We've all heard about Social Security's funding troubles. Is this why some decide to start benefits early? If Social Security were reduced, can it make sense to defer claiming? Hear Tyler Emrick, CFA, CFP, discuss a recent Wall Street Journal article on these topics as well as other recent proposals from Congress and academics that may impact the system. You paid in. Let's learn how you can get your fair share out.
Here are some of the things you’ll learn in this episode:
Why so many people claim their benefits as early as possible due to uncertainty. (2:22)
Does delaying your Social Security benefit help or hurt the system? (8:30)
How your 401(k) and IRA accounts factor into your strategy for Social Security. (12:20)
Some final thoughts from Tyler on Social Security. (18:52)