Should you spend your own money to delay Social Security?

Published: 05 March 2024
on channel: Antonio Cibella - Vision Wealth Management
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Should you spend your own money to delay your Social Security and create a larger benefit? When to elect Social Security, and whether to claim early or defer your benefit is one of the most important questions you will face in retirement.

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Whether you should claim Social Security at 62, 67, or 70 is one of the most challenging questions a retiree will face. One strategy that has become popular with retirees is to spend your own portfolio assets while deferring Social Security to create a larger future benefit.

We'll compare spending down a portion of your portfolio to create a larger Social Security benefit versus claiming your benefit and starting Social Security in the video.


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