Social Security Planning
Social Security Maximization
Social Security is arguably the most important element in your retirement. Unfortunately, there is no standard solution to Social Security election which is why we place so much emphasis on consulting with a professional on your unique situation.
SOCIAL SECURITY GOAL = Craft a strategy that can provide the highest cumulative Social Security benefits possible, while also providing income security if you live much longer than expected.
Because we don’t have a crystal ball to tell you when you’ll pass away, you should consider the following questions:
- Can I afford to delay benefits to age 70?
- Will delaying benefits cause too much stress on the nest egg I’ve accumulated?
- If I’m married, how might spousal benefit strategies affect my own filing election?
- Can I use spousal filing strategies to ensure richer benefits in the short term, while also allowing increased widow/widower benefits for my surviving spouse?
- How will tax planning affect my filing strategy?
- Will delaying benefits cause unnecessary exposure to Medicare cost increases, as I will not be protected from Medicare’s hold-harmless clause?
Our Social Security Analysis software can help you figure out how much retirement income you’ll receive at different claiming ages using different claiming strategies and will suggest your optimal benefit age and claiming selection.