7 GREAT REASONS to File for Social Security at Age 62

Navigating Social Security benefits can be complex, and this video explanation with Colin Exelby, CFP® breaks down key strategies for deciding when to file for benefits. Discover why the traditional break-even analysis is outdated, learn 7 compelling reasons to collect benefits early, and understand how personal circumstances like health, family dynamics, and financial markets can influence your optimal filing strategy. Whether you're approaching retirement or helping a loved one plan, this guide offers crucial insights to make an informed decision about one of the most important financial choices you'll make.

#SocialSecurity #RetirementPlanning #FinancialTips #EarlyRetirement #RetirementStrategy #PersonalFinance #FinancialIndependence #RetirementBenefits #MoneyManagement #agingwisely

00:00-Intro
00:08-Social Security Break-Even Analysis
00:36-The Numbers Behind 3 Social Security Claiming Strategies
03:32-Is This The Best Claiming Strategy?
05:30-The Bigger Picture: Why Break-Even Isn't Enough
06:58-7 Great Reasons to Collect Benefits Early
07:05- Reason 1: Health Considerations
07:35-Reason 2: Enhanced Quality of Life
08:44- Reason 3: Unlocking Family Benefits
09:45- Reason 4: Higher Spousal or Survivor Benefit
10:44- Reason 5: Financial Market Opportunities
11:49- Reason 6: Managing Provisional Income
12:24- Reason 7: Financial Necessity
13:10- Final Considerations: Don't Rush the Decision

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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:
*Optimize Your Cash Flow
*Minimize Your Taxes
*Build Your Net Worth
*Create a Lasting Legacy

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