00:00Deciding when to retire, and the future of your savings, beyond social security reforms.
00:04The Trump administration also left its mark on retirement decisions and personal savings plans.
00:09The retirement age remains a crucial choice, although there were no legislative changes to the full retirement age.
00:15Options are flexible.
00:16From age 62 to 70, the map is clear.
00:19Claiming before FAR means a reduced monthly payment, while waiting until late 70 can increase the benefit by up to 124% compared to the F-AR.
00:27For the average beneficiary, this could mean over $1,000 more per month if they wait until 70 instead of claiming it's 62, but the decision goes beyond the numbers.
00:37Factors like personal health or the availability of private savings, such as from an IRA, can make early claiming a viable option.
00:44Some even consider claiming early to invest the payments more productively.
00:48If you ever need my help, then I would come running from the back room.
00:58I would do anything to save you a day.
01:03The moment you feel unwell, I need you to call a broad, the darkness we can go back to be, but we don't start it.
01:18These decisions are based solely on financial interest.
01:20In summary, the Trump administration pushed for digital efficiency and social security and worsened investment in the rules for 400 ones.
01:28While these measures promise modernization, they also raise questions about privacy, accessibility, and the future of savings options for retirees today and tomorrow.
