If you’re 55 or older now, chances are you’ll receive the full Social Security benefit as it was intended. But when should you begin to take those benefits? What are you options and how do they fit into your financial planning?
Most people apply to take their Social Security benefits when they are first eligible. For most that could be a mistake that costs you in the long run. Why?
Another factor, and the most difficult to grapple with, is life expectancy and its impact on your Social Security benefits.
As part of your retirement plan, we look at the various strategies and benefits of all Social Security income scenarios related to life expectancy.
You can start collecting Social Security at any age between 62 and 70. However, if you begin at these ages, your monthly benefit is generally:
To providing our clients with a distinctly different experience providing guidance you can rely on.