7 GREAT REASONS to File for Social Security at Age 62

Navigating Social Security benefits can be complex, and this video breaks down key strategies for deciding when to file. Discover why the traditional break-even analysis is outdated, learn 7 compelling reasons to collect benefits early, and understand how personal circumstances like health, family dynamics, and financial markets can influence your optimal filing strategy. Whether you're approaching retirement or helping a loved one plan, this guide offers crucial insights to make an informed decision about one of the most important financial choices you'll make.

#SocialSecurity #RetirementPlanning #FinancialTips #EarlyRetirement #RetirementStrategy #PersonalFinance #FinancialIndependence #RetirementBenefits #MoneyManagement #agingwisely

00:00-Intro

00:30-Understanding The Break-Even Analysis

01:15-When Should You Turn On Social Security?

03:36-Here's How the Numbers Look

04:50-Is This The Best Strategy?

06:45-The Bigger Picture:Why The Chart Isn't Enough

08:15-7 Great Reasons to Collect Benefits Early

08:20- Reason 1: Health Considerations

08:55-Reason 2: Enhanced Quality of Life

10:00- Reason 3: Unlocking Family Benefits

11:00- Reason 4: Higher Spousal or Survivor Benefit

12:00- Reason 5: Financial Market Opportunities

13:05- Reason 6: Managing Provisional Income

13:40- Reason 7: Financial Necessity

14:26- Final Considerations: Don't Rush the Decision

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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

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