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1 Understanding the Elegant Math Behind Modern Machine Learning 1:14:43
The Case for Patience: Why Waiting for Social Security Pays Off
Manage episode 456339427 series 2401634
In this episode, Tyler Emrick, CFA®, CFP®, explores the key financial and psychological factors driving early Social Security claims. Discover how a well-optimized strategy could boost your lifetime spending by more than 10%.
Your Social Security decision isn’t just about dollars and cents—it’s a critical piece of your retirement puzzle. Join us to learn how to sidestep common pitfalls, maximize your benefits, and secure a more confident, fulfilling retirement.
Here’s some of what we discuss in this episode:
- What research and stats tell us about the benefits that get left on the table.
- What’s the motivation behind the decision to claim early.
- Will Social Security still be around when it’s time for you to claim?
- What if President Trump stops taxes on Social Security?
- The benefits of waiting to take it later in life.
Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
166 פרקים
The Case for Patience: Why Waiting for Social Security Pays Off
Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®
Manage episode 456339427 series 2401634
In this episode, Tyler Emrick, CFA®, CFP®, explores the key financial and psychological factors driving early Social Security claims. Discover how a well-optimized strategy could boost your lifetime spending by more than 10%.
Your Social Security decision isn’t just about dollars and cents—it’s a critical piece of your retirement puzzle. Join us to learn how to sidestep common pitfalls, maximize your benefits, and secure a more confident, fulfilling retirement.
Here’s some of what we discuss in this episode:
- What research and stats tell us about the benefits that get left on the table.
- What’s the motivation behind the decision to claim early.
- Will Social Security still be around when it’s time for you to claim?
- What if President Trump stops taxes on Social Security?
- The benefits of waiting to take it later in life.
Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
166 פרקים
ทุกตอน
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1 The Advisor Premium: More Than Just Investment Management 36:18
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1 Home Sweet Retirement: A Guide to Your Perfect Retirement State 29:22
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1 Money, Memory, and Longevity: Navigating Retirement Challenges 25:34
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1 The Case for Patience: Why Waiting for Social Security Pays Off 31:43
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1 Part 3: The Long and Short on Tax-Aware, Long-Short (TALS) Investing 37:43
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1 Part 2: The Long and Short on Tax-Aware, Long-Short (TALS) Investing 48:43
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1 Part 1: The Long and Short on Tax-Aware, Long-Short (TALS) Investing 45:24
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1 S&P 500 or Die? A Case For Diversification 30:08
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1 Upcoming Tax Changes and How You Should Plan for Them 34:29
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1 Is the Fear of Running Out of Money in Retirement Overblown? 28:12
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1 Untangling The New Required Minimum Distribution (RMD) Rules 28:48
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1 What Really Matters In Retirement? Six Lessons from One Retiree 28:45
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1 Buffered ETFs: Market Downside Protection? Are They Right for You? 35:09
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1 How To Navigate Markets In An Election Year 29:39
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1 Social Security Timing: Reframing Your Thinking For Better Decision-Making 30:05
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1 Effective Estate Planning: Tips to Make Sure The Process Goes Smoothly And Money Goes Where You Intend 28:37
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1 The Disappearing Act of Retiree Health Benefits – What Options Do You Have? 39:12
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1 Retirement "Magic Numbers" Make Little Sense 39:44
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1 Real Estate, Taxes, & College Oh My! 59:11
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1 Historic Changes To The Residential Real Estate Industry Will Be Good For You (And Are Similar To Changes Occur-ring In Financial Advice) 30:32
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1 How to Avoid A Surprise Bill at Tax Time 29:28
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1 Smarter Ways To Financially Help Your Children & Grandchildren 32:24
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1 How Risky of An Investor Are You? 36:49
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1 What Do Clients Value Most in A Financial Advisor? 31:28
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1 How to Plan for RMDs (Required Minimum Distributions) 28:32
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1 New Year’s Resolutions – Better Yet Goals for Financial Success In 2024 28:21
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1 When Taking Social Security Early Makes Sense 25:02
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1 Constructing a Portfolio in Retirement 41:36
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1 8% Safe Withdrawal Rate In Retirement? What!! 28:28
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1 The Early Years of Retirement: Navigating Healthcare, Finances, and Tax Strategies 31:25
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1 Yearend Financial Check-up & Tax Moves 25:02
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1 Retirement Nest Egg: Having Enough & Making Sure It Lasts 33:18
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1 Avoid Losing $17K Yearly From Bad Investment Decisions 25:21
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1 Should Retirees Change Their Portfolio Strategy Based On Predictions of the US Dollar’s Demise? 21:59
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1 How Tax-Smart Income Targeting Can Allow You To Retire Earlier While Saving Taxes 34:25
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1 Income Targeting - Should We Even Care About IRMAA? 26:48
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1 Do You Have Unrealistic Portfolio Return Expectations? 27:53
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1 What’s The Big Deal With Roth Conversions And Why Should You Care? 19:39
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1 No More TINA - An Investment Update 34:34
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1 Your Wealth, Your Retirement – How Can You Do It Better? 34:47
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1 Portfolio Moves in Light of Recession Fears 26:36
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1 Social Security’s Uncertain Future & Impacts On Your Retirement 20:35
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1 Widowed in Retirement - How to Plan for the Financial Changes 26:31
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1 Bank Busts & Safeguards for Your Investment Funds 43:03
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1 How Much Is the Right Amount Of Cash? 20:53
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1 Nearing Retirement But Facing Potential Layoff? 19:15
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1 What are Retirees Doing After Poor Market Returns in 2022 26:08
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1 Secure Act 2.0 - Key Impacts on Your Retirement Planning 26:33
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1 Social Security - Planning Strategies, COLA, and Update 37:19
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1 Ep 113: Enhancing Your Charitable Giving 25:49
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1 Overcoming Financial Missteps & Inaction to Get the Help You Need 33:18
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1 Smartly Using Retirement Accounts to Optimize Your Retirement & Tax Savings 31:22
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1 Surprising Lessons on Stock Returns and Diversification 33:40
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1 It’s the End of the World as We Know It, and Why to Feel Fine 29:11
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1 Pension Lump Sums - You May Need To Act Now in 2022 34:13
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1 Understanding Your Retirement Plan Results 27:35
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1 Mailbag - Bear Market Investment Questions 30:15
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1 Interview with Retirement Researcher Dr. David Blanchett Part 2 27:13
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1 Interview with Retirement Researcher Dr. David Blanchett Part 1 27:11
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1 Ep 100: Not So Smart Things Even Smart Investors Do 31:15
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1 Ep 99: Whoa! Stocks and bonds both going down? What’s going on? 40:21
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1 Ep 98: Interview with Retirement Researcher Dr. Michael Finke Part 2 24:53
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1 Ep 97: Interview with Retirement Researcher Dr. Michael Finke - Part 1 44:16
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1 Ep 96: Rules Gone Awry, Part 5 - Retirement Healthcare Is Exorbitant 24:09
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1 Ep 95: Rules Gone Awry, Part 4 - The 4 Percent Rule 21:45
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1 Ep 94: Rules Gone Awry, Part 3 - The Rule of 100 13:29
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1 Ep 93: Rules Gone Awry, Part 2 - Take Social Security Early 24:28
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1 Ep 92: Rules Gone Awry, Part 1 - The 80% Spending Rule 21:03
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1 Ep 76: Your Hierarchy of Retirement Needs 36:01
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1 Ep 75: 10-Year Return Expectations 37:43
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1 Ep 74: Modeling Real Estate & Business Values In Your Retirement Plan 26:48
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1 Ep 73: What Age Should You Get Serious About Planning For Retirement? 23:56
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1 Ep 72: How Your Retirement Spending Is Likely To Change With Age 28:12
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1 Ep 71: Inflation Expectations & Implications On Your Investments & Retirement 31:17
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1 Ep 70: Free Money? More Stimulus Checks & Larger Healthcare Tax Credits 35:58
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1 Ep 69: Interview Questions To Ask A Financial Advisor 54:58
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1 Ep 68: My Journey As A Financial Planner 39:17
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1 Ep 67: Beyond Diversification: Terminal Wealth Dispersion 27:17
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1 Ep 66: Proper Investment Expectations & Standard Deviation 23:44
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1 Ep 65: Should You Continue To Hold An Underperforming Investment? 24:20
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1 Ep 64: Investment Lessons To Learn From 2020 29:00
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1 Ep 63: 3 Ways To Tax-Optimize Your Charitable Giving 34:33
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1 Ep 62: Pension Lump Sums: 2021 May Be The Best Year Ever 28:46
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1 Ep 91: What Retirees Want in a Home 28:58
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1 Ep 90: What Retirees Want in Time, Health & Relationships 27:17
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1 Ep 89: What Retirees Want: Work In Retirement? 23:53
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1 Ep 88: What Retirees Want: An Overview 23:31
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1 Ep 87: How Pre-65 Retirees Can Get a Huge Healthcare Tax Credit 27:38
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1 Ep 86: Cash Flow - Measuring & Monitoring the Heartbeat of Your Financial Planning 35:07
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1 Ep 85: What’s a “Conservative” Investor To Do These Days? 24:25
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1 Ep 84: Investment Allocation Update - Thinking About Your Investment Recipe 38:26
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1 Ep 83: Biden‘s ”American Families” Tax Plan - Key Changes & Planning Opportunities 33:31
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1 Ep 82: Social Security Update - Solvency, COLA, & Planning Strategies 32:45
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1 Ep 81: Math Mistakes in the Media, Investing, and in Understanding Vaccines 40:59
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1 Ep 80: Should I Sell a Stock With a Large Taxable Gain? 35:44
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1 Ep 79: Aligning Your Investments With Your Values 25:55
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1 Ep 78: Unexpected Benefits Married Couples Get From A Financial Advisor 23:51
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1 Ep 77: How Risky of an Investor Are You? (And How Do You Really Know?) 33:14
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1 Ep 61: The True Wealth Team Is Growing - Welcoming Ron Wyatt 29:19
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1 Ep 60: Why The Cheapest Investment Option May Not Be The Best 35:23
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1 Ep 59: Retiree Health Insurance Part 2: Pre-Medicare 42:27
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1 Ep 58: Retiree Health Insurance Part 1: Medicare 44:04
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1 Ep 56: Should The Election Influence Your Investing Strategy? 36:03
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1 Ep 55: Roth Conversion: Why 2020 Could Be The Best Year 33:58
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1 Ep 54: Should You Delay Retiring? 28:23
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1 Ep 53: Investing Vs. Speculating Part 2 35:52
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1 Ep 52: Investing Vs. Speculating Part 1 29:30
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1 Ep 51: Case Study: Retiring Before Age 60 & Before You Ever Thought You Would 33:47
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1 Ep 50: What To Do When Your Spending Goals Change After You Retire 27:53
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1 Ep 49: Potential Inheritance: Include In Your Retirement Plan Or Not? 47:39
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1 Ep 48: Why Big Tech Stocks Must Underperform 37:15
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1 Ep 47: Risks & Uncertainties in Pandemics & Retirement Planning 43:10
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1 Ep 46: Rebalancing Your Portfolio: Why, How & Complexities to Overcome 32:05
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1 Ep 44: Am I Going To Be Okay? Looking Back On A Client's Retirement Plan Execution In Light Of The Coronavirus 32:09
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1 Ep 43: Financial Planning To-do's During Market Declines 32:52
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1 Ep 41: Coronavirus & Your Investment Strategy Part 2 35:10
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1 Ep 40: Coronavirus & Your Investment Strategy Part 1 31:42
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1 Ep 39: IRA Owners: 3 Key Changes By The SECURE Act 47:02
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1 Ep 38: Pension Lump Sum or Monthly Payment? 33:11
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1 Ep 36: Snowbirds: Documenting Ohio Nonresidency 32:33
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1 Ep 35: Snowbirds: 4 Financial Tips 36:42
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1 Ep 34: Case Study: Tax-Smart Distribution Planning 43:55
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1 Ep 32: Top 10 Best Retirement Cities 34:28
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1 Ep 16: Retirement Income Planning Series - Part 1 15:21
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1 Ep 15: Integrated Advice Is Better Advice 31:14
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1 Ep 14: Long-Term Return Expectations 34:31
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1 Ep 13: Beating Up On Variable Annuities 32:58
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1 Ep 12: Behind The Curtain Of Annuities And Free Steak Dinners 29:39
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1 Ep 11: Not Resolutions - Set Goals The Right Way To Start The New Year 24:57
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1 Ep 10: Rules Gone Awry - A Lower Tax Bracket Part 2 29:09
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1 Ep 9: Rules Gone Awry - A Lower Tax Bracket Part 1 22:40
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1 Ep 8: Exorbitant Health Care Costs 25:35
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1 Ep 7: Rules Gone Awry - The 4 Percent Rule 21:42
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1 Ep 6: Rules Gone Awry - The Rule Of 100 12:28
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1 Ep 5: Rules Gone Awry - Take Social Security Early 26:45
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1 Ep 4: The Wisdom In Ignoring The 80% Rule 21:34
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1 Ep 3: Quit Obsessing Over A "Stress-Free" Retirement 22:15
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1 Ep 1: Be Realistic About Your Retirement 31:56
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