| |
SITUATIONAL SOCIAL SECURITY BLOG
Financially Stable Retirement Income
Wednesday, August 26, 2015
When you decide to “take a load off” by resting your body on a stool, do you want to rest on a rocky bench that might cause you to either slide off or to force you to exert extra energy to continually stabilize yourself? A stable three-legged stool provides support through careful construction of each leg of the stool. A well-constructed stool provides a solid foundation to rest upon. If one leg of the stool is shorter than another, sitting on the stool provides an unstable, rocky experience.
Likewise, for financial stability during retirement, it is important to consider three elements regarding Social Security filing. Three things that a married couple should consider prior to filing for Social Security benefits are:
- Waiting until one spouse turns age 70
- Coordinating spousal benefits
- Maximizing surviving spouse benefits
It is critical that married couples view Social Security as a joint lifetime benefit. Filing too early can result in a reduced benefit. As Social Security provides surviving spouse benefits, this will affect not just one person’s life, but the lives of two people.
Intrigued? Perplexed? Wondering exactly how much income can be gained or lost by following the best strategy? Answering these questions is not easy. Each couple’s financial situation is unique. Learning how to analyze a particular couple’s financial situation and making filing recommendations relative to the complex Social Security regulations takes training and forethought. Learn more about the issues to address prior to making client filing recommendations by visiting NSSA Certification.
|
|
|
|
|
|
Subscribe To Our Blog
|
Blog Categories
General
12/17/2020 - National Social Security Assoc
11/30/2020 - Situational Social Security –
11/23/2020 - Situational Social Security –
10/13/2020 - Situational Social Security –
10/05/2020 - Social Security Retirement Ben
10/03/2020 - Situational Social Security (S
07/22/2020 - The Shrinking Social Security
07/14/2020 - Advisor Virtual Resilience Ser
06/22/2020 - NSSA, the nation's only accred
06/10/2020 - National Social Security Advis
04/22/2020 - National Social Security Advis
10/23/2019 - Premier Social Security Consul
09/11/2019 - Jim Blair helps to shed light
07/15/2019 - Premier Social Security Consul
09/20/2018 - NAIFA Conference Highlights th
10/14/2016 - Baby Boomer Market
11/28/2015 - Social Strategies
11/28/2015 - Budget Bill Changes
11/25/2015 - New Social Security Claiming S
08/26/2015 - Expert Discussion with NSSA An
08/26/2015 - NSSA Exhibits Missouri Society
08/26/2015 - Financially Stable Retirement
|
|
|
| |