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Why 62 Is The Most Important Age For Your Retirement
Find out if you're working longer than you need to: https://www.demarsfinancial.com/start-here?utm_source=Youtube&utm_medium=Videolink&utm_campaign=46150
Get free access to the same professional retirement planning software we use with our clients: https://www.demarsfinancial.com/right-express
Age 62 isn't just when Social Security becomes available. It's the first point where Social Security, portfolio withdrawals, taxes, and healthcare before Medicare all start affecting each other at the same time. Most people only plan for one of those decisions. This episode walks you through what happens when you plan for all of them together.
Taylor breaks down the real cost of claiming Social Security early vs. late (it's not just a breakeven chart), why the healthcare gap before Medicare is more expensive than most people budget for, and the one cost the financial industry almost never measures: the cost of waiting too long to retire.
He also walks through what he calls the 62 Gap Analysis — four questions he asks every client before they make any major decision at this age.
📺 Watch next: Why the Math Says Yes, But You Still Can't Pull the Trigger https://youtu.be/agz5kbJLFMM
📋 TIMESTAMPS
0:00 The most expensive mistake at 62
0:58 What actually happens at 62 (the convergence most people miss)
2:38 The Social Security mistake most people make
4:14 The healthcare gap nobody budgets for
6:18 The cost nobody measures (retiring too late)
8:09 The 62 Gap Analysis: 4 questions to ask before you decide
9:29 Why Michael couldn't pull the trigger (and what changed)
10:31 What getting 62 right actually looks like
Resources:
Website: https://www.demarsfinancial.com/
Phone: (509) 536-9556
Schedule an introduction call with Taylor: https://bit.ly/demarspodcast
Check out Taylor's YouTube Channel: https://www.youtube.com/@TaylorMadeRetirement
Taylor's Newsletter: https://demars-financial-group.kit.com/827c64fe0e
Disclaimer: Since we don't know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Demars Financial Group, LLC or its members cannot be held liable for any use or misuse of this content. Advisory services offered through Demars Financial Group LLC, a Registered Investment Advisor. Demars Financial Group is not affiliated with LPL Financial.
View all episodes
By Taylor Demars, CFP®Find out if you're working longer than you need to: https://www.demarsfinancial.com/start-here?utm_source=Youtube&utm_medium=Videolink&utm_campaign=46150
Get free access to the same professional retirement planning software we use with our clients: https://www.demarsfinancial.com/right-express
Age 62 isn't just when Social Security becomes available. It's the first point where Social Security, portfolio withdrawals, taxes, and healthcare before Medicare all start affecting each other at the same time. Most people only plan for one of those decisions. This episode walks you through what happens when you plan for all of them together.
Taylor breaks down the real cost of claiming Social Security early vs. late (it's not just a breakeven chart), why the healthcare gap before Medicare is more expensive than most people budget for, and the one cost the financial industry almost never measures: the cost of waiting too long to retire.
He also walks through what he calls the 62 Gap Analysis — four questions he asks every client before they make any major decision at this age.
📺 Watch next: Why the Math Says Yes, But You Still Can't Pull the Trigger https://youtu.be/agz5kbJLFMM
📋 TIMESTAMPS
0:00 The most expensive mistake at 62
0:58 What actually happens at 62 (the convergence most people miss)
2:38 The Social Security mistake most people make
4:14 The healthcare gap nobody budgets for
6:18 The cost nobody measures (retiring too late)
8:09 The 62 Gap Analysis: 4 questions to ask before you decide
9:29 Why Michael couldn't pull the trigger (and what changed)
10:31 What getting 62 right actually looks like
Resources:
Website: https://www.demarsfinancial.com/
Phone: (509) 536-9556
Schedule an introduction call with Taylor: https://bit.ly/demarspodcast
Check out Taylor's YouTube Channel: https://www.youtube.com/@TaylorMadeRetirement
Taylor's Newsletter: https://demars-financial-group.kit.com/827c64fe0e
Disclaimer: Since we don't know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Demars Financial Group, LLC or its members cannot be held liable for any use or misuse of this content. Advisory services offered through Demars Financial Group LLC, a Registered Investment Advisor. Demars Financial Group is not affiliated with LPL Financial.