UPCOMING WORKSHOP DATES
Due to the Coronavirus, all in-person group workshops are postponed until it is lawful and safe.
Workshop Topics Covered:
Advantages and disadvantages of applying early
Understanding how your decision will impact you now and down the road will often lead to good decision making. It’s critically important to ensure you’re getting the proper amount of guaranteed income from your Social Security Benefit
Advantages and disadvantages of delaying your benefits
The longer you wait to start your benefit, typically the higher your monthly income. There are situations when delaying makes sense and situations where it makes sense not to delay. Having this information can significantly enhance your Social Security decision making.
Strategies for coordinating benefits with your spouse
With the elimination of “File and Suspend” and the phasing out of being able to do a “Restricted Application”, means it’s more important than ever to understand and coordinate your Social Security Benefit with your Spouse to maximize your Social Security Retirement Income. At the workshop we review the current techniques and their proper application to assist you in making a good decision.
Rules for Divorced Spouse Benefits
It’s very important for a Divorced Spouse to fully understand his or her options. For the last 10 years of doing Social Security workshops, many divorced spouses came out of the workshop saying they would have made a mistake, if not attended. If you’re divorced, let’s make sure you’re one of the people who will not make a mistake.
Rules for Survivor Benefits
Of course, one spouse will become eligible for a survivor benefit at some point. This is an area I have found many Widows and Widowers have made bad decisions which are now impacting their lives. Understanding the rules always leads to good decision making.
Taxes, Taxes & more Taxes
Up to 85% of your annual Social Security can be subject to Federal Income Tax. Most people will have to pay at least some tax on their Social Security Benefits. You will learn several ways to reduce your overall “Federal” Income taxation and these same methods may assist in reducing taxation of your Social Security Benefits.
How to coordinate your Social Security options with your overall Retirement Income Plan
One of the reasons some people make poor decisions is they don’t realize how their Social Security decision will impact other areas of their retirement. Understanding how each claiming strategy will impact your planning can assist you in living the retirement you so much desire.