Episode 412: Best Reason to Delay Social Security To Age 70

When is a good time to start your Social Security? David McKnight reveals why smart retirement planning means waiting until age 70 for reasons that have nothing to do with a bigger check… and everything to do with the years in between being your best window for Roth conversions.  In this episode, David McKnight addresses one of the most common questions he gets from people approaching retirement: "When should I start taking Social Security?" David believes that there's a compelling reason for having 70 as your default Social Security claiming age – and that isn't so that you get a bigger Social Security check… One of the key reasons to wait until 70 is something that rarely comes up in the traditional Social Security discussion: it has to do with taxes. David stresses that the years between retirement and age 70 can be some of the most valuable years of your entire financial life. Why? Because they may represent your best opportunity to execute Roth conversions. David touch...