/Social Security Benefits Income -STRATEGIES
MAKING DECISIONS ABOUT SOCIAL SECURITY BENEFITS.
Like many Americans who have worked hard, while contributing to the Social Security system, there will come a time when you’ll need to make that important decision to either start or delay receiving you're - Social Security benefits. In general, consider this to be a major decision that has a significant bearing on the amount of income you’ll receive during your retirement years. Keep in mind, your decision also has a significant impact on the amount of social security benefits/income your surviving spouse will receive as well.
BEFORE ELECTING TO START MY SOCIAL SECURITY INCOME; WHAT SHOULD I CONSIDER?
To help you make a well-informed decision, you’ll want to consider a few key factors before deciding on when to start receiving your social security income. For example; but not limited to; -
Will I benefit in the long run, if I decide to wait until my full retirement age…in order to receive a larger income amount?
Or should I start receiving my social security benefits early….at a much-reduced amount?
Should I consider receiving my benefits after my full retirement age…in order to receive my maximum awarded amount?
WHEN IS THE BEST TIME FOR ME TO START MY SOCIAL SECURITY INCOME?
Choosing when to start receiving your Social Security benefits is just as important as establishing your awarded amount. To help you make a well-informed decision, consider utilizing the assistance of one of our financial professionals.
At Delington we begin the process by consulting with and helping you review your complete financial situation before developing an all-inclusive social security strategy that will help you incorporate you and or your spouse’s Social Security benefits with other retirement income resources in mind.
THE DELINGTON REPORT: