Patience Pays up to 76% with Social Security (plus, how to collect it tax-free)

(don’t forget to checkout the video too)

On average, social security makes up approximately 40% of most retirees retirement income.

It’s one of the largest sources of income for most people plus it’s one of the only sources of guaranteed income for many people in retirement.

So I understand why you might want to turn the income for social security on immediately.

I mean you worked very hard contributing to social security for so many years that it makes sense to take it as soon as you can….

But, there is a lot of benefit to waiting (if you can).

If you can wait from age 62 to 70 you’re going to see an additional 76% of income from social security!

That’s a VERY substantial increase that can be used in so many ways:

✅ a hedge against inflation

✅ an additional income stream for long-term care

✅ and more income to protect your other assets

But the big benefit in delaying your social security is the additional 8 years you have to achieve a tax-free retirement.

This means you can spend or reposition MORE of your taxable assets prior to turning social security on.

This gives you a much better chance of actually collecting social security completely tax-free as well.

So while it’s tempting to take social security as soon as you’re eligible, there’s a lot of benefit in waiting.

And it’s been statistically shown that if you’re able to collect social security tax-free your retirement assets will last 5–7 years longer…🤯

Let’s chat 💬😎

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Enjoy this blog? You’ll probably enjoy this one as well: How to Create 65% More Retirement Income in 10 Years (comparing the market and income vehicles)

To your success,

Matt