401k vs Social Security vs Pension: What Should You Claim First?

Comments · 33

• KM

  @kmm514 · 4 months ago

  I dont know any 90 year old living their best life.<br>People need the money &nbsp;to live, not to build it and leave for their heirs.

  14

• PO

  @pogirod559 · 1 month ago

  Most employers trigger pension as soon as you retire

  1

• DI

  @DivineUniverse11 · 13 days ago

  You’re right it makes sense

• LI

  @LindaB.-wl9jt · 1 month ago

  Totally agree...my strategy....and is working!

• MZ

  @mz2497-w6s · 1 month ago

  Plz watch more videos on this from other presenters.

  1

• BO

  @Bondbeer · 5 months ago

  I am not sure why so many videos lead with “this is what most people are doing wrong” instead of “here is the optimal approach”. Telling me I am doing it wrong is telling me I am stupid which puts me on the defensive and makes me start being picky looking for flaws in your video.

  11

• RI

  @rickwisneski3871 · 2 months ago

  Okie dokie

  1

• AL

  @alwayz139 · 3 months ago

  Why would one delay “turning on” a pension if the amount is the same later? Just to avoid taxes? Aren’t you losing the amount you could have collected?

  6

• DA

  @DannyDKNYC · 1 month ago (edited)

  Interesting stuff. I have a question for you. My friend got injured on the job and was forced to apply for SSDI before he turned 60 — but also had to take his pension to maintain his medical until medicare kicks in.<br>He didn’t have a choice about what to take first. If he has a K Plan — what does he do? Start reducing the K , by moving an amount low enough to keep his taxes in check now - but high enough and consistently enough to lower his exposure later from required withdrawals?

• DA

  @DavidMiller-j5s · 1 month ago

  I wish these guys would just throw the numbers out there. Keep in mind the order makes zero difference. It&apos;s all about income. An example 67k a year income keeps you in the 12% 67.4 k puts you in the 22%. &nbsp;This is for single person. Now your 63 this is when your premium is determined for Medicare. Keep that under 115k maybe a bit more . Check it out for yourself.

• OL

  @Oldvetsunfiltered · 2 weeks ago

  Yeah not great advice in my opinion. &nbsp;My disagreement is based on the fact that NONE of us know how long our life will be. &nbsp;The man that waits until later to start that social security and then dies a year later lost more money than the taxes he avoided. &nbsp;There are other videos that show how long you have to live to make up the difference between if you started drawing all of it as soon as you can. &nbsp;Watch those.

  1

• VI

  @vikramgupta2326 · 2 weeks ago

  1. I&apos;m tired of CFP&apos;s all giving contradictory advice. 2. This one seems to put all the emphasis on taxes, but not the big picture. Very unconvincing.