When Should You Claim Social Security? #personalfinance #financialplanning #socialsecurity

Let's shift gears to Social Security. So I think, what are the biggest things people need to get right? Like, what really matters here when someone's kind of like considering when to claim this and how to go about it?

Well, as I said earlier, my general take on this for most people, especially married couples, is that later is better. So, you know, full retirement age for most people now is 67, and that's a kind confusing, misleading phrase. The phrase full retirement age sounds like it ought to be the maximum amount you can get, but it's not. It's the age at which you are entitled to 100% of the earned benefit, and you can continue to earn, you know, credits beyond that—delayed retirement credits up to 70. And for married couples, it usually works out well because, uh, you know, one of the two spouses is pretty likely to to live to an advanced age and be able to perhaps step up to a deceased spouse's, uh, you know, to the widow's benefits.