Direction, Clarity, and Confidence
During my 25 years of working for the Social Security Administration, the single most asked question I received was, "What age should I start receiving my Social Security benefits?" I always replied by saying that the answer is different for everyone. Some people start receiving benefits at age 62 due to health concerns and other reasons that dictate an early filing option. There are also people who have no choice but to wait until their full retirement age because they are still working full time. Some people decide to wait until age 70 because they want to maximize their monthly benefits. In every case, the answer is highly personal. The dilemma of when to start receiving your Social Security benefits will be one of the single most important financial decisions you will ever make. It is a decision that will directly impact your retirement income for the rest of your life. Your Social Security Strategies addresses all the key areas you need to consider in order to make the right decision when it comes to your Social Security benefits.
Comprehensive Consultation
- Review Your Social Security Statement
- Evaluate Your Reduced, Full, and Delayed Retirement Benefit Amounts
- Assess Your Eligibility to Spousal and Divorced Spousal Benefits
- Determine Your Optimum Benefit Filing Strategy
- Discuss Other Key Issues (Annual Earnings Limit, Survivors Benefits, Taxation of Benefits)
- Determine if "File and Suspend" or "Restricted Application" Strategies are Viable Options
- Analysis of Windfall Elimination Provision and Government Pension Offset
- Explain Medicare Enrollment Process
- Determine When and How to Apply for Your Benefits
- Follow Up Questions