Social Security break-even age — it sounds simple, but most people calculate it wrong. In this episode, Erik Soderborg sits down with Zacc Call, president of Capita Financial Network, for Part 3 of our 4-part Social Security series. We walk through how to actually calculate your Social Security break-even age and break down the 3 most common mistakes that lead to an inaccurate number — and potentially a bad filing decision.
We cover why ignoring the Cost of Living Adjustment (COLA) skews your break-even, why Social Security filing needs to be a team decision with your spouse, and why you can't ignore the investment growth you'd get by leaving your portfolio untouched while delaying benefits.
Whether you're 62 and deciding when to file or still a few years out, this episode gives you the framework to make a smarter, more informed decision.
📌 Watch the full Social Security series:
▸ Part 1: https://youtu.be/AZfxGBp-Mts
▸ Part 2: https://youtu.be/Ssgulq9KwEU
▸ Part 4: https://youtu.be/vDxe7vUxC1I
🔗 Want help building a retirement income plan that accounts for Social Security, taxes, and investments? Visit https://theretirementnerds.com/ to connect with our team.
⏱️ Timestamps:
0:00 Intro
1:38 Break Even Basics
5:13 Mistake #1: COLA
6:52 Mistake #2: Team Sport
9:18 Mistake #3: Growth on Growth
17:37 Example 1: Same BD, Similar Benefits
27:49 Life Expectancy Ideas
29:59 Example 2: Different BD, Different Benefits
40:33 Where to Get Help
Check out our resources at https://TheRetirementNerds.com/
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Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.
Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast.
Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.
