Navigating Social Security benefits can be complex, and this video breaks down key strategies for deciding when to file. Discover why the traditional break-even analysis is outdated, learn 7 compelling reasons to collect benefits early, and understand how personal circumstances like health, family dynamics, and financial markets can influence your optimal filing strategy. Whether you're approaching retirement or helping a loved one plan, this guide offers crucial insights to make an informed decision about one of the most important financial choices you'll make.
#SocialSecurity #RetirementPlanning #FinancialTips #EarlyRetirement #RetirementStrategy #PersonalFinance #FinancialIndependence #RetirementBenefits #MoneyManagement #agingwisely
00:00-Intro
00:30-Understanding The Break-Even Analysis
01:15-When Should You Turn On Social Security?
03:36-Here's How the Numbers Look
04:50-Is This The Best Strategy?
06:45-The Bigger Picture:Why The Chart Isn't Enough
08:15-7 Great Reasons to Collect Benefits Early
08:20- Reason 1: Health Considerations
08:55-Reason 2: Enhanced Quality of Life
10:00- Reason 3: Unlocking Family Benefits
11:00- Reason 4: Higher Spousal or Survivor Benefit
12:00- Reason 5: Financial Market Opportunities
13:05- Reason 6: Managing Provisional Income
13:40- Reason 7: Financial Necessity
14:26- Final Considerations: Don't Rush the Decision
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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.
I provide financial planning for business owners and their families that makes sense.
Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.
We strive to help you:
*Optimize Your Cash Flow
*Minimize Your Taxes
*Build Your Net Worth
*Create a Lasting Legacy
➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️
Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!
Top Financial Advisor Baltimore. Top Financial Planner Maryland.
Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.
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