When is the Best Time to Take Social Security?

Nearly everyone we talk to wants to know when is the ideal time to take Social Security, and that's a natural question because they've been paying into it for a very long time. Clients not only want to start getting that money out but want to do it in the most efficient way so they can maximize their benefit. Making the decision about when to start taking Social Security benefits is one of the most crucial financial choices you'll face as you approach retirement. In this episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® take you through the process for making this decision and how we approach it with our clients.   Here's some of what we discuss in this episode: The key ages for Social Security. The viability of the system and the benefits. One of the biggest questions we get asked is about break-even points. Why taking them sooner might allow you to enjoy the money and continue to grow your assets for your heirs. The other factors that play into your decision.   To aid in this decision-making process, Johnson Brunetti offers a helpful booklet on Social Security decisions. You can get your hands on this resource by texting the word "social" to 800-757-0436. This booklet can provide you with the information you need to make an educated choice about when to start taking your benefits.   Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/