Take Social Security at 62?

There may be situations when claiming early makes sense. Plus, a powerful estate-tax strategy, and more.

August 03, 2023 View in a browser

FIDELITY VIEWPOINTS® WEEKLY EDITION: August 03, 2023

Should you take Social Security at 62? It's tempting to start that income stream as soon as possible, but do the downsides outweigh the benefits? Get answers Why the next recession will be different Fidelity pros believe that when the next recession arrives, it will be nowhere near as severe as 2008. Here's why A savvy strategy for estate taxes Creating an irrevocable trust to hold life insurance may move death benefits out of your estate—potentially reducing taxes. How it works Don't let hidden fees hold your portfolio back See how your portfolio's fees compare to averages, and to the value you're getting. Mind your costs When to tap home equity for cash The average homeowner recently had $270,000 in equity. But when does it make sense to actually tap into that wealth? What to consider Video: Time to buy bonds? High rates have made this an opportune time for fixed income investors. Here's what to consider before investing. Watch now Video of the week Viewpoints Market Sense: Recession called off? The Fed has nixed its prediction of a recession this year. Our panelists unpack what this really says about the economy and what it may mean for stocks. Watch now

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