#1 Social Security Retirement Maximize Your Monthly Payouts! #podcast #middleclassmoney

So, very specific question. Sure. Is part of your retirement plan [music] social security? Is that a big piece of it or is that like an extra thing for you at this point? [music] So, I did not take social security at 65 or 66 at the advice of my accountant. [music] I was 70 this past summer. I started taking now. So did my wife. It's a nice chunk of change every single month. If you've worked at a good salary, it's a nice amount of money. Anybody knows exactly what it is. It could be almost the $5,000 a month if you worked, [music] you know, a decent job. It definitely helps. It definitely helps. Depends on how much money you had you put away over the years. But it definitely could go and help, you know, in [music] in living the lifestyle that you wanted to. It's not going to be as much. So, once again, you have to be careful when you retire as well not to go ahead and run through your money [music] the first 3 years. So, be cautious. You hope you're going to live a long time. Your house is a biggest value that you have. So, you may want to sell that >> [music] >> and move to another place. But hopefully, your spending after you retired >> [music] >> is not going to be more than before you retired. Cuz then I got to fill that up again. >> [laughter]