TAKE Social Security EARLY!! || DO IT!

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Glad to hear someone say everyone’s situation is different and taking Social Security is dependent on their respective life situations, not a maximum payout nor number of payments made.

A dollar today is worth more than a dollar tomorrow.

I agree with you! I took mine (or will be this month) early at 62. I did the analysis and if I wait until I am 70 to file, I would not break even until I was 81. According to social security, my life expectancy is 85. Given that, I am not willing to take that bet for 4 years of benefit, especially given the time value of money of those cash flows. For me, a bird in hand is worth two in the bush.

Love this video! Thanks for doing this. You’re awesome, Drew! Glad to have you as my financial advisor.

My wife and I worked with Drew on our EKG and we’re so thankful we did .What you see is really how he is when you meet with him and his family at pearl wealth as he calls them. God bless

Thanks for the info, Drew. Your videos are priceless! I struggle with the question and you just made taking SS @62 more realistic!

People…pay off your homes BEFORE retiring! Work your tails off to become free of consumer debt…it will make your decision far easier if you have nothing but living expenses and putting away $$ for taxes, insurance, repairs on your homes. My mom passed away with a balance owed on her very modest home…she was 86 years old. Folks…please pay those homes off. Life will be far easier.

FINALLY at the very end you admit that everyone's situation is different, Social Security is not a one size fits all. I took SS at FRA 4 years ago which was 66 and it was the right decision for me but in my early 60's was time to build up my investments and savings as I had no debt and I actually had a great job. I enjoyed AND I was at the highest pay for my career so it was easy to put away extra money. My wife finally goes out at 70 this year and she's been on phased retirement working 15 hours a week so she gets out of the house and she has a decent pension. I count all our blessings and hope to leave our kids a decent inheritance.

Love this video Drew , finally someone willing to say it’s ok to take SS to pay for your wants , I turn 62 later this year and it will make a huge difference for the wants …

Great video, thank you!

Excellent conservative approach- Thanks!

I really liked this video. I have similar inputs and projected the same for when to take social security. Also I might l like to meet sometime in the future as I have family on both coast of Florida to discuss my options.

The numbers on the 62 yr old column dont seem to add up to me. How do you pull out 42k a year with a rate of return of 4% for 2 years and end up with more money than you started with? 550k with 4% RoR = 22k year.

Thank you

Great video, still unsure what to do myself. Retiring end of this year at 63 1/2 will have a pension of about 3100.00 per month. ( Has a guaranteed min 1 percent increase per year) Spouse is year older and took SS at 62 which only 1k month. Spouse family history no one has made it past 86 I guess I should have you look at this for me.

The math on the age 62 side seems off. Maybe you can explain how their investment went up from age 60 to 62.

Claiming SS can be a complicated process with a lot of moving parts: What other resources do I we have? How is my health? How will it affect my/our taxes? What about my spouse after I croak? But often it's just, "I'm sooo done with work, lemme outta here..."

Drew is on the money (no pun intended). Claiming SS depends heavily on your situation. My opinion... today, most people will have to work until at least 65 and unfortunately will have to wait to collect SS, because the limit on wages is $22K. For those who have enough to retire, they will have more options.

That was Awesome !! Great explanation. Omaha omaha 😂 love it.