Ep. 308 | Waiting Until 70 for Social Security Has a Blind Spot

Should you claim Social Security at 62 or wait until 70? Waiting can produce a much larger monthly benefit, but delaying also means your retirement plan has to fund the years in between. In this episode of The Financial Mirror, we compare claiming Social Security at 62 versus waiting until 70 and look at how each strategy affects the rest of your retirement plan. We cover: • the eight-year funding gap • how portfolio withdrawals can change the decision • why break-even age does not tell the whole story • sequence-of-return risk • longevity and guaranteed income • spousal and survivor considerations • how retirement savings can influence the best claiming strategy The goal is not to argue that everyone should claim early or everyone should wait. The better question is: If I wait, what exactly is funding the years in between? Because the biggest Social Security check is not always the best Social Security strategy. This episode is for educational purposes only and is not individualized financial, tax, legal, or investment advice. STORE: https://www.thefinancialmirror.org/shop  SOCIAL: YouTube: https://www.youtube.com/@thefinancialmirror Rumble: https://rumble.com/TheFinancialMirror Facebook: https://www.facebook.com/thefinancialmirr0r X: https://twitter.com/financialmirr0r Instagram: https://www.instagram.com/thefinancialmirror/ Podcast: https://creators.spotify.com/pod/show/thefinancialmirror FINANCIAL COACHING: https://www.thefinancialmirror.org/ #SocialSecurity #RetirementPlanning #RetirementIncome