Claim Social Security at 62 or 70? $700 vs $1,240 a Month #shorts

Born in 1960 or later? A $1,000 full-retirement-age benefit becomes $700 if you claim at 62 and $1,240 if you wait until 70. • Claiming at 62 cuts the check by 30% (SSA's own chart) • Each year you wait past 67 adds 8%, up to age 70 • $1,240 vs $700 is 77% more, every month • The trade-off: 8 fewer years of checks. On these numbers, break-even is around age 80 Poor health, or need the income now? Claiming earlier can be the right call. Check your own estimate before you choose. Full video: 401(k), Social Security or Pension: How Claiming Order Affects Tax https://www.youtube.com/watch?v=m-UIaaTzuvg 📘 The Last 10 Years Before Retirement (our book): https://unclejohnfinancial.gumroad.com/l/last10years 📒 Budget Planner Pro: https://unclejohnfinancial.gumroad.com/l/BudgetPlannerPro 🎟️ Code UNCLEJOHN30 for 30% off ⚠️ Education only. Not financial, tax or legal advice; we are not licensed advisers. Figures are 2026 federal rules unless noted; check the source or a qualified professional for your situation. 🎙️ Narration is AI-voiced (a synthetic voice, not imitating any real person). Research and sources: Uncle John Financial team. Sources: Social Security Administration: Starting Your Retirement Benefits Early (age-62 reduction chart) and Delayed Retirement Credits (8% a year for those born 1943 or later). The $1,240, the 77% and the age-80 break-even are our own arithmetic on SSA's $1,000 example (nominal, before COLAs and taxes). Page shown in the video: SSA.GOV · STARTING BENEFITS EARLY https://www.ssa.gov/benefits/retirement/planner/agereduction.html #SocialSecurity #Retirement #RetirementPlanning #Shorts