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