Good morning, Retirement Starts Today Community! Welcome to Every Day is Saturday, the newsletter reminding us that in retirement, every day is Saturday (including Thursday mornings). Click here to work with us! Episode BreakdownWhy So Many People Claim Social Security Early Listen on Spotify | Listen on Apple Retirement Headline: Why Claiming Early Isn’t Always a Mistake — But Often IsSource: New York Times by Tara Siegel Bernard You’ve heard the logic before: delay Social Security as long as you can, ideally to age 70, and lock in 8% annual increases. But here’s the twist—30% of retirees still claim as early as possible at age 62. Why? According to the article—and my own experience—the reasons are less about spreadsheets and more about psychology:
But here’s the problem: Advisor Insight: Key Action Steps:
Want to DIY this? You don’t need fancy software—a spreadsheet works just fine. Listener Question of the Week“When do I need to stop contributing to my HSA before Medicare? And how do I use it once I’m on Medicare?” Great question—and a surprisingly tricky one. Threading the HSA-to-Medicare needle wrong can lead to taxes and penalties. Part 1: When to Stop Contributing
Part 2: What You Can Use Your HSA For After 65
Not allowed:
Pre-65 Exceptions:
But regular ACA or employer plan premiums while employed? Those are not qualified and subject to taxes and penalties if paid with HSA funds. Resources Mentioned
That's it for our three hundred and eighty-fifth installment of "Every Day is Saturday." As always, I read (and usually reply to) every listener email. Got a question? Hit reply—you just might hear your name on the show. Enjoy your “Saturday,” |
Want to spend more money & pay less taxes on your way to an even better retirement? Then you'll definitely want to check out our newsletter and podcast! Our weekly newsletter helps to remind us that in retirement, every day is Saturday (even Thursday mornings).
Good morning, Retirement Starts Today Community! Welcome to Every Day is Saturday, the newsletter reminding us that in retirement, every day is Saturday (including Thursday mornings). Click here to work with us! Episode Breakdown A Conversation with the Creator of the 4% Rule (0:00) Intro — the most famous rule in retirement planning gets a visit from the man who wrote it (2:30) Interview: Bill Bengen explains what the 4% rule is, how it’s changed, and why it might be holding you back (38:00)...
Good morning, Retirement Starts Today Community! Welcome to Every Day is Saturday, the newsletter reminding us that in retirement, every day is Saturday (including Thursday mornings). Click here to work with us! Episode Breakdown Only 3% Have $1M—So What’s Your Number? (0:00) The myth of the million-dollar retirement (6:30) Retirement Headline: Just 3% of Americans have $1M saved—but context matters (22:15) Listener Question: A clever ACA strategy to bridge healthcare from age 58 to Medicare...
Good morning, Retirement Starts Today Community! Welcome to Every Day is Saturday, the newsletter reminding us that in retirement, every day is Saturday (including Thursday mornings). Click here to work with us! Exciting News! I am thrilled to share that our podcast has been recognized by Nasdaq as one of the Top Retirement Podcasts! Our friends Taylor & Roger are on the list too. Click here to see the list! Podcast Episode Breakdown Six Smart Moves for RMDs + Bridging the Social Security Gap...