Mastering Money 10/22/19

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Manage episode 244958819 series 1129321
By IQ Wealth Management and Steve Jurich. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Everyone knows how Social Security works—the longer you wait to start the income, the higher your future and permanent income will be when you finally turn it on. Your future income rises mathematically by a factor of five-point two-five percent until full retirement age, then eight percent a year until age seventy. You might think that most people wait until they can get the highest income by putting off Social Security Benefits until age 70. But statistics show that over NINETY-EIGHT PERCENT of Americans start their income much sooner. Is that a smart idea, or not so smart. Today, we'll outline the circumstances when taking your Social Security a bit early can but extra dollars in your pocket, then Steve has specific tips on how to build retirement wealth the SMART WAY... MASTERING MONEY is on the air!!!

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