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Published: Sept. 5, 2022, 8 a.m.

The decision of when to take Social Security is one of the biggest that you will face in retirement. Many people turn to Social Security break-even calculators to help them make the decision, but my guest today insists that this shouldn\u2019t be your only deciding factor.

Social Security expert,\xa0Devin Carroll from\xa0 SocialSecurityIntelligence.com\xa0 joins me today to discuss all things Social Security. We\u2019ll touch on the break-even math, including where it works and where it doesn\u2019t, cost of living adjustments, the possibility of the Social Security system going bankrupt, and how Congress could fix the Social Security funding problem.\xa0

Since Social Security is such an important part of retirement planning you won\u2019t want to miss this episode.\xa0

Outline of This Episode

• [1:22] The break-even calculator has been used for years to help people decide when they should file
• [5:36] An example of how the break-even calculator could work
• [8:02] Why very few people wait until 70 to file
• [8:50] What\u2019s next for the cost of living adjustment
• [12:42] Will Social Security go bankrupt?
• [16:08] How could the government fix Social Security problems?

Resources & People Mentioned

• Rachel Greszler

Connect with Devin Carroll

• Devin\u2019s Social Security calculators
• SocialSecurityIntelligence.com
• Devin\u2019s YouTube channel

Connect with Benjamin Brandt

• Get the Retire-Ready Toolkit:\xa0http://retirementstartstodayradio.com/
• Follow Ben on Twitter:\xa0https://twitter.com/retiremeasap
• Subscribe to the newsletter:\xa0https://retirementstartstodayradio.com/newsletter

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