Welcome to the Jill on Money Show. It's Sunday, September 15th. And today and yesterday, by the way, we are talking about Social Security and we are so lucky because we have a portion of the

webinar that we conducted with Heather Shriver. She is a Social Security

expert and her mission is to educate consumers so that we can actually navigate our retirement

choices with more confidence. Today with Heather, we are going to talk about the three key

ages to keep in mind when claiming Social Security.

Here is the second part of our interview with Heather Schreiber.

There are three important ages. There is 62, there's full retirement age, let's call it

67 for now and there's 70. So at 62 it's the loser deal of the century. Like

you better have a really rotten diagnosis or health

outlook to take 62, correct? Well here's what I'd say about you need the money. Well okay

you just you just took so here's what I say first of all run from anybody who says everybody should do this this or this okay I don't like that because you are not anybody you're not everybody first of all. There are certain situations and Mark took

with words out a lot I mean some people unfortunately have to do it okay they're

either very sick or they can't work. They absolutely have no other choices, okay? But in general, taking

at 62 is probably my last choice. And I think that more consumers are getting educated because that actually isn't the normal age anymore.

It's turning to be more closer to 65 is now the average age.

So I'm starting to believe in hope that that's because people are

starting to understand and realize that this is for a lot of people one of the few

guaranteed income sources that has an inflationary hedge. We need that. Lord knows we need that now. And so we're all living longer. And we all tend to underestimate how long we'll live so I think 62 generally I wouldn't

encourage it and certainly there's some rules that go with that I mean you can't

work and make too much money and do it and you're and people also aren't thinking about if you're married,

that brings a whole host of issues,

especially if you're the higher earning spouse.

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