Maximizing Social Security
For nearly every American, Social Security is the foundation for their retirement. Many retirees are anxious to get the benefit started as soon as possible but this can often be a poor choice in strategy. There are many strategic benefits to delaying when you start Social Security depending on your personal situation. First and foremost is that you receive an 8% increase each year you delay starting your benefits. While you are forgoing some initial benefit, the likelihood that you or your spouse will live long enough to justify the delay is often quite high. Never hesitate to reach out to one of our advisors to make sure you are taking advantage of your Social Security benefits.