071: Jeff Miller: Social Security Strategies Explained

In this episode, The Annuity Man and Jeff Miller discuss:  Life expectancy and income level demographics  Until what age should you wait?  Figuring out your life expectancy  Inflation, where is it going and how will it affect social security    Key Takeaways:  With any type of lifetime income-stream annuity, it's all about life expectancy - the older you are, the higher the payment.  Find what your social security benefits would be at full retirement age.  People in higher incomes seem to have a longer life expectancy. But a lot of people don't consider themselves wealthy even if they are, so it still depends.  The estimation of when the social security trust fund will run out of money keeps getting closer and closer.    "As a general rule... consider your spouse when you make your claiming decision. If you're the higher earning spouse, even if you're in poor health, you may want to delay to make sure that your spouse gets the highest possible benefit after you pass." —  Jeff Miller    Connect with Jeff Miller: Website: http://www.socialsecuritychoices.com/ My Social Security: https://www.ssa.gov/myaccount/   Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: [email protected]  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator!