When Should You Take Social Security?

Summary

Mark Riepe is signed up with by Rob Williams and Susan Hirshman to take a look at one of the most critical retirement choices: When should you take Social Security?

After you listen:

– Check out the valuable resources Susan points out on the Social Security Administration's site ().
– Listen to Mike Townsend's WashingtonWise podcast () to stay abreast of the policy disputes surrounding federal government programs like Social Security and Medicare.

In this episode of Financial Decoder, host Mark Riepe analyzes one of the most critical retirement choices: When should you take Social Security? When you claim too early, your benefits are reduced, and yet a large portion of individuals claim at the earliest possible age. What's driving this choice? Mark, together with his visitors Rob Williams and Susan Hirshman, take a look at three psychological phenomena that could impact the choice.

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Important Disclosures.

The information offered here is for general informational purposes only and ought to not be considered an individualized suggestion or personalized financial investment advice. The investment strategies pointed out here may not be suitable for everybody. Each financier needs to evaluate an investment technique for his or her own particular situation before making any investment decision..

All expressions of viewpoint are subject to alter without notification in reaction to shifting market conditions. Information contained herein from third-party service providers is acquired from what are thought about dependable sources. However, its precision, completeness, or reliability can not be guaranteed..

Examples offered are for illustrative functions just and not meant to be reflective of results you can expect to attain.

All names and market data shown above are for illustrative functions only and are not a suggestion, deal to offer, or a solicitation of an offer to purchase any security. Supporting paperwork for any claims or statistical info is readily available upon request.

The policy analysis supplied by the Charles Schwab & Co., Inc., does not constitute and ought to not be translated as an endorsement of any political party.

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When Should You Take Social Security?

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