Social Security Strategies

When is the best time to elect Social Security?

You may not realize it, but when you elect Social Security, it is one of the most important decisions you’ll make in retirement. It will impact the amount of income you receive, the amount of taxes you pay, and how you utilize your other assets.

You would not take a decision about a $600,000 asset lightly would you?

The average household retiring today stands to receive approximately $600,000 over the course of their retirement, according to the Urban Institute. Many people could potentially gain or lose more than $100,000 in benefits, depending on how they make this one decision.

We help you select the best time to elect Social Security as part of your overall retirement income strategy

Analyze – Using software, we analyze hundreds of possible election strategies and identify the one that offers the highest lifetime value.

Integrate – We examine your optimal Social Security election strategy, in light of your other assets, income streams, and goals to identify potential conflicts. We’ll help you match your Social Security decision to your overall plan.

Identify Alternatives – When conflicts exist due to asset structure or income needs, we will identify alternative Social Security strategies.

Report – We will provide a report comparing best, earliest, and alternative strategies for your consideration.