Social Security Reviews

Social Security Benefits are often the largest single retirement asset that an individual owns.

For most Americans, social security retirement benefits typically represent 30-60% of their retirement income and yet, according to the National Social Security Association, LLC over 90% of social security recipients receive less money than they are entitled to.

This oversight represents tens of thousands or even hundreds of thousands of dollars in lost retirement benefits.

The current Social Security system is very complex (over 2,700 rules that govern social security and 500 possible elections), and agents at the Social Security Administration (SSA) are prohibited from providing advice on filing strategies as well as on the taxation of benefits. In addition to the numerous rules and filing options, one should also take into account one’s health status, life expectancy, need for income, how long you plan to work and survivor needs. All of these factors should be considered in determining your optimal filing strategy.

As a result, we will arrange a consultation, and generate a comprehensive, customized Social Security Plan with alternative options. We will also assist you in any timing, tax consequences, retirement issues related to the strategy, and help you coordinate with your other professional advisors (CPA and/or attorney).

Your social security filing election may be the most important financial decision you make in planning for retirement. Coordinating this valuable benefit along with your other retirement assets, and in a tax-efficient manner, is critical in developing a financially sound retirement income plan. If you are approaching retirement perhaps now is the time to take a closer look at all of the numerous and valuable benefits that social security has to offer.

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