1801: [Part 2] Social Security: How Secure and When to Take It by JL Collins on Frugality & Investing

Optimal Finance Daily - Financial Independence and Money Advice

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🗓️ 13 February 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

JL Collins of shares his thoughts on social security and when to take it. This is part 2 of 2. Episode 1801: [Part 2] Social Security: How Secure and When to Take It by JL Collins on Frugality & Investing Mr. Collins is a senior executive with extensive P&L experience and a proven track record of growing revenue and profitability, integrating acquisitions, launching new products, developing and implementing business plans, creating powerful marketing strategies, building strong customer relationships and building effective teams. He is experienced in a broad range of markets including technology, automotive, investments, design engineering, electronics manufacturing, construction, horticulture and energy. Mr. Collins is also an accomplished consultant, author and speaker. He is retired, but continues to write on his blog. The original posts are located here: http://jlcollinsnh.com/2013/01/29/social-security-how-secure-and-when-to-take-it/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Big Brother sees you listening to podcasts big brother knows that you've heard so many that you think to yourself
0:07.6	I've got interests. I'm funny. Should I start a podcast the answer to that question is no big brother sees it all
0:17.6	The ultimate social experiment returns big brother starts the 8th of October on ITV 2 and ITV X
0:30.0	My old towels are horrifying. They're so scratchy and so thin, but Dunnell towels are satisfying. So soft we're drying
0:46.6	With the super soft towels your morning routine deserves from three pounds find everything you want all under one roof at Dunnell
0:53.8	They're home of homes shopping store and online
0:57.5	This is Optimal Finance Daily episode 1801
1:02.6	Social Security, how secure and when to take it part 2 by JL Collins of JL Collins NH.com
1:10.6	And I'm your host and personal finance enthusiast Diana Merriam
1:15.5	Now today's post is a continuation from yesterday
1:18.7	So if you're new here, I'd recommend listening to yesterday's episode first
1:23.3	But if you're all caught up, let's hear part 2 and continue optimizing your life
1:32.4	Social Security, how secure and when to take it part 2 by JL Collins of JL Collins NH.com
1:41.7	When should I begin taking the money?
1:44.8	Once you reach age 62 you can begin receiving social security
1:49.6	The catch is the sooner you start the smaller your checks
1:53.8	The longer you delay up until age 70 the bigger the check
1:58.4	Of course, the longer you delay the fewer the years you'll be collecting
2:03.1	Countless articles have been written about strategies attempting to answer the question as to when to begin receiving benefits
2:10.7	All kinds of fancies sometimes complex strategies are described
2:15.2	I've read a bunch and my view in the end is it's really pretty simple
2:19.6	Since the government actuary tables are as good as they get the payments are pretty much spot on with the odds
	...

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