Planning is key to most things in life, including Social Security benefits. As automatic as the benefit is for most U.S. citizens, there are multiple factors to consider before enrolling.

Many retirees are unsure of when to start collecting the benefit and how much they may gain or lose by delaying their start date. Vanguard provides a detailed breakdown of total payments an individual will collect starting at age 62 up to full retirement age (FRA). Total benefit collection can differ by nearly $100,000!

Unfortunately, many Americans don’t fully comprehend or take the time to understand the various strategies surrounding their benefit. They also haven’t calculated how much retirement is going to cost. As explained here, there is a large discrepancy between what retirees plan to collect and what current retirees are collecting in Social Security. This expectation difference can make retirement difficult to navigate.

Manipulating different scenarios, including the expected age of death, can help ensure your retirement is financially covered. Don’t let your golden years be riddled with stress and debt accumulation.


Bill Schultheis
As the author of The Coffeehouse Investor, Bill Schultheis is also a Financial Advisor and Co-founder of Soundmark Wealth Management.

The Three Principles

1. Save for a rainy day.

Develop a long term financial plan.

2. Don’t put all your eggs in one basket.

Diversify in different asset classes.

3. There is no such thing as a free lunch.

Capture the entire return of each basket, or asset class, through low cost index funds.

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The Coffee House Investor Book Cover


How to Build Wealth, Ignore Wall Street & Get On With Your Life
by Bill Schultheis


Who is The Coffeehouse Investor?

This non-commercial web site is for investors across the nation and around the world who recognize and embrace the sophistication of simplicity in their investment portfolios as well as their personal lives.

The Coffeehouse Investor does not provide financial advice - our purpose is to provide creative education for investors who want to build wealth, ignore Wall Street and get on with their lives by making informed, intelligent investment decisions.