#3: The Truth About Social Security in Retirement

If you have heard that Social Security is running out and wondered whether you should claim your benefit early before it disappears, you are not alone. It is a common fear among pre-retirees, and the headlines only make it worse.In this episode, Jaime Cowper, walks through what the latest trustee report actually says about Social Security solvency, what a worst case scenario really looks like, and why fear driven decisions about when to claim can lock you into a lower benefit for life. She also shares a real client story that reveals how some advice about claiming early may not be in your best interest. If you are approaching retirement and trying to figure out your Social Security strategy, this episode brings the clarity you need.Chapters: (00:00) Introduction (01:02) What the Trustee Report Says(03:04) Why Clients Want to Claim Early(03:23) The Advisor Conflict of Interest(05:01) Why Waiting Still Makes Sense(05:45) Variables That Affect Your Decision(06:16) Who You Should Listen ToComment below: have you ever felt pressured to claim Social Security early because of a headline you read?To schedule a time to discuss your financial future visit https://www.unityfinancialadvisors.net/contact-us or call (248) 885-8176 today!Connect with Jaime on Social MediaLinkedIn: https://www.linkedin.com/in/jaimecowperInstagram: https://www.instagram.com/jaime.cowperFacebook: https://www.facebook.com/unityfinancialInvestment advisory and financial planning services offered through Advisory Alpha, LLC, a Registered Investment Advisor. Insurance, Consulting, and Education services offered through Unity Financial Advisors. Unity Financial Advisors is a separate and unaffiliated entity from Advisory Alpha. While tax and legal issues may be discussed in the general course of financial and investment planning, Advisory Alpha does not provide tax or legal services. Jaime Cowper is an investment advisor representative of Advisory Alpha, LLC, a SEC registered investment advisor. All opinions expressed by Jaime Cowper are solely her own opinions and do not reflect the opinions of Advisory Alpha, LLC, and as such, any and all statements of purported or observed general practices of non-affiliated firms and advisors; conditions of the broad financial services industry; or performance or returns with regards to products, securities, markets, or otherwise, whether or not advisor indicates they may be relying on third-party data or sources, are solely the opinions and/or interpretations of the advisor and are not intended to be offered as factual. The validity of these statements has not been verified, and as such, no representations of their validity are made. This recording is for informational purposes only and should not be relied upon for investment decisions. This material is not endorsed or approved by the Social Security Office or any other Government Agency. An Annuity is a long-term financial product designed largely for asset accumulation and retirement needs. All guarantees are backed by the claims-paying ability of the issuing insurance company.