What Your Advisor Should Tell You About the Social Security Claiming Penalty

Most retirees leave tens of thousands of dollars on the table by claiming Social Security too early. In this episode, Lucas and Luna break down the math behind the delayed retirement credits—how waiting from age 62 to 70 can boost your monthly benefit by 76 percent—and explain why many financial advisors fail to run the breakeven analysis properly. They walk through a real 65-year-old couple's scenario, weighing longevity risk, spousal benefits, and the 'claim and suspend' strategy that ended in 2016. Lucas shares a specific tool he uses to calculate the lifetime income difference, and Luna challenges him on when it actually makes sense to claim early. They also touch on how the 2026 COLA adjustment factors into the decision. If your advisor hasn't shown you a side-by-side projection of your claiming options, this episode explains exactly what to ask for at your next review. #SocialSecurity #RetirementPlanning #ClaimingStrategy #DelayedRetirementCredits #BreakevenAnalysis #FinancialAdvisor #FiduciaryDuty #IncomePlanning #LongevityRisk #SpousalBenefits #COLA2026 #RetireEarly #RetireLate #PersonalFinance #Investing #FexingoBusiness #BusinessPodcast #Finance Keep every episode free: buymeacoffee.com/fexingo