The question isn’t at what age I retire, it’s at what income. – George Foreman
Most firms are focused on how to accumulate money to prepare for retirement. Very few are trained and experienced in developing reliable and tax efficient retirement income plans.
Here are some of the important factors to consider when approaching the decision around when to begin taking Social Security:
✓ Your health and life expectancy
✓ Your spouse’s or ex-spouse’s benefit
✓ Whether or not you plan to work after age 62
✓ Your taxable income or other income sources in retirement
Before age 70, the longer you wait to begin the benefit, the larger your monthly benefit will be, and the larger the cost of living adjustment increases will be. Our extensive training and experience in this area lends itself to helping you maximize this important resource.
A thorough understanding of your current situation is critical to determine what opportunities are available to you. Our process is designed to put your retirement into perspective by analyzing all of your circumstances as a collective unit, identifying the pros and cons of your available options, distinguishing between your needs and wants, and determining the rate at which you’ll be able to spend in retirement.
Want to know where you stand? We can show you.
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