video1.0<iframe src="https://www.loom.com/embed/7373b49cc61a40e79c733fd582b00a2d" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/7373b49cc61a40e79c733fd582b00a2d-full-1687379245008.jpg4150.371Hello! In this video, I, Phillip Freed, a certified financial planner and founder of 529, will be discussing the Social Security system and how it affects your financial life. We'll cover how to become eligible for Social Security benefits in retirement and how to make optimal decisions surrounding claiming Social Security. Understanding Social Security is important because it incurs a significant tax liability on people during their working years, and many workers will collect over a million dollars in retirement benefits over the course of their retirement. So, it's a crucial parameter in a financial planning model. Join me as we dive into the details!