GenExDividendInvestor | Dividends are why I’ll take Social Security at 62! @GenExDividendInvestor | Uploaded 1 year ago | Updated 1 day ago
In this interesting and surprising video I explain why I plan to take social security at 62 due to my dividends, even though most people should wait until 70.
Chat with me on my free Dividend Discord chat server ➜ discord.gg/kkSr5FY
Follow me on X (Twitter) ➜ twitter.com/GenExDividend
Follow me on Instagram ➜ instagram.com/genexdividendinvestor
Join my Patreon ➜ patreon.com/join/genexdividendinvestor
Buy some of my fun dividend merch (10% donated to St Jude) ➜ teespring.com/stores/genexdividendinvestor
Listen to my Videos as Podcasts on iTunes ➜ podcasts.apple.com/us/podcast/genexdividendinvestor-podcasts/id1476933524
Listen to my Videos as Podcasts on SoundCloud ➜ soundcloud.com/genexdividendinvestor
Use my Seeking Alpha Affiliate Link ➜ sahg6dtr.com/2352ZCK/R74QP (I’m sponsored by Seeking Alpha).
0:00 Intro
0:20 Joke about Germans bombing Pearl Harbor
1:20 What I do for medical insurance since I retired early
2:30 My plans for Social Security
3:38 Example
4:34 My social security statement
5:20 Modeling out how a new dividend portfolio could grow if I took social security early & invested it all (to compare it to taking it at 70)
6:56 Social Security concerns
7:41 My ss plans due to my divs
8:00 Why investing my ss in div stocks is my plan
8:23 Potential way to avoid ss cut
9:00 Counter points on why removing the cap isn’t smart
9:09 Why I focus on my divs
9:19 More ss context
9:50 Why dividend investors will do better
10:25 Reasons why you might take ss early
10:40 Investing & ss thoughts
12:23 Why dividends become more important the older you get
12:34 Thoughts on dividends NOT being a good form of passive income
13:10 Caterpillar thoughts
13:34 More investing thoughts
15:00 Other dividend investors I’ve met
15:10 Closing thoughts
15:42 Shoutouts
15:56 Please use my Seeking Alpha Affiliate Link (I’m sponsored)
16:13 Outro
Please LIKE, COMMENT and SUBSCRIBE to support this channel - it helps me immensely! Also, please SHARE this video with your friends :) Thanks, I really appreciate it!
Get more great info - Subscribe! ➜ youtube.com/c/GenExDividendInvestor?sub_confirmation=1
Share this Video ➜ youtu.be/h5HxVjXzH10
Watch this Video next ➜ youtu.be/2zLGX-n0ATg
Feel free to ask questions on my Discord, Instagram, Twitter, email, or on YouTube. Listen to my videos as Podcasts on iTunes, SoundCloud, Spotify, Castbox.fm, etc.
An Estimate of My Dividend Portfolio on M1 ➜ https://m1.finance/w0AH6WMhNJtC
Reddit ➜ reddit.com/user/GenXDividendInvestor
Investing Books to read (as an Amazon Associate I earn from qualifying purchases):
The Intelligent Investor ➜ amzn.to/2WPwgtj
One Up on Wall Street ➜ amzn.to/2YTDAXt
Rich Dad, Poor Dad ➜ amzn.to/2SUCwOZ
The Richest Man in Babylon ➜ amzn.to/2SUHStw
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing ➜ amzn.to/2YUgjo4
The Bogleheads' Guide to Investing ➜ amzn.to/2STECPp
Attributions/SEO/Useful Links:
daily-journal.com/life/family/the-most-and-least-popular-ages-to-claim-social-security/article_51ee0af0-9c4f-11eb-8c78-77e20d46b89e.html
fool.com/retirement/2023/04/22/the-3-best-ages-to-claim-social-security-benefits
Disclaimer: I am not a financial adviser. These videos are for entertainment, inspiration, and educational purposes only. Investing of any kind involves risk. I am only sharing my opinion with no guarantee of gains or losses on investments. Please consult an appropriate adviser and do your own research before making any decisions on anything. I am not responsible or liable for any actions you take. The data shared may be inaccurate.
Copyright © 2023 GenExDividendInvestor. All rights reserved.
#Dividends #SocialSecurity #PassiveIncome
In this interesting and surprising video I explain why I plan to take social security at 62 due to my dividends, even though most people should wait until 70.
Chat with me on my free Dividend Discord chat server ➜ discord.gg/kkSr5FY
Follow me on X (Twitter) ➜ twitter.com/GenExDividend
Follow me on Instagram ➜ instagram.com/genexdividendinvestor
Join my Patreon ➜ patreon.com/join/genexdividendinvestor
Buy some of my fun dividend merch (10% donated to St Jude) ➜ teespring.com/stores/genexdividendinvestor
Listen to my Videos as Podcasts on iTunes ➜ podcasts.apple.com/us/podcast/genexdividendinvestor-podcasts/id1476933524
Listen to my Videos as Podcasts on SoundCloud ➜ soundcloud.com/genexdividendinvestor
Use my Seeking Alpha Affiliate Link ➜ sahg6dtr.com/2352ZCK/R74QP (I’m sponsored by Seeking Alpha).
0:00 Intro
0:20 Joke about Germans bombing Pearl Harbor
1:20 What I do for medical insurance since I retired early
2:30 My plans for Social Security
3:38 Example
4:34 My social security statement
5:20 Modeling out how a new dividend portfolio could grow if I took social security early & invested it all (to compare it to taking it at 70)
6:56 Social Security concerns
7:41 My ss plans due to my divs
8:00 Why investing my ss in div stocks is my plan
8:23 Potential way to avoid ss cut
9:00 Counter points on why removing the cap isn’t smart
9:09 Why I focus on my divs
9:19 More ss context
9:50 Why dividend investors will do better
10:25 Reasons why you might take ss early
10:40 Investing & ss thoughts
12:23 Why dividends become more important the older you get
12:34 Thoughts on dividends NOT being a good form of passive income
13:10 Caterpillar thoughts
13:34 More investing thoughts
15:00 Other dividend investors I’ve met
15:10 Closing thoughts
15:42 Shoutouts
15:56 Please use my Seeking Alpha Affiliate Link (I’m sponsored)
16:13 Outro
Please LIKE, COMMENT and SUBSCRIBE to support this channel - it helps me immensely! Also, please SHARE this video with your friends :) Thanks, I really appreciate it!
Get more great info - Subscribe! ➜ youtube.com/c/GenExDividendInvestor?sub_confirmation=1
Share this Video ➜ youtu.be/h5HxVjXzH10
Watch this Video next ➜ youtu.be/2zLGX-n0ATg
Feel free to ask questions on my Discord, Instagram, Twitter, email, or on YouTube. Listen to my videos as Podcasts on iTunes, SoundCloud, Spotify, Castbox.fm, etc.
An Estimate of My Dividend Portfolio on M1 ➜ https://m1.finance/w0AH6WMhNJtC
Reddit ➜ reddit.com/user/GenXDividendInvestor
Investing Books to read (as an Amazon Associate I earn from qualifying purchases):
The Intelligent Investor ➜ amzn.to/2WPwgtj
One Up on Wall Street ➜ amzn.to/2YTDAXt
Rich Dad, Poor Dad ➜ amzn.to/2SUCwOZ
The Richest Man in Babylon ➜ amzn.to/2SUHStw
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing ➜ amzn.to/2YUgjo4
The Bogleheads' Guide to Investing ➜ amzn.to/2STECPp
Attributions/SEO/Useful Links:
daily-journal.com/life/family/the-most-and-least-popular-ages-to-claim-social-security/article_51ee0af0-9c4f-11eb-8c78-77e20d46b89e.html
fool.com/retirement/2023/04/22/the-3-best-ages-to-claim-social-security-benefits
Disclaimer: I am not a financial adviser. These videos are for entertainment, inspiration, and educational purposes only. Investing of any kind involves risk. I am only sharing my opinion with no guarantee of gains or losses on investments. Please consult an appropriate adviser and do your own research before making any decisions on anything. I am not responsible or liable for any actions you take. The data shared may be inaccurate.
Copyright © 2023 GenExDividendInvestor. All rights reserved.
#Dividends #SocialSecurity #PassiveIncome
