As of 2022, 61% of people claim social security before full retirement age, meaning they get a decreased benefit. Most would be better of waiting, so why is this number so high?

There's a few good reasons to claim Social Security benefits early, as Jake covers in this video.

0:00 Intro
0:40 Baseline Facts About Social Security Timing
1:56 Breakeven Age
3:01 Other Factors
3:44 Reason 1
4:06 Reason 2
5:10 Reason 3
5:27 Reason 4
6:21 Reason 5
6:45 Reason 6
7:18 Reason 7

Case Study where we suggested delaying until 67:    • I’m 60 And Want to Retire ASAP. Is $1...  

Check out our website! : https://www.sparkwealthadvisors.com/

Estimate your benefit with your earnings history:
https://www.ssa.gov/prepare/getbenef...

Quick calculator I used for the video:
https://www.ssa.gov/OACT/quickcalc/


*This content is educational and not tax, legal, or investment advice*