When Should You Take Social Security? (Don't Screw This Up) - 574
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 790 Ratings
🗓️ 24 March 2026
⏱️ 45 minutes
🧾️ Download transcript
Summary
Joe Anderson, CFP® and Big Al Clopine, CPA focus on Social Security claiming strategies as part of the retirement spitballs, today on Your Money, Your Wealth® podcast number 574. Bijou Plutus and her husband in Massachusetts are 62 and 64 with about a million dollars. Can she retire at 65, and should he claim Social Security early? Dr. Jekyll and Mrs. Hyde in the Twin Cities have about the same at 51 and 49, plus big pensions and high spending. Can they afford to retire early, and when should they claim Social Security? Diggler and Roller Girl in Tennessee are 57 and 58 with about $600K, and Diggler estimates his Social Security break-even is at age 77. Can he collect Social Security early and simply work recreationally?
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https://bit.ly/ymyw-574 (full show notes & episode transcript)
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Chapters:
00:00 - Intro: This week on the YMYW Podcast
01:07 - 62 and 64 with About $1M. Can I Retire at 65? Should Hubby Claim Social Security Early? (Bijou Plutus, MA)
11:52 - Can We Retire in Our 50s With Pensions and High Spending? (Dr. Jekyll & Mrs. Hyde, Twin Cities, MN)
29:53 - Social Security Break-Even at 77. Claim Early and Work Recreationally? (Diggler & Rollergirl, 57 & 58, Tennessee)
42:52 - Outro: Next Week on the YMYY Podcast
Transcript
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| 0:00.0 | Joe and Big Al focus on Social Security claiming strategies as part of the retirement spittballs today on Your Money, Your Wealth podcast number 574. |
| 0:09.1 | Bijou Plutis and her husband in Massachusetts are 62 and 64 with about a million dollars. |
| 0:14.8 | Can she retire at 65 and should he claim Social Security early? |
| 0:19.4 | Dr. Jekyll and Mrs. Hyde in the Twin Cities have about the same at 51 and 49, plus big pensions |
| 0:25.5 | and high spending. |
| 0:26.7 | Can they afford to retire early? |
| 0:28.5 | And when should they claim Social Security? |
| 0:31.0 | Diggler and Roller Girl in Tennessee are 57 and 58 with about 600K, and Diggler estimates his Social Security break-even is at age 77. |
| 0:40.3 | Can he collect Social Security early and simply work recreationally? |
| 0:45.3 | If you're listening in Apple Podcasts right now, do us a favor and leave your honest rating and a review. |
| 0:50.3 | If you're listening on Amazon, Audible, Cast Box, Good Pods, Pandora, Player FM, podcast |
| 0:55.3 | addict or Pod Chaser, you can rate us there too. It helps a lot when you do. I'm executive producer |
| 1:00.6 | Andy Last and here are the hosts of your money, your wealth, Joe Anderson CFP, and Big Al Clopine |
| 1:06.3 | CPA. Hey God. Hello, Joe, Big Al, and Andy. Love your information and entertaining podcast. I know this sounds geeky, but I get a spark of joy when your money or wealth drops into my podcast queue each Tuesday. |
| 1:20.4 | Wow. Geeky. That doesn't sound. I do too. That means that something's working. |
| 1:26.1 | Sounds lovely. |
| 1:28.2 | Right. |
| 1:28.8 | All right. |
| 1:35.1 | Hey, I wanted to request a spitball for some time, but I have been embarrassed by modest numbers compared to most of your listeners. |
| 1:37.6 | But here it goes. |
| 1:38.8 | Oh, don't worry about it. |
| 1:39.9 | Yeah, don't worry about it at all. |
... |
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