In our experience the vast majority of Americans spend more time planning their 2-week vacation than they spend on maximizing their Social Security benefits! When to claim your Social Security benefit is arguably one of the most important financial decisions that a retiree makes as their lifetime benefits (including their spouse) can total more than $1 million dollars. When is the right age to start claiming benefits? What are the advantages to waiting longer to claim benefits? How are benefits affected in a divorce? At Brandywine Oak, we analyze each of our clients’ unique situations to develop a Social Security strategy that maximizes their benefits throughout retirement.
To learn more about Social Security, please read Fidelity’s guide “5 Social Security Myths Debunked”: https://lnkd.in/drD4ZgR.