Mullooly Asset Management
Mullooly Asset Management
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When is the BEST Time to Claim Social Security?
• 26 minShould you claim Social Security early to maximize the amount of time you receive benefits? Or should you delay taking it for as long as possible to maximize the amount of money you receive each month? Join us, as Tom, Tim and Casey dissect the critical variables surrounding Social Security decisions. From exploring the optimal claiming age to balancing the retirement equation, they break down the myriad of elements influencing these pivotal financial milestones. The guys don't shy away from the gritty numbers and what they might mean for you. With a hypothetical individual living to a 100 as a case study, we illuminate the stark difference that claiming at age 62 versus 70 can make. But is the payoff worth the wait? They dissect that too, alongside other strategies for claiming and tax implications to watch out for. Remember, knowing your goals and beliefs is instrumental in navigating your financial journey. So, strap in, and let’s embark on this enlightening expedition together.
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