3 Reasons You Might Take Social Security Immediately & Invest! (very controversial!)

(don’t forget to checkout the video of this blog too)

I’m often a huge advocate for delaying your Social Security in retirement.

That’s because Social Security grows at a guaranteed rate than can help you maximize a guaranteed, lifetime source of retirement income.

Also, by maximizing the higher earner’s benefit you maximize the spousal & survivor benefits as well….

Plus, it just makes sense not to pull the trigger too soon on a growing source of guaranteed income (especially if you have longevity in your family).

But, there some reasons you “may” consider taking Social Security immediately so that you could instead invest the proceeds.

Here are some reasons you may consider that strategy:

✅ You don’t need Social Security Income (at all) for Retirement

If you have plenty of retirement income taking Social Security Income early might make sense.

That’s because you can dollar-cost-average your Social Security dollars back into the market.

This gives you the opportunity to *potentially* outperform the 7–8% annual guarantees of Social Security in the market…

This strategy is much more likely to work if you invest for the long-term and do NOT touch the money for retirement income purposes.

✅ You Already Have A Continuation of Income Plan for a Surviving Spouse

One of the big benefits of delaying Social Security is The Survivor Benefit.

By waiting to take the income from Social Security you maximize the future income for your surviving spouse..

This protects your spouse from losing out on a much larger lifetime income source if you were to pass away early.

If you already have a pension or a joint-life annuity with a 100% survivor income….

Or if you have enough life insurance to create income for the surviving spouse, then you may be fine taking Social Security to further aid in a Wealth Transfer Strategy.

✅ You Are Really Optimistic & Disciplined With Investments

Some people are much more optimistic about the returns they can get in the market with their own investments.

If you have an intimate knowledge of investing in a certain industry & know you can be discipline…

You certainly could earn higher than 7–8% annual returns throughout retirement.

That could “potentially” enable you to leave more money to your loved ones (provided you have also adequately protected your assets from a possible long-term care event).

Like I mentioned earlier, I think it typically makes sense to delay your Social Security Income… but as you can see, not always….!

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