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Learn Social Security Basics with Devin Carroll. Social Security and Medicare are not the same programs and you will likely sign up for them at separate times. In this video, we discuss how you can file for Social Security benefits as early as 62 or as late as age 70. However, when you enroll will affect the amount of money you will receive from Social Security every month. Taking it early at 62 can result in a check that is only 70% of the benefit you would get if you waited for your full retirement age. Also, men often have higher Social Security checks than women, so if a man takes his early and later passes away, his wife will have a reduced benefit, so the longer you can hold off on enrolling in Social Security income benefits, the better. Waiting until age 70 will result in a check that is 124% higher than your full retirement age. Devin explains why you shouldn't try to guess your life expectancy or use a break-even analysis, which is something that even the Social Security administration stopped printing on the statements. He also goes over how important it is to review your Social Security Earnings Record each and every year. Devin Carroll is a financial planner and has his own channel here on Youtube. Find it at: / devincarroll He is also the co-host of the podcast Big Picture Retirement and has written a book about social security basics. You can find more information about Devin here: https://socialsecurityintelligence.com Boomer Benefits provides free claims support for life for all of our Medigap and Medicare Advantage policyholders so that you are never alone in dealing with Medicare. WE SPEAK MEDICARE SUBSCRIBE: Did you learn something new from this video? Subscribe for more helpful Medicare videos! Be sure to hit the bell to be notified when we publish our new Medicare videos: https://Boomerbenefits.link/subscribe CONTACT US: We are licensed in 49 states (we aren't licensed in NY), and we are a top-producing, award-winning agency with over 7,000 5-star reviews from Medicare beneficiaries just like you. Plus, our services are 100% FREE! To learn more, call us at 817-249-8600 or fill out our form on: https://boomerbenefits.com New to Medicare? Attend our FREE Medicare 101 Webinar: https://boomerbenefits.com/webinars Get our FREE 6-Day Medicare Video Email course with a bonus Medicare cost worksheet: http://boomerbenefits.link/mini-course To learn about Medicare and Employer Coverage: https://boomerbenefits.com/new-to-med... Join our 750,000+ Fans on Facebook: / boomerbenefits ~-~~-~~~-~~-~ Watch next: "What Does Medicare Part A Cover?" • What Does Medicare Part A Cover? ~-~~-~~~-~~-~