#493 - How Can I Reverse Taking Social Security?

There are so many questions that come with retirement which is why I focus on answering questions from listeners like you. As you listen to these questions and their answers consider how they fit into your ultimate objective. Listen in to learn why intent matters.

In this episode, we’ll explore how to frame retirement questions around your intent, answer listener questions, and in the Bring It On segment you’ll hear a tip about how to rebalance your emotions during stressful conversations.

It all comes back to your intent

There are so many decisions to make in retirement. At what age should you retire? When should you take Social Security? Should you do Roth conversions? What type of Medicare plan should you choose?

With every decision you make make it is critical to come back to your original intent. When you are clear about your intent then decision making gets easier.

We tend to get bogged down and focus too much on the tactics. While tactical decisions must be made, when you focus on your original intent, you force yourself to think things through in a more disciplined way.

Having an organized process built with your intent in mind will see you through when it is time to add layers of complexity to your plan.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

[4:12] How to use your 5-year cushion
[11:32] Does having a civil judgment against me apply to my accounts in other states?
[15:55] Bret wants to know more about how to maximize his accumulation stage
[19:35] How to reverse a decision to claim Social Security
[22:05] Examples of simplifying a portfolio by using ETFs or other all-in-one funds
[26:38] How to diversify an overfunded portfolio
[32:59] Should I stop the automatic reinvestment of dividends?