When Should I Take Social Security? [E131]

Business By The Numbers

In this episode of Business by the Numbers, we dive into the intricacies of Social Security and the critical decisions that can impact your retirement planning. Whether you're nearing retirement or planning ahead, understanding when to start collecting Social Security is vital for maximizing your benefits.

Key Points Discussed:

• The importance of consulting a financial advisor when considering retirement options and Social Security.
• How Social Security benefits are calculated based on your highest 35 years of earnings.
• The implications of taking Social Security benefits early, at full retirement age, or at maximum retirement age.
• Strategies for married couples, including how spousal benefits can influence your Social Security decisions.
• Why waiting until full retirement age often makes financial sense, especially if you're still working.

Thanks to our partner, NAPA TRACS

Did you know that NAPA TRACS has onsite training plus six days a week support?

It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.

Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com

Thanks to our partner, Promotive

It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.

Paar Melis and Associates – Accountants Specializing in Automotive Repair

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• Wrenches to Write-Offs
• Your Perfect Shop

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