Claiming Social Security benefits can be one of the more complicated topics that I can address with a client. There are a multitude of rules that can have a significant and lasting impact on a client’s future income stream and overall financial picture.
If you want everything to which you are entitled then avoiding improper planning means losing by a conservative estimate at least $100,000. More if longevity is extended. A 65 year old couple in good health and not using tobacco has a 53% chance of one spouse living to age 93.
Understanding the taxability of Social Security is often overlooked.
Contact us for thoughtful answers to your many questions.