Aug 11, 2026 · 16 min · 11 segments
Think taking Social Security early is always the smartest move? Think again. In this episode, Mike Canet breaks down why Social Security claiming strategies are far more personal than most people…
Mike KinnettHost
Randy CookHost
And back when I first started this, you know, started doing this in the 90s, there were literally hundreds and hundreds and hundreds of iterations.
I mean, I can remember back in the day, back under the Reagan administration, what we would do is, We would have you take Social Security at 62.
This is in the 90s where you could throw a stick at the, you know, you could throw a dart at the Wall Street Journal and make 20, 30, 40, 50%, right? So we would take those monthly payments, put them in the stock market, make 10%, 20%, 30%, whatever we made, it would grow.
And then at age 70, we would go to Social Security and say, you know what? We changed our mind.
And what we're going to also do is when we pay it back to you, we're going to take a tax write-off on our tax return for paying it back to you, right? So it's a pretty sweet deal.
And then when we get a refund, they give us our money back but don't pay interest on it.
But we would have all this money left over from the investments, right? So that was really cool.
And back when I first started this, you know, started doing this in the 90s, there were literally hundreds and hundreds and hundreds of iterations.
I mean, I can remember back in the day, back under the Reagan administration, what we would do is, We would have you take Social Security at 62.
This is in the 90s where you could throw a stick at the, you know, you could throw a dart at the Wall Street Journal and make 20, 30, 40, 50%, right? So we would take those monthly payments, put them in the stock market, make 10%, 20%, 30%, whatever we made, it would grow.
And then at age 70, we would go to Social Security and say, you know what? We changed our mind.
And what we're going to also do is when we pay it back to you, we're going to take a tax write-off on our tax return for paying it back to you, right? So it's a pretty sweet deal.
And then when we get a refund, they give us our money back but don't pay interest on it.
But we would have all this money left over from the investments, right? So that was really cool.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.
