Tall Oaks Podcast
Educating and empowering individuals that want to have more effective engagements with professionals around their financial lives.
DISCLAIMER: Information presented is for your educational purposes only and should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented.
Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.
Tall Oaks Podcast
The Social Security Claiming Mistake Almost Every Retiree Makes
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Should you claim Social Security at 62, 67, or 70? That single decision can change your lifetime retirement income by $500,000 or more—and it's permanent. In this episode, Branden sits down with Steve Durdin, a New Jersey financial planner and Social Security expert, to break down exactly how to make this choice.
With 11,000 Americans turning 65 every day, most people are claiming too early and leaving hundreds of thousands of dollars on the table. We explain the three claiming ages—62 (early with permanent reduction), 67 (full retirement age), and 70 (maximum delayed credits)—and show you how to calculate which one makes sense for YOUR situation, including:
✅ How your highest 35 earning years determine your benefit
✅ Why claiming at 62 reduces your check by ~30% permanently
✅ How delayed retirement credits boost benefits 8% per year after 67
✅ Spousal benefits (50% of PIA cap) and why timing matters for couples
✅ Survivor benefits—why the higher earner's decision protects the surviving spouse
✅ Divorced spouse rules (10-year marriage requirement)
✅ Social Security taxation traps that catch even wealthy retirees
✅ Why you need to set up your SSA.gov account TODAY
Find Harvest Well Financial Partners here:
https://www.stevedurdin.com/
sdurdin@harvestwellfp.com
Find Du Charme Wealth Management here:
https://ducharmewealth.com
Phone:
(435) 288-3396
DISCLAIMER:
Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.
0:00 Claiming Ages And Program Pressure
3:06 Insolvency Myths And Trust Fund Math
10:04 Key Terms FRA PIA Earnings Record
14:28 Spousal Benefits And Timing Rules
24:07 Survivor Benefits And The Delay Advantage
30:18 Divorced Spouse Rules And Deemed Filing
35:53 Social Security Taxes And Planning Traps
42:17 Finding Help And Final Takeaways