Should You Claim Social Security EARLY to Invest??

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In this video, we tackle one of the biggest Social Security debates online: should you claim at 62 and invest the checks, or wait and let your benefit grow? We break down the math, taxes, earnings limits, and real market risk so you can choose the best strategy for your retirement.
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CHAPTERS
00:00 Overview
02:23 Two Choices, Big Differences
04:48 Social Security Calculation #1
05:06 The Math - Sort Of...
05:34 Income Tax
06:52 Working While Collecting Social Security
08:02 Things You Would Not Normally Have Done
09:19 Assumes No/Low Risk
10:58 More Than Math
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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. Geoff spends 100% of this time on financial education through digital media.


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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.