$1M + Pension? When Should You Start Social Security?

Book an Intro Call - https://form.typeform.com/to/desH7879... Retirement Readiness Quiz - https://form.typeform.com/to/WSROgeLo... If you have $1 million or more saved for retirement and a pension, deciding when to start Social Security may look very different for you than it does for the average retiree. Should you claim Social Security at 62? Wait until your full retirement age? Or delay all the way until 70? There isn't one right answer. In this video, I walk through the important factors to consider before starting Social Security when you already have a pension and a sizable retirement portfolio. We'll discuss: -How your pension election can impact your Social Security strategy -Why married couples need to think about survivor income, not just their income today -How delaying Social Security could help offset a pension that doesn't have a cost-of-living adjustment -Why your IRA, 401(k), TSP or 457 balance should factor into the decision -How delaying Social Security can potentially create a valuable tax-planning and Roth conversion window -Why your health and longevity expectations matter -How much you may need to withdraw from your investments while delaying -Why claiming at 62, 67 or 70 should be based on your entire retirement plan, not a simple rule of thumb If you have $1M saved and a pension, one of your biggest advantages is flexibility. The goal isn't simply to maximize your Social Security check. The goal is to choose a Social Security strategy that makes your entire retirement plan better. At Denali Financial Group, we specialize in helping people with over $1 million saved plan around the Five Worlds of Retirement: Income, Investments, Taxes, Healthcare and Legacy. _______________________________________________________________ DISCLAIMER: This video is not meant to be taken a tax, legal, or investment advice. All content is for educational purposes only.