What is Your Plan to Maximize Your Social Security Benefits?

What is the best way for you to take your Social Security benefits? This is a very important question we get all the time as people are planning for retirement. Social Security represents a retirement asset to you, and if you manage it incorrectly it can cost you hundreds of thousands of dollars over your lifetime. However, if you manage it well, it becomes a terrific asset. Personally, I have seen several cases where the difference between making the right decision and making the wrong decision can be as much as $400,000 or more in Social Security Income over your retirement years. 

Did you know that 70% of retirees start their benefits before age 65? There are significant factors to consider when determining the right age for you to begin collecting Social Security, such as you or your spouse’s life expectancy. Studies show that the decisions made by most of retirees, in making the decisions of when to start your Social Security Benefits and how to coordinate your benefits with your other sources of income, are typically not only misguided, but may prove to be disastrous for your long-term financial security.  In my years of research in this area, I have found that there are literally hundreds of different options that can be used to maximize your Social Security benefits. And, unfortunately, most retirees will make the wrong choices, and because of this, will most likely end up forfeiting tens, or even hundreds of thousands of dollars in benefits.
Tune in this Sunday at 5:30 p.m. to Redefining Retirement, where we will be discussing how to effectively maximize your Social Security benefits, with your other retirement accounts.

I would also like to invite you to join us on Tuesday, September 9th at 5:30 p.m. for our free education event on How to Maximize Your Social Security Benefits. To learn more or to register for this free event, you can visit our website, www.cornerstoneretirement.com, or call our office at 775-853-9033.