About this episode

This episode discusses the true value of Social Security benefits and the critical decisions surrounding when to claim them.

What if your Social Security benefit is worth far more than you realize, and the decision of when to claim it could be one of the biggest financial choices you'll ever make? As part of our "By the Numbers" series, topics covered in this episode include: Why Social Security should be viewed as an asset, not just monthly income How claiming at 62 vs. 67 vs. 70 impacts lifetime value The role inflation, taxes, and longevity play in your decision Common misconceptions about Social Security "running out" Practical steps to begin analyzing your own benefits today Today's article is from the Mr. Money Mustache blog titled The Shockingly Simple Math Behind Social Security . Listen in as Founder and CEO of Howard Bailey Financial , Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation. Show Notes: HowardBailey.com/570 📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu 📅 SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply…

People in this episode

Host: Casey Weade

Topics covered

• Social Security
• financial decisions
• retirement planning
• inflation
• taxes
• longevity

Keywords

• Social Security
• financial choices
• retirement income
• claiming age
• benefit analysis
• misconceptions

Mentioned in this episode

Organizations: Howard Bailey Financial

Books & works: The Shockingly Simple Math Behind Social Security

More episodes of Retire With Purpose - The Retirement Podcast

• 576: The Retirement Exercise That Changes Everything · July 17, 2026 · 22 min
• 575: Why Your Health Is Your Greatest Retirement Asset with Dr. Phil Pearlman · July 13, 2026 · 1h 2m
• 574: Why Most Stocks Fail (And What Retirees Need to Know) · July 10, 2026 · 33 min
• 573: The Life Transition Every Retiree Must Learn to Master · July 3, 2026 · 20 min
• 572: Is AI Carrying the Entire Stock Market? · June 26, 2026 · 21 min
• 571: You've Saved for Retirement — So Why Does Spending Still Feel Wrong? · June 19, 2026 · 24 min

Explore listener stats, chart rankings, contacts and more on the Retire With Purpose - The Retirement Podcast podcast page.