The Top Social Security Facts Retirees Must Know

The Top Social Security Facts Retirees Must Know

The Top Social Security Facts Retirees Must Know

Social Security provides guaranteed income in retirement. To make the most of it, it’s important to understand when to claim your benefits. Claiming too early reduces your benefits, but waiting until your full retirement age or even age 70 increases them. This strategy can significantly boost your lifetime income.

Changes to Social Security rules in 2015 removed some claiming strategies. Now, you cannot choose between your personal and spousal benefits if you file after 2016. These changes make planning even more important to maximize your benefits.

Social Security is often a key part of retirement income. It’s crucial to carefully consider your options and speak with a professional. At CTS Financial, we can guide you in making the best choices for your situation.

At CTS Financial, we have compiled a tip sheet, The Top Social Security Facts Retirees Should Know, to help you begin to create a personalized plan that will best leverage Social Security in light of your overall financial goals.

Access the article now http://bit.ly/2qO6HdG.

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Published On: May 26, 2017|Categories: Resource Center|Tags: retirement, social security|

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