When to begin collecting Social Security {PFP Section}

AICPA Personal Financial Planning (PFP)

Jun 16 2023 • 15 mins

The decision to wait until 70 to collect Social Security compared with starting as soon as possible is not as straight forward as it may seem. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS interviews expert Ted Sarenski, CPA/PFS to gain more insight into how to guide clients forward. They discuss:

  • What are the factors that need to be considered when making this decision
  • The straightforward scenarios and when things get more complex
  • Weighing the importance of winning the Social Security game or enjoying a comfortable retirement
  • How do CPA financial planners’ approach recommendations to be consistent and give their clients the best advice

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This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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