When considering their retirement strategy many people focus on their investments, retirement plans and their assets. Social security is one of those components of retirement that can be overlooked, but that could be a mistake.
Social Security is a very important component of retirement income for many retirees. It can also be confusing. Does it make sense to begin drawing Social Security as soon as you are eligible? Should you wait until your Full Retirement Age? Is it best to wait until 70 to begin claiming Social Security? Can my spouse begin their social security even if I don’t begin taking mine?
In addition to these questions there could be many more. The reality is that the right retirement strategy for you is determined on a case-by-case basis. We have worked with many families facing these questions and through a planning process we explore the options available to them and provide guidance on their social security claiming strategy.
If you want to learn more about your retirement strategy and how to maximize your social security, contact our team. We’re here to help!