Social Security Strategies

Social Security strategies are various approaches that an individual may take to maximize their Social Security Benefits.  These strategies vary based on each unique situation and can be very complex.  Age, health, income and marital status can affect each strategy or determine if that strategy would be an option for you. 

Coordinating a social security strategy with your retirement accounts such as a 401k or IRA can help to maximize your retirement income.  One strategy may be to defer social security, allowing the benefit to grow while withdrawing money from your retirement account.  Another may be determining how to take various sources of income alongside social security, while minimizing your taxable income. 

Let us help you better understand how utilizing the appropriate social security strategy can impact your overall retirement plan.