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I retired in 23, worked since I was 15 y/o. No worries now and loving the retired life!

Lots of factors. I took mine at 68, could have waited till 70 as I was working and surely didn't need the income, so just put it back into the 401. I assure you I have never been a desk jockey as mentioned below, still trapping complaint beaver and pulling beaver dams in my 70's. My wife will take hers at 62, wants to work less, making less than the new limit of $22,300. Just thinking. If she waited till 70 she would get 50% more, but if inflation is at 5% that would shrink buying power by 40% so she might gain but 10%? Not really worth it as now she will have lots of time and freedom.

Is it two years back from when you file for Medicare? Example: You retire from your six-figure job and live off your savings/investments for 3 years prior to your 65th birthday then the computation would be based on your reduced income...correct?

I know seniors on advantage care denied treatment because referrals so sad .

I know alot of seniors that would have loved to stay on orginal medicare but cant afford it .

What are, Community Pricing, Attained Age Pricing, and Issue Pricing? Thanks

Poor health and lack of savings are two good reasons for taking ss early. The opposite (good health and good savings) are two good reasons to delay taking ss.

My prominence advantage just denied an mri requested by my dr. Said I can appeal. Really? X-ray wasn’t clear. They just want $$$. Healthcare is a scam! 😡

Hello- I started a few months ago on a medi gap N plan. On it for 6 months. 65yrs old. Can I go to an advantage plan because I now can not afford it.

My wife took 100% teachers' retirement at age 55. I took 100% SS at 62. We have enough retirement income that we max out a ROTH IRA with our retirement income every year. By doing this our daughter will basically be the beneficiary of both my wife's teachers' retirement and my SS. Also, I am on track to earn $36K in dividends in 2024. Financial advisors have nothing on me..

I completely understand that the big plus for Supplement Plans over Advantage is that you don't need pre-authorizations, that is whatever the doctor decides you need, you can get it. But may I offer the opposite side of the coin: Don't you want the insurance company to act as a "check and balance" to review the doctor's decision? After all, aren't you afraid that the doctor might order unnecessary procedures on you so they can make money? Don't doctors also have financial motives in their decisions?

if you live in poverty after you retire, what is the point in returning

Thank you I turned 65 in April but am in excellent health and am still employed full-time in U.S. aerospace defense. I have great insurance. When I turn 67 I can work full time and collect full Social Security with no penalty! If my great health continues I desire to work until I'm 72 (bank all extra money) then retire! How do I handle Medicare then?? Blessings to you for any answer you may give!!

None of us have any idea when we are going to die, so every year you wait, you lose that money forever. Much depends on how you feel about your work when you reach your early 60's; if you are happy working and making good money, you might want to put in another year or two; if you are stressed out, don't like work anymore, and you have enough saved to retire, then do so. All this equivocating about a few bucks per year is ridiculous if you aren't counting pennies. Believe you me, this first day you are retired, work is over and you are on permanent vacation. I don't even want to think about waiting to retire; then as soon as you do so, your health goes away, and you got no time to enjoy it. Work ain't fun for most; retire as soon as you can afford it, and not before you can't afford it. Retirement is the ultimate luxury. Selah.

What about for a wife that isn’t working anymore? I am 63 and no longer physically can work long hours

My thought process went like this, 1) no idea how long I will live 2) income from SS reduces the amount I need to draw from savings for all those years between 62 and 70 which extends my other investments. Retired at 61 started SS at 62 2 years later my wife started collecting at 62. Living very comfortably thanks to investments keeping up with withdrawals. Worked for us.

Went on SS as soon as I turned 65 and became eligible for medicare. We actually planned (gasp) for our retirement and even though Covid and health issues have prevented us from the travel we planned to do, we have enjoyed every minute of getting off that work hamster wheel and have never looked back. The key is living modestly and PLANNING for retirement.

Only thing that doesn' t make sense is you. Poor salesman/conman

Saying people are likely to live into their 90's tells me you are a salesman.😮

I'm just starting file for social security at age 67 but still working for now on employee insurance. I understand I should have enroll before 65 which I didn't know that I should.

With HDG, do excess charges count towards the deductible?

Sho us the States that taxes

Yap just keep on working thats the reality...

Get it before SS collapses and or the dollar resets!

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...

I'm thinking at 63 get an extra 200

How will this effect 401 ks

Oh my god I earn 60 to 65 a year. Am I in danger.

If I don't take it at 67 do I have to wait to 70 before I file again or can I file around 68 to 69. Just incase I need to?

That's where I'm at I'm 64 and a half and have not signed up for Medicare or ss. I'm still working full time and happy right now. I was born in 59. I'm trying to wait to 67 maybe linger before I file.

Can I go on Medicare before I begin to collect SS? I’ll be 65 this December and may begin Medicare A and B with the medical plan. Do I have to claim my SS benefits at that point?

People, this is an academic exercise. Appreciate it for what it is. If we knew when our mortality was this exercise wouldn’t be needed…it’s a data point to help make a personal choice.

My understanding is that a retirement benefit and VA disability does not count as income! SS retire at 62

Even though my 401 will be very healthy in my 60s (well above what the national average/median is), I am taking SS at 62. That's because I will have an 11yo child. So they get 50% of my FRA ! They'll get that for 88 months. Plus, my wife will get "Child-in-care" and receive 50% of my FRA for about 50 months till they reach 16yo. So while I am taking about a 2k hit from 62 to 70, combined I am making about 35% more than what I get at 70. When my wife's child-in-care ends, I'll make just $120 less then what I'd get at 70. Yes, before I am on medicare at 65 I have to get coverage (plus my family) But we are still ahead of the game. So for me, it's 62.

I drove trucks and worked in refineries and was disabled at 45. took SS at 62 and got CALPERS disability at 47. Glad to be out of the workforce for 26 years, albeit poorer than the Church mouse. My mom worked til 67, dead by 68. not for me! what gaurantee does anyone have that they live past 85 and waiting helps? plus, you have less energy each year, so you go out less and less.

The family and the Church and courts house and apartments and hotels and hostels and the land and the womb and our tears and blood are crying before God day and night for justice. 8 Drs and Norses came in my room held me tightly and gave 3 wrong injections for 45 minutes half dead. O God who has heard and seen all my suffering and tortured and tormented pleading justice. Why they did to me?The other day ,at the same time 3 nerses came took blood from my two hands and fainted and another nurse came she said you are too weak you can't get up and she helped me to sit down my unique God breathed in my nostrils. Amen! And 3 times hit my car deliberately by wicked people on the red light. My neck and shoulders and my chest and knee and back got injured but God delivered me and reserved me for His eternal kingdom forever. Amen. Before these girls came by old car and parked deliberately where I parked in the parking lot the car has smoke to destroy me and my car then I drove off my car. My unique God delivered me from dangerous and wicked plans and snares. Praise the LORD. And all my belongs stolen and destroyed by the devil vicious angels and 4 years I have been homeless later sleeping in the car no away to use toilet in the park and evil people follow me to destroy me it happened by organized racists and terrorists active. I had no money to live Sodom and gommora land and I was fired twice because religion violation I have been suffering and tortured and terrified and half dead and my life is from fire pan into fire. I pleading God stand by me! Amen. Some of the wicked ones who hurt me are in the tomb. I have seen when God commanded His rough judgment in the womb and in the land. God almighty is faithful He spoke it came to be and He commanded and stood fast. Ps33:9. Amen! My unique God have heard and have seen my tears boiled oil. I pleading God justice and to fight against my tyranny enemies. I am hurt worse than slavery. I have been treated badly my citizenship never protected me! Freedom and liberty and democracy were taken away from me. Still I am fragile and running for life. God almighty keep me as an apple of an eye and hide me under your wing and guide me by your eyes. Ps17:8 &32:8. Amen!! LORD Jesus my eyes are upon thee come soon to take us home and our eyes are upon God and it is time to act for this dying and broken world. Amen! Turn to God and seek God and live. Amen!No man is above the law and truth!

I just dropped plan g supplement. Too expensive

Always great content! Thanks!!

That's g.

Where is the link to the sample questionnaire to switch Medigap plans?

Thank You for taking the time to provide us the necessary information to make informed decisions.

Waiting just to get a bigger check will mean nothing when Death can take over without your consent. Enjoy your retirement as young as you can

Father died 34, mother 54, brother 58. It's an easy decision for me. Everyone has a different situation. Glad you will live so long. Enjoy the golden years

You’re full of shit too

If I pick original Medicare with a supplement plan (instead of an advantage plan).......can I still also keep and use my Pennsylvania Medicaid plan as well? Or are there rules against having original, a supplement, AND medicaid (as a secondary) all at the same time?

Don't take money you have been paying into your whole life, then die and get nothing, No thanks pal. Take it and work part time.

Éxcellent information!! Thank you👍🙏👍

70 is FULL retirement age. That's when you're topped out on SS. Call 67 as 100%, but that is just a number smoke n mirror VS 70 and maxed out.

I would like to add that no matter how old you are if you change from Original Medicare and go to Medicare Advantage, you can NEVER go back to Original Medicare. They don't tell you that, but its in the handbook you get every year.

What about SS becoming insolvent? Going broke? Idk, I might want to take it asap!