✅ Chapter Medicare Advisers: http://askchapter.org/schmidt (affiliate link and number). 1-440-703-1224
The Social Security Administration used to teach people about Social Security breakeven as the primary way to decide when to claim benefits. But here's the shocking truth: the majority of people completely ignore breakeven math and take Social Security at 62 anyway. Why? Because Social Security breakeven calculations miss crucial real-world factors that actually matter to your financial future. From family circumstances to health issues, from survivor benefits to longevity insurance, the traditional Social Security breakeven approach oversimplifies one of your most important retirement decisions. Today, I'm revealing why Social Security breakeven thinking leads to poor choices and showing you the complete framework for making the right decision for your unique situation.
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OUR THREE MOST POPULAR YOUTUBE VIDEOS OF 2024
10 CHEAP Purchases That Make Retirement SO Much Better: https://youtu.be/Rp3eLIJVlPs
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OUR THREE MOST POPULAR ARTICLES ON HOLYSCHMIDT.COM
How to Find the Right Medicare Plan: https://hlyshm.it/BestPlan
Give My Regrets to Spreadsheets: Why You NEED Personal Financial Planning Software in 2025: https://hlyshm.it/ha2
Financial Tools Worth Every Penny: https://hlyshm.it/ha3
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Federal Reserve Board Survey of Consumer Finances:
https://www.federalreserve.gov/econres/scfindex.htm
Social Security Administration Application for Benefits
https://secure.ssa.gov/iClaim/rib
Current Social Security Cost of Living Adjustment
https://www.ssa.gov/cola/
Social Security Payment Estimator
https://www.ssa.gov/benefits/retirement/estimator.html
Legal disclaimer:
Chapter Advisory, LLC (“Chapter”) is a private health insurance agency. In California, Chapter does business as Chapter Insurance Services (Lic. No. 6003691). Chapter is not affiliated with or endorsed by any government entity. While Chapter has a database of every Medicare plan option nationwide and can help you to search among all options, it has contracts with many but not all plans. As a result, Chapter does not offer every plan available in your area. Currently, Chapter represents 50 organizations which offer 18,601 products nationwide. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period.
Average potential savings are based on realized premium, co-pay, and out of pocket savings estimates self-reported by consumers that worked with Chapter Advisory LLC to enroll in a Medicare Supplement, Medicare Advantage, and/or Part D Prescription Drug Plan. The average is limited to consumers that chose to self-report. Savings information is subject to periodic updates and corrections. There is no guarantee of savings and any savings may vary by policy type, state, or other factors.
Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.