSA's Life Expectancy Calculator
• Living to 100 Calculator
• Alleva, Brian. Discount Rate Specification and the Social Security Claiming Decision. 2016.
• Alicia H. Munnell and Anqi Chen, Are Social Security’s Actuarial Adjustments Still Correct? 2019.

Want to speak to a fiduciary financial planner?

• Schedule an Introductory Call with Oasis Wealth