Рет қаралды 46,148
When it comes to deciding when to claim Social Security benefits, many people focus on the breakeven age as an important factor. However, basing your decision solely on breakeven analysis is misguided and can cost you big in the long run.
In this video, I explain why the Social Security breakeven age is a poor way to analyze whether you should take benefits early versus delaying to full retirement age or even age 70. The breakeven approach fails to account for the opportunity cost of the money you must spend from your investment portfolio while delaying Social Security. Those funds can no longer be invested and allowed to grow.
I also demonstrate an alternative way to evaluate your Social Security claiming strategy based on your expected longevity and projected investment returns.
Related Videos:
5 Reasons to take Social Security Early: • 5 Reasons to Take Soci...
5 Reasons to delay Social Security: • Video
Should I Delay Social Security or Take it Early? • Should I Delay Social ...
________________________________________________________
Check out my website to learn more: sophoswm.com/
Contact info:
Email: scott@sophoswm.com
Linkedin: / scottcaufieldcfacpa
Phone: (425) 954-6365