Your Next Money Move

When Should I File for Social Security?


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In this episode of Your Next Money Move, Trent and Derek tackle the question, "When is the best time to file for social security?". They explain the filing age range and the impact waiting has on your monthly check. They also touch on the importance of considering your current financial needs and health when making the decision. The duo covers why delaying can be a form of old age insurance and where the 'break-even point' is when doing your calculations. They also address concerns about the health of the social security system and the benefit of having an advisor to optimize your decision. Tune in for a thorough and informative discussion on the ins and outs of filing for social security.

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Your Next Money MoveBy Derek Lawson PhD, CFP® and Trent Porter CPA, CFP®