Reasons to Delay Social Security

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On the 38th episode of the Retirement Explained podcast, I’m talking about Social Security and why you should consider delaying taking your benefit.

It’s one of the most important conversations I have with clients; discussing when they should take their benefit and we typically discuss and look at different scenarios using our financial planning software to determine what is best.

Like most things in financial planning, the decisions we make today will affect us for decades to come so it’s really important to measure twice and cut once, so to speak.

On today’s episode I talk about:

  • Don’t look at Social Security in isolation from your other assets

  • Separate the emotions of taking Social Security from your decision making

  • Consider your longevity

  • Crunch the numbers

  • Be realistic

I hope you enjoy the episode!

-Brian

Brian Rasmussen