Answering Your Questions: Should I Take Social Security Earlier?
Charles frequently receives financial planning questions via email. This week, he addresses Mary's concern about her portfolio, which dropped significantly earlier this year, recovered somewhat, but is still down from its peak. Relying entirely on this money for income, Mary is considering starting Social Security earlier than planned.
In answering this question, Charles raises an important point: why did Mary's portfolio experience such a significant dip? It suggests that her portfolio may have more risk than she realizes. Join Charles and Marc as they discuss the importance of understanding your portfolio's risk allocation.
Here’s some of what we discuss in this episode:
0:00 – Intro
0:40 – Email question
1:25 – Looking at risk allocation
3:55 – Knowing what you own
Have questions about any of the topics we covered in today's podcast? Reach out to me at 480-513-1830, or schedule a call via my calendar.