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Aug. 17, 2022

6 Social Security Mistakes you NEED to Avoid

6 Social Security Mistakes you NEED to Avoid

In this episode, Host Joe Allaria, CFP® answers a listener question about how to estimate life expectancy for the purposes of building your financial plan, and he also explains six of the biggest and most common mistakes that retirees are making in regard to Social Security, including:

  1. Starting benefits too early
  2. Not coordinating benefits for married couples
  3. Not maximizing survivor benefits
  4. Not maximizing divorced benefits
  5. Relying on the Social Security Administration for advice
  6. Thinking all Social Security decisions are final

Resources mentioned in the show

  1. SSA Life Expectancy Calculator
  2. Living to 100 Life Expectancy Calculator
  3. Effect of Early or Delayed Retirement on Retirement Benefits
  4. Earnings Test Income Limits Chart (SSA)
  5. Social Security: What Would Happen If the Trust Funds Ran Out?

Submit Your Questions
To submit a listener question, visit our website HERE and enter the details of your question.

Disclaimer: All material discussed on this podcast is for educational purposes only and should not be construed as individual tax, legal, or investment advice. Investing involves risk of loss and investors should be prepared to bear potential losses. Past performance may not be indicative of future results. Joe Allaria is an Investment Adviser Representative of CarsonAllaria Wealth Management, a Registered Investment Advisory firm. Information discussed on this podcast may be derived from third parties that are believed to be reliable, but CarsonAllaria Wealth Management does not control or guarantee the accuracy or timeliness of such information and disclaims all liability for damages resulting from such sources. Any references to third parties are provided as a convenience and do not constitute an endorsement.

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