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Episode 120: "Claiming Social Security: 3 things to Consider First"
Deciding when to claim Social Security is a critical
decision that can have a significant impact on your retirement income.ย In this video Tom walks you through the 3 essential questions you need to ask yourself to determine the optimal time to start receiving Social Security.
1)ย When is the right age to claim benefits based on
your life expectancy and break-even analysis?
2) What are your contingency plans should Social
Security reforms or benefit cuts affect your future payments.
3) How will you address the gap between your
desired retirement income and projected social security benefits to ensure you have sufficient savings and income streams?
With clear examples and expert insights, Tom shares some
points you can use to evaluate your personal circumstances, longevity risk, and retirement goals to optimize your Social Security timing and secure your
financial future in retirement.
Jump to a segment using the ๐๐ถ๐บ๐ฒ๐๐๐ฎ๐บ๐ฝ๐
๐ฏ๐ฒ๐น๐ผ๐! ๐ ย
TIMESTAMPS
00:00 Claiming Social Security? 3 Things to Consider
00:29 Question #1: When should you turn on Social Security?
01:58 Question #2: What are you going to do if benefit cuts affect future payments?
03:10 Questions #3: How are you going to address the gap between your desired income and projected Social Security benefits?
04:06 The benefits of an income plan
Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here ๐
https://mosleywealthmanagement.com/contact/
ย
===========================================
If you enjoy this content, please ๐๐๐๐๐๐๐๐๐!
https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1
===========================================
ย ย โญ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐โญ
- Facebook: https://www.facebook.com/mosleyeaseintoretirement
- Instagram: https://www.instagram.com/easeintoretirement/
- LinkedIn: https://www.linkedin.com/company/mosley-wealth-management
ย
#WhenToStartSocialSecurity
#SocialSecurityBenefits
#RetirementIncome
#RetirementPlanning
#RetirementStrategy
#FinancialEducation
#FinancialLiteracy
#HowToRetireEarly
#RetirementPlanningAt50
#RetirementPlanningAt60
#HowMuchDoINeedToRetire
#HowToRetireEarly
#RetirementPlanningTips
#FinancialAdvisor
#SocialSecurity
ย
DISCLOSURE:
Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (โMWMโ). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766
Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is
not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the particular needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the
information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.
View all episodes
By Tom MosleyDeciding when to claim Social Security is a critical
decision that can have a significant impact on your retirement income.ย In this video Tom walks you through the 3 essential questions you need to ask yourself to determine the optimal time to start receiving Social Security.
1)ย When is the right age to claim benefits based on
your life expectancy and break-even analysis?
2) What are your contingency plans should Social
Security reforms or benefit cuts affect your future payments.
3) How will you address the gap between your
desired retirement income and projected social security benefits to ensure you have sufficient savings and income streams?
With clear examples and expert insights, Tom shares some
points you can use to evaluate your personal circumstances, longevity risk, and retirement goals to optimize your Social Security timing and secure your
financial future in retirement.
Jump to a segment using the ๐๐ถ๐บ๐ฒ๐๐๐ฎ๐บ๐ฝ๐
๐ฏ๐ฒ๐น๐ผ๐! ๐ ย
TIMESTAMPS
00:00 Claiming Social Security? 3 Things to Consider
00:29 Question #1: When should you turn on Social Security?
01:58 Question #2: What are you going to do if benefit cuts affect future payments?
03:10 Questions #3: How are you going to address the gap between your desired income and projected Social Security benefits?
04:06 The benefits of an income plan
Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here ๐
https://mosleywealthmanagement.com/contact/
ย
===========================================
If you enjoy this content, please ๐๐๐๐๐๐๐๐๐!
https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1
===========================================
ย ย โญ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐โญ
- Facebook: https://www.facebook.com/mosleyeaseintoretirement
- Instagram: https://www.instagram.com/easeintoretirement/
- LinkedIn: https://www.linkedin.com/company/mosley-wealth-management
ย
#WhenToStartSocialSecurity
#SocialSecurityBenefits
#RetirementIncome
#RetirementPlanning
#RetirementStrategy
#FinancialEducation
#FinancialLiteracy
#HowToRetireEarly
#RetirementPlanningAt50
#RetirementPlanningAt60
#HowMuchDoINeedToRetire
#HowToRetireEarly
#RetirementPlanningTips
#FinancialAdvisor
#SocialSecurity
ย
DISCLOSURE:
Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (โMWMโ). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766
Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is
not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the particular needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the
information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.