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SOCIAL SECURITY MAXIMIZATION

5 Important Questions You Should Know

For many retirees, Social Security benefits form the foundation of their retirement income, considered a "reliable source" of income. In order to make sure you are maximizing your benefits, you should have a solid understanding of the complex program of Social Security benefits and how your payment can be a huge advantage in your retirement income for the purpose of tax savings, as well as a spouse potentially receiving a higher income in the future.

We have put  together a brochure that can help answer the following questions for you:

  • What are your Social Security amounts?

  • When is the best time to start taking your Social Security benefit?

  • What are the options if you are married?

  • Does earning additional income while taking Social Security impact the value of your benefit?

  • Do you pay tax on Social Security benefits?

Our Advisor will cover any questions you may have...

Just a few of the questions we receive the most from our clients is, "when is my full retirement age?", and "how much will my benefit be if I start at age 62?" Our personalized Social Security Maximization Report will provide those answers for you, along with other key dates that you want to see benefit information for.

 

The chart below shows at what age you can start your "full benefits". 

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The chart below shows the reduction in your benefit by starting at 62, as well as your reduction in Spousal benefit starting at 62. 

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At Rise Financial Group we help our clients understand their Social Security benefits and educate them on how they potentially maximize their benefits. By delaying filing for Social Security, you can potentially increase your benefit amount by the rate of eight percent per year. For someone born in 1960 and starting benefits on their 62nd birthday, they are telling Uncle Sam they will accept 30% less benefits for the rest of their lives. Are their reasons for starting early, yes. Was it critical that you start at 62, maybe.  Do you hate your job? Is your health declining? There are many questions to be answered and many programs we have that can bridge your income until starting. 

You have worked your entire life and earned everything you deserve to get paid from Social Security, why throw away 30% plus of that payment out the window? 
Please click the button below to schedule a no-obligation appointment with a Registered Investment Advisor, we can implement a strategy for higher income.

FAX: (480) 409-7244

3303 E Baseline Rd #107  Gilbert, AZ 85234

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©2024 by Rise Financial Group

Disclosure: All written content on this site is for information purposes only. Opinions expressed herein are solely those of Rise Financial Group and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or  completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Insurance and Advisory services are offered by Rise Financial Group a Registered Investment Advisor in the States of Arizona, Minnesota, North Dakota, or where otherwise legally permitted.  The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the States of Arizona, Minnesota, North Dakota, or where otherwise legally permitted.  Content should not be viewed as an offer to buy or sell any of the securities mentioned or as legal or tax advice. Rise Financial Group does  not offer tax planning or legal services, but may provide references to accounting, tax services or legal providers.  You should always consult an attorney or tax professional regarding your specific legal or tax situation. Rise Financial Group is not engaged in the practice of law.  Hyperlinks on this website are provided as a convenience. We cannot be held responsible for information, services or products found on websites linked to ours.   Images and photographs are included for the sole purpose of visually enhancing the website. None of them are photographs of current or former clients. They should not be construed as an endorsement or testimonial from any of the persons in the photograph.

Neither Daniel Anderson nor Rise Financial Group are associated with, endorsed or employed by the Social Security Administration or any Government agency.

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