#11- What is the Optimal Claiming Age for Social Security?

Choosing the right claiming age for your Social Security retirement benefits can result in tens of thousands of dollars in savings or more. It’s not a one-size fits all answer so you better know the relevant factors and considerations. In this episode, Steve and Mel discuss the following: Review the fundamentals of Social Security retirement benefits. The basic tradeoffs of claiming SS benefits earlier versus later. The key factors that play a role in the optimal claiming age decision. The types of analysis for the optimal claiming age. Why the analysis for married couples is more complex than for single individuals. Where to get help in analyzing your optimal claiming age strategy. And more!   Resources:  For Visit our Blog line, ADD LINK TO OUR CORRESPONDING WEBSITE BLOG. USE THIS ADDRESS: https://www.oasiswealthplannig.com/what-is-the-optimal-social-security-claiming-strategy   Visit our Blog at Oasis Wealth: Episode 11 SSA's Life Expectancy Calculator Living to 100 Calculator Alleva, Brian. Discount Rate Specification and the Social Security Claiming Decision. 2016. Alicia H. Munnell and Anqi Chen, Are Social Security’s Actuarial Adjustments Still Correct? 2019. Want to speak to a fiduciary financial planner? Schedule an Introductory Call with Oasis Wealth