Social Security Planning & Optimization
Did you know that there are over 550 possible ways to file for Social Security benefits for a married couple today? Or that the Bipartisan Budget Act of 2015 eliminated numerous beneficial filing strategies and voided many others?
With no changes to the current structure, Social Security is projected to run out of money in 2034. From that time on, it will only be able to pay 79% of benefits for the next 60+ years. (OASDI Annual Report from Board of Trustees, 2018)
Social Security is the largest source of income in retirement for many working families , and nearly 44% of retirees live on Social Security alone. Because of so many rules and complexities, we are certified through the National Social Security Association or The Corporation for Social Security Claiming Strategies and are well versed in all aspects of Social Security Benefits.
Social Security Optimization and Maximization
Maximization or Optimization? Figuring out how to get the most money out of Social Security is easy, given you and your spouse’s ages, benefit amounts, and life expectancies, but our process seeks to optimize your benefit, incorporating the rest of your financial plan into the picture.
You may get the most money if you wait until you’re 70, but if it causes you to spend down your savings beforehand, it could cost you.
Whatever your financial situation, we’ll help you understand the different Social Security filing strategies, and how to best use them to meet your goals. Our team is here ready to help you develop a financial plan that will take into consideration your current Social Security income as well as your other sources of income.
Goals of Our Social Security Optimization
You have worked hard to earn your social security benefits and we can help you evaluate your options and how each one might impact your life. Significant Wealth Partners is here to help you increase your overall income and long-term financial security. We do this by focusing on longevity protection, survivors protection and inflation protection. Many people leave money on the table simply because they don't know that there are social security optimization strategies that may increase the overall benefits you can receive. Let us help you evaluate everything and make sure your social security is optimized so that you may enjoy your retirement years.