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Big Picture Retirement®

Most Common Filing Age, Roth Conversions, and More

Big Picture Retirement®

Devin Carroll

News, Business News, Investing, Business

4.7546 Ratings

🗓️ 14 August 2023

⏱️ 20 minutes

🧾️ Download transcript

Summary

 In today's episode, Devin answers some of the most common questions he receives.
  • What's the most common age to file for Social Security?
  • Social Security Income Limit: Single or Joint Income?
  • Full Retirement Age Increasing to 70?
  • Spousal Benefits Calculation
  • Can I undo a Roth Conversion?

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Transcript

Click on a timestamp to play from that location

0:00.0

The Big Picture Retirement Show does not provide tax, legal, or financial advice.

0:04.3

Listeners are encouraged to seek out their own advisors in these areas.

0:10.6

Hello, everyone. Welcome to the Big Picture Retirement Show. I'm your host, Devin. And today,

0:15.5

I'm in the studio all by myself. John is out recovering from a surgery. So we send our best wishes to him, and he will be

0:23.1

back in soon. But I thought this would be an excellent time to go back and look at some of these

0:29.0

questions we've received and kind of look at the questions that we've gotten the most of

0:35.2

and answer those on the show today.

0:38.3

Now look, if you want to leave us your questions, there's a couple of ways you can do that.

0:41.3

Number one, you can go to big picture retirement.com, leave us a voicemail there.

0:45.3

And occasionally we will do a show where we actually play those voicemails.

0:49.3

So just understand your voice and your first name at least is going to be used in the show.

0:53.3

But then the other way is you can go to the Facebook page,

0:56.7

Big Picture Retirement on Facebook,

0:59.1

and you can leave us a question there.

1:02.4

And in most cases, it's going to be answered there.

1:04.8

But if we think it has brought a pill,

1:06.9

then we're certainly going to pull it over here to the podcast as well

1:10.7

so we can get that out to a larger audience.

1:12.9

Okay, let's get to the first question.

1:15.1

And this was from someone who asked me, what's the typical age that most people file for Social Security?

1:24.3

Now, this is an interesting question because this is actually changing. You know,

1:28.4

for years, claiming at 62 was the most popular age, but over the past several years, as we've looked

...

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