As Advisors, we understand that getting the Social Security claiming decision right could mean $100,000 or more in additional retirement income. That is why we use patented software that is consistently top-ranked for features, functionality, and ease of use.
One of the main questions we get asked surrounding Social Security is: “How can I maximize my benefits.” Here are five tips to help you do just that:
- Improve your earnings record
- Delay the start of benefits
- Take advantage of spousal and survivor benefits
- Minimize taxes on benefits
- Coordinate Social Security with an overall retirement income plan
Once you learn a little bit about Social Security and retirement income planning, the floodgates open with more questions. When should I apply? What if I want to keep working? What if I’ve already applied and now regret the decision? How much will my benefit be? How can I coordinate spousal benefits? What’s the best long-term strategy for my situation? What do I do next? As you encounter these questions, we would be happy to assist you in answering them.
If you have questions about your specific situation, feel free to schedule a time on our calendar for a Social Security strategy call.