Social Security
Retirement is something to be looked forward to. Yet for many people, thinking about retirement can become an overwhelming task. Am I saving enough money each month? When should I stop working? How long will the money I saved last me? When is the best time to apply for Social Security?
I can help you create a comprehensive plan that includes Social Security as well as other financial vehicles so that you can rest easy knowing that all of your questions are answered and your future is secure.
Tips on Claiming your Social Security Retirement Benefit
1. Social Security may be a major portion of your retirement income; don't discount it.
2. Don't claim too soon before you project your total retirement income and expenses. Delaying benefits increases your income for life.
3. Consider the option of claiming 50% of your spouses social secuity benefit if it is greater than your own.
4. If you were married for at least 10 years and now divorced, you may claim benefits based on your ex-spouse's work record.
5. Your unmarried dependents/heirs up to 18 years of age may qualify for up to 1/2 your full retirement amount.
6. Plan ahead for taxes; consider managing your taxes by putting investment money in an annuity, a Roth IRA, or insurance
vehicle.
7. If you claim your Social Security retirement benefit before your full retirement age, any outside income will reduce your social security
check.
8. If you claim your Social Security retirement at your full retirement age, you will receive 100% of your benefits no matter how much more
you earn.
9. If you work for a governmental institution where you paid little or no social security taxes, your benefit will be reduced or nonexistent.
Some federal government employees that are eligible to retire before full retirement age may be eligible for supplemental income until age
62.
10. Read your statement by going to socialsecurity.gov/mystatement. Make sure everything is correct to avoid problems at retirement.
11. Pay your debts before retirement. Benefits are generally safe from creditors but not from unpaid federal taxes, college loan balances, child
support, or alimony.
I can help you create a comprehensive plan that includes Social Security as well as other financial vehicles so that you can rest easy knowing that all of your questions are answered and your future is secure.
Tips on Claiming your Social Security Retirement Benefit
1. Social Security may be a major portion of your retirement income; don't discount it.
2. Don't claim too soon before you project your total retirement income and expenses. Delaying benefits increases your income for life.
3. Consider the option of claiming 50% of your spouses social secuity benefit if it is greater than your own.
4. If you were married for at least 10 years and now divorced, you may claim benefits based on your ex-spouse's work record.
5. Your unmarried dependents/heirs up to 18 years of age may qualify for up to 1/2 your full retirement amount.
6. Plan ahead for taxes; consider managing your taxes by putting investment money in an annuity, a Roth IRA, or insurance
vehicle.
7. If you claim your Social Security retirement benefit before your full retirement age, any outside income will reduce your social security
check.
8. If you claim your Social Security retirement at your full retirement age, you will receive 100% of your benefits no matter how much more
you earn.
9. If you work for a governmental institution where you paid little or no social security taxes, your benefit will be reduced or nonexistent.
Some federal government employees that are eligible to retire before full retirement age may be eligible for supplemental income until age
62.
10. Read your statement by going to socialsecurity.gov/mystatement. Make sure everything is correct to avoid problems at retirement.
11. Pay your debts before retirement. Benefits are generally safe from creditors but not from unpaid federal taxes, college loan balances, child
support, or alimony.
Retirement Planning
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Financial Planning
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Estate Planning
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