015: 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


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