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𝚌𝚛𝚢𝚜𝚝𝚊𝚕 𐙚
𝚌𝚛𝚢𝚜𝚝𝚊𝚕 𐙚
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Thursday 17 September 2026 20:11:41 GMT
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Everyone tells you to delay Social Security, but that advice doesn't fit every situation... 🤔 Claiming at 62 means accepting up to a 30% permanent cut in your monthly benefit. That sounds terrible, right? But here are three scenarios where starting early actually makes sense: First—health concerns. If family history or medical conditions indicate you might not reach your 80s, collecting smaller checks for more years could mean more total money in your lifetime. Second—immediate financial need. When you can't continue working and don't have enough savings to cover expenses until full retirement age, those benefits become a necessary income source. Third—household benefit optimization. Sometimes it's strategic for one spouse to claim early while the higher earner delays, especially when planning for survivor benefits. Here's the key: the break-even point typically falls between ages 80 and 83. If you're unlikely to reach that age, you might actually collect more by claiming at 62. For help determining your optimal claiming strategy based on your specific situation, follow @RetireSmartTony for more retirement planning insights. Slalom Wealth Management is a registered investment adviser. This platform is solely for informational purposes and is not offering advisory services or sales of securities. Investing involves risk and possible loss of principal capital. Comments by viewers and/or recognitions are no guarantee of future investment outcomes and do not ensure that a viewer will experience a higher level of performance or results. Public comments posted on this site are not selected, amended, deleted, or sorted in any way. If applicable, certain editing of personal identifiable information and misinformation may be deleted. Slalom Wealth Management is a registered investment adviser serving families that are preparing for retirement or have recently retired. #SocialSecurity #RetirementPlanning #FinancialPlanning #RetirementIncome #PersonalFinance
Everyone tells you to delay Social Security, but that advice doesn't fit every situation... 🤔 Claiming at 62 means accepting up to a 30% permanent cut in your monthly benefit. That sounds terrible, right? But here are three scenarios where starting early actually makes sense: First—health concerns. If family history or medical conditions indicate you might not reach your 80s, collecting smaller checks for more years could mean more total money in your lifetime. Second—immediate financial need. When you can't continue working and don't have enough savings to cover expenses until full retirement age, those benefits become a necessary income source. Third—household benefit optimization. Sometimes it's strategic for one spouse to claim early while the higher earner delays, especially when planning for survivor benefits. Here's the key: the break-even point typically falls between ages 80 and 83. If you're unlikely to reach that age, you might actually collect more by claiming at 62. For help determining your optimal claiming strategy based on your specific situation, follow @RetireSmartTony for more retirement planning insights. Slalom Wealth Management is a registered investment adviser. This platform is solely for informational purposes and is not offering advisory services or sales of securities. Investing involves risk and possible loss of principal capital. Comments by viewers and/or recognitions are no guarantee of future investment outcomes and do not ensure that a viewer will experience a higher level of performance or results. Public comments posted on this site are not selected, amended, deleted, or sorted in any way. If applicable, certain editing of personal identifiable information and misinformation may be deleted. Slalom Wealth Management is a registered investment adviser serving families that are preparing for retirement or have recently retired. #SocialSecurity #RetirementPlanning #FinancialPlanning #RetirementIncome #PersonalFinance

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