The best Social Security benefit election for right now may not be the best deal for a lifetime.
The difference between a good election decision and a poor one is regularly more than $100,000 in lifetime income.(Social Security Timing, Inc.)
There are literally thousands of options for when and how you claim your Social Security benefit. Regardless of marital status, you have multiple options that should be carefully evaluated. In some cases benefits may be available as early as age 60.
Additionally, up to 85% of your Social Security benefits may be taxable. Want to learn more? Try the Married Couples Social Security Optimizer and the Social Security Tax calculator.
The final step is to test several combinations of Social Security strategies and taxation within a retirement planning projection. The best election for right now may not be the best deal for a lifetime. Find more information under the Social Security Tab orupload our new brochure: "Maximize Your Social Security, Build the foundation of a stable, secure retirement plan."