Start Planning Today!
Traverse City 231-943-2920
Alden 231-331-5500
Trusted Relationships, Personalized Plans
There are many questions investors have regarding social security:
Just to name a few!
The answers to these questions are different for each investor and depend upon their unique circumstances. We work with clients to develop the right Social Security claiming strategy for their situation. Knowing when to start taking Social Security benefits is a difficult decision and the right answer depends upon a number of different factors.
The chart below demonstrates that when you begin to receive your benefits has a significant impact on the total benefit you will receive. Which is why having a strategy that is based on your personal situation is very important to your overall retirement plan.
For example, as the diagram below illustrates, if you receive Social Security before full retirement age (FRA) your overall benefit will be less than waiting until FRA with all other factors the same.
Review this Maximizing Social Security Guide that offers an overview of how social security benefits work and the critical factors that relate to making the most of them.
When meeting with the advisors at Craig Wealth Advisors, we will discuss various Social Security claiming strategies including:
Contact us for help in determining what claiming strategy is right for you.
Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation.