The Retirement Oasis Podcast

#11- What is the Optimal Claiming Age for Social Security?

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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!

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    Resources: 

    For Visit our Blog line, ADD LINK TO OUR CORRESPONDING WEBSITE BLOG. USE THIS ADDRESS: https://www.oasiswealthplannig.com/what-is-the-optimal-social-security-claiming-strategy

     

    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
    ...more
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    The Retirement Oasis PodcastBy Steve Martin, CFP®, CPA, JD and Mel Bond, CFP®, CFA
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