How To Build A Retirement Income That Lasts

This episode explores the financial implications of when to begin claiming Social Security benefits, highlighting the trade-offs between early access and maximized payouts. It details how filing at age 62 results in reduced monthly checks, while waiting until age 70 significantly increases the benefit amount. The episode provides practical tools like break-even calculations and covers essential topics such as spousal benefits, income limits for working retirees, and potential tax obligations. Additionally, it suggests supplementing government payments with private investment accounts and robo-advisors to ensure a stable retirement. Ultimately, the guide serves as a comprehensive resource for navigating long-term financial planning based on individual health and savings goals.“If you don't find a way to make money while you sleep, you will work until you die.”Warren BuffettThis episode includes AI-generated content.