Maximize Your Social Security: Uncovering the Pros & Cons

Getting Retirement Right with Darrin McComas & Shon Peil

Unlock the secrets to maximizing your Social Security benefits with the right strategies!

In this episode of Getting Retirement Right with Darrin McComas and Shon Peil, you will learn how to maximize your Social Security benefits with the right strategies.

They discuss the three main options for filing for Social Security: filing early at age 62, filing at full retirement age, or filing after full retirement age until age 70. It is important to remember that every filing strategy needs to be customized to the individual's situation, as 96% of Americans choose the wrong time to turn on Social Security. Filing early can be beneficial for those with health issues, however it can cost people over $100,000 in benefits if done incorrectly. Delaying Social Security until full retirement age or later can provide an 8% growth in benefits annually and comes with cost of living adjustments "It's your money, but it seems like there's tricks. It's almost like you have to do certain things correctly to make sure you maximize the amount of money you receive." In this episode, you will learn the following:

1. How can you maximize Social Security income and make sure you get it right the first time?
2. What are the pros and cons of filing early vs. waiting until full retirement age?
3. What are the potential implications of Roth conversions on Social Security benefits?

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