When It Comes Time To Claim Social Security, Do You Know All of Your Options?
You know Social Security and retirement go hand in hand, but do you realize just how important it is to make the right claiming decisions? One Social Security misstep could leave you missing out on hundreds of thousands of dollars over a lifetime. That’s why it’s time to start thinking seriously about Social Security and exploring ways to maximize your benefits and optimize your retirement income strategy.
Given the thousands of complex rules and hundreds of claiming options, creating a plan of action for Social Security can be an overwhelming prospect. Fortunately, you don’t have to go it alone.
You can rely on the expertise of Signature Wealth Strategies to help you plan for this key source of retirement income.
Five Big Questions About Social Security Options and You
Before making any decisions, it’s essential to ask yourself (and your spouse) some key questions about elements of your life that could influence your personal Social Security strategy.
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When are you planning to retire?
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What will your earnings look like if you continue to work past 62?
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What other sources of income will you have in retirement?
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Based on your health and family history, how long do you expect to live?
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Are you married or divorced?
Do you want to get the most out of your hard-earned Social Security benefits? Contact a Signature Wealth Strategies advisor today to set up a time to talk.
Opinions expressed in the article are those of the author and are not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation.
