Why So Many Americans Are Claiming Social Security Early in 2025
Big Picture Retirement®
Devin Carroll
4.7 • 545 Ratings
🗓️ 22 September 2025
⏱️ 25 minutes
🧾️ Download transcript
Summary
So far in 2025, early Social Security filings have jumped dramatically compared to last year. Nearly half of those filing early say they're doing so because they're worried about cuts. But will filing early really help? In this episode, we talk about what the data shows, what most people get wrong about Social Security cuts, and how to think about your filing strategy with clarity, not fear.
Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.
📍Contact Devin's team at https://carrolladvisory.co/podcast1
📍Contact John's team at https://www.rossandshoalmire.com/
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Transcript
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| 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. |
| 0:10.7 | Hey, everyone, welcome to the Big Picture Retirement Show. |
| 0:13.4 | I'm your host, Devin. |
| 0:14.3 | joined by my co-host, John Ross. |
| 0:16.4 | Howdy. |
| 0:24.5 | John, Social Security's a big topic. |
| 0:25.0 | Always. |
| 0:27.0 | I'm always hearing from people about Social Security. |
| 0:28.6 | You know what the big question is, right? |
| 0:30.3 | Everybody knows what the big question is. |
| 0:30.6 | Devin. |
| 0:31.4 | When do I file? |
| 0:32.9 | Yeah, what do you think the best age is to file? |
| 0:36.8 | And, you know, we certainly don't go down the road of conventional wisdom. |
| 0:45.5 | You know, so, for example, well, Mr. Ross, I think you should file at 70 and your lower earning spouse should file at 67. |
| 0:46.6 | That's what you read. |
| 0:47.5 | But that's nonsense. |
| 0:50.7 | That's just to make our jobs as financial advisors easier. |
| 0:52.7 | And we don't actually have to get into the data. Right. |
| 0:53.1 | That might be right. But if it's not based on a thorough understanding. Yes, some data, right? Right. You know, I have a group of clients that love to ask the question, why. Yes. Such a simple question, but so hard to answer sometimes, right? Right. Because then you've got to go into the background of why and show them data. |
| 1:11.3 | But, you know what? I enjoy that. I'd like going into the details and showing people why we |
... |
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