In this video, Colin Exelby, CFP® breaks down a key segment from Dave Ramsey's discussion on the best time to collect Social Security.
With over 24 years of experience as a financial advisor, I’ve seen firsthand that there’s no one-size-fits-all answer. Together, we’ll analyze the pros and cons of filing early, the impact of income limits, potential tax consequences, and whether investing early benefits can truly outperform delaying. Dave’s advice works for many—but is it the right fit for you? Let’s dive in and see! Don’t miss my final takeaway on making the smartest Social Security decision for your future.
00:00-Introduction 01:10-The Question 02:44-The Trick to Knowing When to Collect 04:45-How Much Can You Earn and Still Get Benefits? 06:50-What Income Counts Towards Reducing Benefits? 07:50-File and Invest vs Waiting to Collect 09:00-Testing Dave's Theory 13:36-2 Key Things to Remember
[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.
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