Claim Social Security at 62 or 70? By 80 the Difference Is Almost Nothing
Claim Social Security at 62 or 70? By 80 the Difference Is Almost Nothing
The waiting was never about the math. It was about a rule you inherited and never questioned.
Subscribe Now! Let's move forward together and keep your money in your pants.
Somewhere along the way, women over 50 finances came with a rule: the responsible thing is to wait. So the second you think about claiming social security at 62, the money shame starts and the money anxiety keeps you doing 2am math. This episode is money psychology applied to one decision. I ran the totals to 80 for starting at 62, at 65, and at 70, and the answer surprised me. The difference after 18 years? $2,400. One monthly check. Whether you are starting over at 50, carrying no retirement savings at 50, or planning the income after 50 you will live on, three questions hand this decision back to you. The totals are at 4:27 if you want the numbers first.
In this video:
- The runway question: the question that reframes women over 50 retirement, and it has nothing to do with your bank account
- Where the shame comes from: the money mindset women over 50 were raised on, and the money beliefs behind the financial shame and money guilt of filing first
- The totals to 80: the social security tips nobody runs for you, and why the late start retirement gap shrinks to a single check
- The regret test: how women financial regret flips with time, and what fear of money does to the years you spend waiting
- Ten minutes of homework for social security women deciding between 62 and 70: three estimates, three totals, and the retirement planning for women that ends the money stress, the financial anxiety, and the financial fear
You made the call that nobody else can.
——
🌐 Website: https://moneyandmotionpodcast.com [https://moneyandmotionpodcast.com]
Get Your Workbook Here: https://josefina588.gumroad.com/l/twxuq [https://josefina588.gumroad.com/l/twxuq]
▶ Watch next: 5 Income Streams Women Over 50 Can Start Now → https://www.youtube.com/watch?v=SXa2sUAdpMo [https://www.youtube.com/watch?v=SXa2sUAdpMo]
Chapters:
0:00 The question: can I start collecting at 62?
0:51 How your check is calculated
1:20 Question one: the runway question
2:09 Sandy, shame, and the waiting rule
4:27 Question two: the totals to 80
5:50 Question three: the regret test
7:07 The decision is yours
The content on this channel is created for informational and entertainment purposes only and reflects Josefina's personal opinions based on her life experience and independent research. Josefina's opinions do not reflect those of her employer. Josefina is not a licensed attorney, CPA, insurance agent, or financial advisor. Nothing on this channel should be considered tax, legal, insurance, safety, or financial advice. When specific stocks or companies are mentioned, Josefina may hold a personal ownership interest. This channel may include affiliate links. Any offers, rates, or figures discussed are subject to change, so always verify current terms directly with the source. Some offers mentioned in older videos may no longer be available. Do not make buying or selling decisions based solely on this content. For guidance specific to your situation, consult a qualified professional. Always do your own due diligence. Thank you for being part of the Money and Motion community.
📚 Sources:
• Chetty, R., et al. (2016). The Association Between Income and Life Expectancy in the United States, 2001–2014. JAMA.
• Gilovich, T., & Medvec, V. H. (1995). The Experience of Regret: What, When, and Why. Psychological Review.
#WomenOver50 #MoneyAndMotion #SocialSecurity
