At What Age Should You Start Taking Your Social Security Benefits?- Season 6: Episode 6

It’s the most common question we get when we’re discussing Social Security: what’s the best age to start taking your benefits? Naturally, everyone’s situation is different, but there are general guidelines to determine if it’s better to take them early, or to wait until later for a larger monthly benefit.

But it’s not as simple as just saying, “if you think you’ll live a long time, take them later; if not, take them sooner.” Because in some instances, doing the exact opposite may work out far better for you. Podcast host Johnny Dean and “Professor” Rick Plum, CFP® discuss this all-important topic on today’s episode of Managing Your Financial Future.

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

No client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from Lucia Capital Group or from any other investment professional.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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