Managing Your Financial Future with Lucia Capital Group
Managing Your Financial Future with Johnny Dean and "Professor" Rick Plum, CFP® Brought to you by the advisors and investment professionals at Lucia Capital Group, a registered investment advisor. Integrating financial planning and investing decisions, designed to help you reach your own financial goals. Want the best tips on which hot stocks you should buy this week? Go somewhere else - we don't do that. It's all about planning, strategy, managing your future and taking control of your financial life. Securities offered through LPL Financial, member FINRA/SIPC.
Managing Your Financial Future with Lucia Capital Group
Can Bucket 1 Actually Increase Your Social Security Benefits?
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The question of when to take your Social Security retirement benefits often comes down to whether you need the money now or can wait until later. Larger benefit checks await those who take it later, but is there a way to perhaps get the cash flow you need right now from another source while delaying your benefits as long as possible?
Bucket 1 may be able to help. By creating your own cash flow for 7 or 8 years, up until you turn age 70, you may be able to create a kind of "quasi benefit" and allow yourself to take those larger checks later on.
How might that work? Find out from host Johnny Dean and Rick "The Professor" Plum, CFP® on this week's episode of Managing Your Financial Future!