The recent 2021 Social Security Trustees report finds that in 2034, retirees will start receiving a reduced benefit (78%) if Congress doesn’t fix funding issues for the social program. That sound scary and urgent. What then? In this episode, Caroline and Tim discussed the following questions: What do we think Social Security will look like in the future? At what age or milestone in life should one take Social Security? What does that conversation look like? What are some reasons to take it earlier vs. later? How does that impact your investment? Can one take it while still working? How is the benefit calculated? Taking Social Security is not just what makes sense mathematically, but also in terms of lifestyle. Like Tim said, the value of happiness matters just as much as the value of dollars!
