Social Security benefits are the bedrock of your secure retirement income floor. Even for the most affluent, Social Security benefits can range up to 20% of household retirement income.
Many financial advisors and planners are not up to speed on the critical interplay between your Social Security benefits, your household claiming strategy, income from continuing employment, benefit taxation, and the key role Social Security plays in your secure retirement income floor.
Properly implemented, a smart Social Security benefit strategy can add tens of thousands of dollars to your lifetime income while taking some pressure off of your personal retirement savings.
As a retirement income specialist, I write a continuing series of posts on maximizing your Social Security benefits. Please contact me (via email or 201-741-9528) with any questions or if I can be of assistance.
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- Taking Your Lumps
- Comparing the Costs of Buying Retirement Income
- Your Social Security Benefit Strategy
- Is 70 the New Retirement Age?