Takeaways:

1. Married couples must collaboratively decide on Social Security claiming strategies to maximize benefits.
2. Failing to coordinate Social Security claims can result in significant financial losses for couples over time.
3. The higher earner's decision regarding Social Security affects the surviving spouse's future income substantially.
4. To optimize financial outcomes, couples should consider their age gap and health status when planning Social Security claims.

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Brian D Muller(AAMS©), Founder, Wealth Advisor

Podcast Disclaimer The Wealth Decisions Podcast is provided solely for general information purposes and should not be construed as accounting, legal, tax, or any other professional advice. Visitors are advised not to act upon the information or content found here without first seeking appropriate guidance from a qualified accountant, financial planner, lawyer, or other relevant professional. Any hypothetical performance is just that, and there is no guarantee that you will receive a specific average rate of return in any examples in this podcast.

THE BASICS OF RETIREMENT PLANNING Retirement planning has several steps, with the end goal of having enough money to quit working and live your version of a richer life. My goal is to help people make better wealth decisions along their financial journey so they can retire and stay comfortably retired