Strategies to Maximize your Social Security Benefits

As the owner of a financial planning firm that has helped hundreds of families plan their retirement, it’s clear that many people overlook how Social Security can fit into their financial and income planning puzzle - and there’s a lot of misinformation out there.

A lot of so-called "financial advisors" or CPAs don’t educate their clients about the pros, cons and specific options that are available to you. As a result, few people know how to truly utilize it to hedge against longevity, healthcare costs, and inflation.

To make matters worse, Social Security won't give you advice. If you say a wrong word, you're setting yourself up to lose tens - if not hundreds - of thousands of dollars. That’s why you need to  create a retirement income game plan with a purpose - which is what today’s episode is all about.

In this podcast interview, you’ll learn:

  • Why a law that took effect in 2016 made us change many of our clients' financial plans - and what we can do to make sure your Social Security stays funded.
  • What you should be looking for in a financial advisor to help you manage your retirement - especially as you approach the age at which you have to begin taking withdrawals.
  • The many issues caused by filing early - and how to maximize your withdrawal for the long term.
  • How delaying your Social Security Benefits can protect you, a spouse, an ex-spouse and provide a hedge if one passes away earlier than their life expectancy.
  • Understanding the nuances of how your Social Security Benefits are taxed

Interview Resources

These materials and links are provided strictly as a courtesy. We make no representations as to the completeness or accuracy of information provided at these websites. When you access one of these websites, you are leaving our website and assume total responsibility and risk for your use of the website to which you are linking. The information is not intended to provide you with any personalized financial, insurance, legal, accounting, tax, or other professional advice.

Subscribe to Our Podcast

Subscribe to our podcast and grow Your Wealth and Beyond!

Personal Finance