In this episode of the Baird Retirement Management Show, we're diving into another round of financial myth-busting! Greg, Scott, and the team tackle a popular piece of advice circulating in the personal finance world: the idea that you should claim Social Security benefits at age 62 and invest them to outpace the 8% annual increase you'd receive by waiting. Join us as we explore why this strategy is fundamentally flawed, highlighting key factors like risk versus reward, the challenges of behavioral discipline, and the critical role Social Security plays in longevity planning. We also discuss the break-even age, real-life use cases for taking benefits early or delaying them, and the importance of aligning your Social Security claiming strategy with your unique retirement goals. Whether you're gearing up to retire or just curious about optimizing your benefits, this episode delivers actionable insights and a clear takeaway: don't fall for oversimplified advice—work with a professional to craft a strategy that works for you. Tune in now to learn why a personalized approach always wins!

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