Rick tackles a common misconception about Social Security benefits. Many people opt to take their benefits early to avoid leaving money on the table if they pass away young. However, this very reason is exactly why they should consider waiting and why cognitive biases and emotions keep us locked into making a poor decision. We’ve all heard that by delaying your Social Security benefits, you can statistically significantly increase the amount you receive, ensuring greater financial security in your later years. Join us as we explore why that is logically and what you can do to recognize if cognitive biases and emotions are keeping you from making the best decision.
Watch it on YouTube. Subscribe to The Financial Therapy Podcast
The Best Kept Secret to Maximizing Your Social Security Benefits
About Rick Kahler:
Rick Kahler, MSFP, CFP ® , CFT™, CeFT ® , Certified Internal Family Systems℠ Practitioner, president of Kahler Financial Group, is a lifelong resident of Rapid City, SD. He began his professional career in 1973 selling and appraising real estate He founded Kahler Financial Group in 1981. He became the first fee-only Certified Financial Planner™ (CFP ® ) in South Dakota in 1983. In 2020 he became one of the first Certified Financial Therapist (CFT™,) in the nation.
His firm, specializes in the integration of investment advising, financial planning, financial coaching, and financial therapy, serving small business and real estate owners, professionals, and retirees, as well as individuals and families.
He served on and chaired the South Dakota Investment Council and served in leadership capacities with the Financial Planning Association and the National Association of Financial Planning Advisors. Kahler is also a nationally renowned speaker and educator. In 2003, National American University recognized Mr. Kahler with the Alumni Distinguished Service Award.
Interested in working with Rick Kahler, MSFP, CFP®, CFT™, CeFT®, Certified Internal Family Systems℠ Practitioner? Please go to our website, Book a Financial Therapist Appointment and fill out a request for a 30-minute free consultation.
Stay connected with The Financial Therapy Podcast by listening on the following:
