In this episode of the Retire with Peace podcast, host David Zaegel delves into the intricacies of Social Security calculations, focusing on how benefits are determined based on an individual's earnings history. He explains the importance of the highest 35 years of earnings, the adjustment for inflation, and the calculation of the Average Indexed Monthly Earnings (AIME) and Primary Insurance Amount (PIA). Additionally, he discusses spousal benefits and the strategies couples can employ to maximize their Social Security benefits.

In this episode of the Retire with Peace podcast, host David Zaegel discusses the fundamentals of Social Security, including its history, funding mechanisms, eligibility requirements, and the timing of retirement benefits. He emphasizes the importance of understanding how Social Security works to effectively plan for retirement, highlighting key aspects such as the minimum and maximum ages for collecting benefits and the impact of waiting to claim benefits on monthly payouts.

In this episode, we explore why making the move sooner rather than later can save you money, reduce stress, and give you more freedom in retirement.

Here’s what you’ll discover:
✅ The hidden costs of waiting to downsize
✅ How moving earlier can improve cash flow and reduce taxes
✅ The emotional and lifestyle benefits of simplifying sooner
✅ Practical steps to decide when the time is right