(03) Social Security

Objectives

Out of Scope (but still important)

Out of Scope (but still important)

Delaying social security is an investment
Bond like with insurance characteristics
Think 70 rather than 62 or 67
Present value with discounting
TIPS Ladder while delaying

Out of Scope (but still important)

Out of Scope (but still important)

Out of Scope (but still important)

Divorced and single
Disability
Benefits for minors
Working while drawing social security
WEP and GPO have been repealed

Maximizing Sleep Benefits

Out of Scope (but still important)

Maximizing Sleep Benefits

Starting at 62 to sleep better
Rethinking the "Delay to 70 Rule"
Psychology
One cookie now or two cookies later

The Crown Jewel

Survivor and Spousal Benefits

Maximizing Sleep Benefits

Secure and Protected Income at the center covering Fixed Costs
RIA / IAR as a fiduciary
Delaying Social Security is the best investment for Retirement Income
Delaying is like purchasing a DIA
SPF 70

Survivor and Spousal Benefits

Survivor and Spousal Benefits

Survivor and Spousal Benefits

Older worker with higher income should delay for Survivor
Delay even if in poor health
Survivor can start one and switch to the other benefit
Spousal Benefit should wait until FRA

Present Value and More

Survivor and Spousal Benefits

Survivor and Spousal Benefits

Discounting at Real Risk Free Rate of Interest (TIPS)
Put money in the bank and let it grow
Maximize My Social Security
At least 15% is not taxed
Option to withdraw in first 12 months
Voluntary suspension at FRA or later