Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement.

Hi, everyone and welcome to another episode of Ready for Retirement.

I'm your host, James Cannell, and today we're going to talk about when it makes most sense to collect Social Security.

This is one of the biggest questions that people have as they approach retirement. Yes, there's things like investments and yes, there's things like Medicare or

healthcare and yes, there's the question of how do I maximize my income, but one of the biggest,

most obvious decisions that people make as they approach retirement is when should I collect

social security. It's also a funny question that since that

almost everyone I talk to seems to have an opinion that one of their very smart friends told

them about Social Security. Some come to me and say, hey James, my friend told me Social Security.

It's going to run out. So I better collect as soon as possible so I can collect my benefit

while I can before it's out of money. Other people that come to me and say, hey, James, my friend told me that I need to wait until I'm

age 70 to collect because at age 70 my benefits maximized, so that's exactly what I'm going to do.

And that's great if you have very smart friends that really know you and your personal financial

situation really well, but that's bad if you don't have smart friends or they really don't know your specific and your personal financial situation really well, but that's bad if you don't have smart friends or if they really don't know your specific and your unique financial situation.

So what we're going to talk about today is what are six considerations that you should focus on

as you're looking to make this decision? Because really, you should have a comprehensive and a very

well-thought-out retirement plan or a financial plan that shows you

what are the best things for you to do throughout retirement. And Social Security and your

decision on when to collect should really fit into that. But to start, we're going to look at

six considerations that you should take into account as you're making a decision of what makes

...