Social Security Strategies

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 3 October 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show: 0:04 Social Security Decisions 8:49 Investment Strategies for Retirement 9:07 Roth IRA Conversion Insights 14:30 Exchange-Traded Funds Explained 17:46 Closing Remarks and Resources Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series FX's The Bear is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:23.1	New season now streaming exclusively on Disney Plus.
0:27.1	18 plus subscription required season C's apply.
0:34.9	Reality radio for a really great future. We're talking money oh come on don't tell me do not tell me
0:43.1	my my entire life practically all at least my senior life my older life i have been planning on
0:49.9	taking social security when i'm 70 years old now I am now a few years from 70 and somebody's
0:58.2	saying I should take it, I should have taken it at 62. Give me a break. Hi, everybody. Don
1:05.0	McDonald here talking real money with Tom Koch. And what is this business about taking social
1:10.4	security early?
1:13.3	And this is something that comes up infrequently. People do ask us, look, for a couple
1:19.1	reasons. First, I'm not going to live that long. So I want the money. And how do you know that?
1:23.4	And you don't know that. Number two, wait, Social Security goes away in 10 years.
1:28.1	If they don't do something, well, take law as it is.
1:31.3	But the bigger one we get somewhat fairly often is I'll take my benefit and then I'll invest.
1:38.4	I won't spend that.
1:39.3	I'll invest it and I'll make more than the raise Social Security is going to give me over those eight
	...

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