); ga('require', 'displayfeatures'); ga('require', 'linkid'); ga('set', 'anonymizeIp', true); ga('set', 'forceSSL', true); ga('send', 'pageview');

4061 Powder Mill Road, Suite 705 • Calverton, MD 20705 • Phone: 301.595.8600 • Toll Free: 877.595.8605

I hope you’re all doing well and enjoying summer. I’m sharing this helpful infographic below on Social Security not just to dispel some common myths, but more importantly, to encourage you to start a conversation with us. As you may know, there are benefits to waiting to file for Social Security, but depending on your individual circumstances, it may also be advantageous for you to file earlier.  There’s really no one-size-fits-all approach when it comes to Social Security and that’s why planning in advance is essential – and it’s never too early.   

Our team takes pride in being experts on the development of customized retirement income plans. While you’ve been saving for retirement and understand that Social Security provides only a portion of your monthly retirement income, it’s still an important piece of your overall financial picture. One of the most pressing concerns we hear from clients approaching retirement is worrying about running out of money at some point during their life. Based on your retirement goals, we work with you to ensure long-term income strategies to optimize both Social Security and your retirement savings.  By developing a realistic plan and understanding  how much you can really afford to use each month, you’ll feel confident as you approach this important milestone in life.  

Another helpful resource is Deb Kelly’s one-hour webinar, How Does Social Security Fit Into Your Retirement Puzzle? which explores various considerations for maximizing your benefit. Regardless of your age, I encourage you to reach out and schedule an appointment so we can review your current plan to help ensure that you’re on track for long-term income during retirement. I hope you enjoy the rest of the summer and we hope to see you soon!

Take care,

 Todd M. Wike, CFP®
CERTIFIED FINANCIAL PLANNER™
Managing Partner, Potomac Financial Group
2021 RJFS Chairman’s Council Member*

The information contained in this material does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Todd Wike and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor’s results will vary. Past performance does not guarantee future results. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. Raymond James is not affiliated with and does not endorse the services or opinions of the various podcasts or applications discussed in this material. Chairman’s Council Membership is based on prior fiscal year production. Re-qualification is required annually. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of advisors future performance. No fee is paid in exchange for this award/rating. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®,CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.