Mike Piper: Delaying Social Security Not Always a Good Deal

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 28 April 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

The author and Social Security expert discusses the best and worst times to claim Social Security, Roth versus traditional IRAs, and how retirees can protect against a weak market.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York, purchase New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.5	Hi, and welcome to the Longview. I'm Jeff Patak Chief Ratings Officer for Morningstar Research Services.
0:37.8	And I'm Christine Ben's Director of Personal Finance for Morningstar.
0:41.6	Our guests on the podcast today is Mike Piper. Mike is the author of several personal finance books,
0:47.2	including Can I Retire, Social Security Made Simple, Taxes Made Simple, and Accounting Made Simple.
0:54.6	Mike also writes a wonderful blog called Oblivious Investor, which you can find at www.org
0:59.8	www.com.
1:02.7	He's also developed a free tool for exploring Social Security claiming decisions called Open Social Security.
1:10.2	Mike is a CPA, and he's a fount of wisdom on social
1:13.0	security and tax planning matters. Mike, welcome to the Longview. Thank you for happening.
1:19.6	Your books are really inexpensive. Your social security calculator is free. Your website is free.
1:26.4	You could only operate with the philosophy that you want to
1:29.1	give people easy access to your expertise. Can you discuss your thinking and in your business model?
1:36.2	Sure. As far as a business model, it's very straightforward. It's just selling books on Amazon,
1:42.2	bringing in traffic through an assortment of places, and then
1:45.8	selling books on Amazon. As far as the line of thinking, a lot of the best financial advisors
1:51.6	out there cost a lot of money, which makes sense, right? Because they can provide a lot of value to
	...

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