If I want to retire early, should I take social security at 62 or 67 with $1 million in assets? How can I maintain my retirement income and expenses? What is the best age for me and my spouse to file for social security so my money can last? In this video, Troy discusses the differences between taking social security out at 62 or 67 and how long it can last you.
00:00 Learn more and Subscribe to Our Channel
01:10 Your Individual Circumstances and Social Security
02:44 Factors of Social Security within Your Retirement Planning
03:15 Retirement Expenses and Retirement Income
04:30 Social Security benefits at age 62
05:48 The GoGo Spending Period Charts
07:00 Simulation with $1 Million in Assets
07:45 Bad Decisions in Your Retirement
08:10 Social Security at 67
09:50 Waiting until age 70 for Social Security
10:51 Stay connected to your Retirement Plan
11:00 Dynamic Spending Plan
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Disclaimer:
This video discusses fixedincome investing and utilizes the 10year U.S. treasury as a general representative fixedincome investment. Conclusions reached, opinions stated, and downside risks and potential returns presented should not be construed as applying to other types of bonds or fixedincome assets. Other types of fixedincome products carry different levels of risk and return potential and should be evaluated as an element of a diversified portfolio with your specific risk tolerance, investment objectives, and timeline in mind. Nothing in this video is investment advice, an investment recommendation, or an offer to buy or sell any security. Investing involves risk.
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