Video Description

When should you start claiming Social Security—62, 67, or 70? It’s one of the most important decisions in your retirement plan, and the right answer depends on your situation. In this video, we walk through the real trade-offs between claiming early, waiting until full retirement age, or delaying until 70. We’ll cover how: Early filing reduces your benefit by up to 6.6% per year Delaying increases your benefit by 8% annually Your decision affects your investment portfolio, taxes, and survivor/spousal benefits Longevity plays a major role in choosing the best strategy Social Security isn’t just about the numbers. It’s about aligning this decision with your broader financial picture and lifestyle goals. Whether you’re a few years out or already in retirement, this breakdown will help you make a confident, informed choice. Learn the tips & strategies to get the most out of life with your money. ======================= Work with us → https://www.rootfinancial.com/start-here/ Check out our Root Financial Youtube Channel → https://www.youtube.com/channel/UCopKwWs9ea1dAOxqZOqBjpg Get access to the retirement software I use and more → https://retirement-planning-academy.mykajabi.com/rpa Join Community → https://root-collective-58ba64.circle.so/join?invitation_token=7d3099b487a7dac1d9e97518d6661caff82a14cd-e9ef17fb-3ff3-48ef-ac1e-1d1939c91ae0 _ _ ⏱Timestamps:⏱ 00:00 - Laying Down The Ground Work 04:22 - Pros & Cons of Collecting at 62 09:57 - Pros & Cons of Collecting at 67 13:04 - Pros & Cons of Collecting at 70 17:53 - Making An Informed Decision 18:30 - Disclaimer _ _ Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship. We do not provide tax preparation or legal services. Always consult an investment, tax or legal professional regarding your specific situation. The strategies, case studies, and examples discussed may not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only. They do not reflect actual client results and are not guarantees of future performance. All investments involve risk, including the potential loss of principal. Comments reflect the views of individual users and do not necessarily represent the views of Root Financial. They are not verified, may not be accurate, and should not be considered testimonials or endorsements. Participation in the Retirement Planning Academy or Early Retirement Academy does not create an advisory relationship with Root Financial. These programs are educational in nature and are not a substitute for personalized financial advice. Advisory services are offered only under a written agreement with Root Financial.