WATCH THE FULL VIDEO HERE!! What is the best age to claim your Social Security? Some say claim Social Security early at 62. Others say to start when you turn 65 or wait until your Full Retirement Age, or even max out Social Security at 70. Unfortunately, many times the Social Security calculators or advice given is wrong! Even if you have already started your Social Security, please forward this video to those who have not started it yet. That's why in today’s video, we are going to go against the most common suggestion: “maximize your Social Security or wait until your Full Retirement Age or even 70!” While there are cases to delay your Social Security, learn why maximizing your Social Security by delaying it until you are older “could actually hurt your retirement savings, increase your taxes, and your Medicare Part B and Part D premiums.” Pay attention to situations and a real-life example where claiming your Social Security early, even at age 65, might be the
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)