This FALSE Social Security Belief Is Cutting Retirees’ Income

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70-80% of retirees unknowingly limit themselves to just three Social Security claiming ages, leaving thousands of dollars on the table. In this video, Geoff Schmidt explains the hidden choices, why people get anchored, and how thinking in months—not years—can dramatically change your retirement income. .
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CHAPTERS
00:00 Video Overview
01:32 96 Options, 3 Choices
02:20 The Power of Anchoring
02:46 Breakeven Charts Do it Too
04:18 The Consequences are Unintentional
05:16 The Media Reinforces This
08:40 How to Make the Best Choice
09:32 Social Security as an Investment
11:03 The Invisible Fact, "Risk"
11:36 S+P 500 2007 to 2013
12:04 Fixed Income Bond Funds 2021 to Present
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OTHER IMPORTANT LINKS:

FREE Retirement Ready Checklist: https://hlyshm.it/ha5
Follow Me on Instagram: https://hlyshm.it/ha6
Geoff's Facebook Page: https://hlyshm.it/ha7
Federal Reserve Board Survey of Consumer Finances:
https://www.federalreserve.gov/econre...
Social Security Administration Application for Benefits
https://secure.ssa.gov/iClaim/rib
Current Social Security Cost of Living Adjustment
https://www.ssa.gov/cola/
Social Security Payment Estimator
https://www.ssa.gov/benefits/retireme...

Geoffrey Schmidt, CPA Bio:

Geoff Schmidt is a CPA who specializes in personal financial education for those approaching or in Retirement. He is an award winning author and the Director of the Retirement Ready Academy. Geoff spends 100% of this time on financial education through social media.


Legal disclaimer:

Chapter Advisory, LLC (“Chapter”) is a private health insurance agency. In California, Chapter does business as Chapter Insurance Services (Lic. No. 6003691). Chapter is not affiliated with or endorsed by any government entity. While Chapter has a database of every Medicare plan option nationwide and can help you to search among all options, it has contracts with many but not all plans. As a result, Chapter does not offer every plan available in your area. Currently, Chapter represents 50 organizations which offer 18,601 products nationwide. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period.
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Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider. Holy Schmidt! is not affiliated with the Social Security Administration, Centers for Medicare & Medicaid Services or any government agency.