When Should You Claim Social Security?

Claiming Social Security is one of the biggest retirement decisions you'll ever make—but it's also one of the most misunderstood. Many people focus only on maximizing their monthly benefit, yet the timing of your claim can affect taxes, Medicare premiums, Roth conversions, investment withdrawals, survivor income, and your overall retirement strategy. In this episode, Drew Stevens, Founder of Wisdom to Wealth and Retirement Decision Specialist, explains why Social Security should never be considered in isolation. You'll discover: • The advantages and trade-offs of claiming at 62, Full Retirement Age, or 70 • How Social Security interacts with your tax return • Why Roth conversions and Medicare IRMAA matter • How survivor benefits can influence claiming decisions • The importance of coordinating retirement income rather than making isolated financial choices If you're approaching retirement or helping someone who is, this episode offers practical insights that can help you make more informed retirement decisions. Every retirement decision affects another. Before making permanent choices about Social Security, taxes, Medicare, Roth conversions, or retirement income, make sure you understand how those decisions work together. If you're within five years of retirement—or already retired—and would like a personalized Retirement Decision Review, I'd be honored to help. Visit www.wisdomtowealth.com to schedule a complimentary consultation and begin making retirement decisions with greater confidence, clarity, and purpose.