Social Security at 62 vs 70: What to Know Before You Claim

Would you take $20 now or $40 in a week? Deciding when to claim Social Security can feel like the same test, with far more money on the line. Sonoma Wealth Managing Principal Daren Blonski CFP® and Marketing Director Dano Weir are joined on It's All Money by Certified National Social Security Advisor Clay Dunkle CFP® to unpack when claiming may make sense and when waiting might cost you.

In this episode:

• Why a shrinking trust fund isn't the same as Social Security disappearing.

• The go-go, slow-go and no-go years, and why they could matter for your claiming age.

• A hypothetical example comparing claiming at 62, 67 and 70.

• Three claiming mistakes Clay has seen leave money on the table.

Full video available on our YouTube Channel: https://youtu.be/7TqbtJwMo_k

Book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis

CHAPTERS

0:00 Cold Open: $20 Now Or $40 Later?

0:56 Welcome: When To Claim Social Security

1:47 What Social Security Is Designed To Do