Comments on: How To Maximize Your Social Security Benefits! | FinTips https://hotsidehustles.com/how-to-maximize-your-social-security-benefits-fintips/ Drop your 9 to-5 for good Wed, 11 Oct 2023 14:50:19 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Swamp Rat https://hotsidehustles.com/how-to-maximize-your-social-security-benefits-fintips/#comment-7737 Tue, 10 Oct 2023 13:07:43 +0000 https://hotsidehustles.com/?p=2328#comment-7737 50% of people will not make it to break even.

]]> By: Bleu Les Yeux https://hotsidehustles.com/how-to-maximize-your-social-security-benefits-fintips/#comment-7736 Tue, 10 Oct 2023 04:18:55 +0000 https://hotsidehustles.com/?p=2328#comment-7736 How much does a pensionreduce your ss amount? E.g. 70,000 pension and you’re supposed to get a $1500 ss check. How much will that $1500 get reduced?

]]> By: sorif sem https://hotsidehustles.com/how-to-maximize-your-social-security-benefits-fintips/#comment-7738 Tue, 10 Oct 2023 04:18:42 +0000 https://hotsidehustles.com/?p=2328#comment-7738 Hello bro
Do you need a professional youtube thumbnail designer??

]]> By: Jazz Wealth Managers https://hotsidehustles.com/how-to-maximize-your-social-security-benefits-fintips/#comment-7734 Mon, 09 Oct 2023 19:46:28 +0000 https://hotsidehustles.com/?p=2328#comment-7734 In reply to Thomas P.

Appreciate the comment! The example showed age 70 since that is the last year you could take SS. The idea was that John’s early death and reduced pension payout could be offset by delaying SS. This is a random scenario just to help get the wheels spinning. Eric did a vid on taking SS and investing. It was interesting to see the results, check it out if you’d like! https://www.youtube.com/watch?v=i5lv2pVhv_M

]]> By: Bruce Smith https://hotsidehustles.com/how-to-maximize-your-social-security-benefits-fintips/#comment-7735 Mon, 09 Oct 2023 18:28:02 +0000 https://hotsidehustles.com/?p=2328#comment-7735 Thanks Eric great advice to look down the road.

]]> By: Thomas P https://hotsidehustles.com/how-to-maximize-your-social-security-benefits-fintips/#comment-7733 Mon, 09 Oct 2023 17:18:42 +0000 https://hotsidehustles.com/?p=2328#comment-7733 By my math, by delaying SS to 72 in the example you gave, it would take over 14 years for Jane to break even (age 86). And that’s without adding the effects of compounded returns on the invested money they didn’t need but took at age 67.

SS timing is definitely a complicated aspect of retirement planning that’s different for everyone. However, it seems the less you need it, the earlier you should take it. And the more you’re dependent on it, the more you should delay it, generally speaking.

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