Optimize Your Social Security. Maximize Your Lifetime Income.

Social Security is a cornerstone of your retirement plan, but the decisions you make about it can have a profound impact on your financial future. The timing and strategy you choose can mean the difference of tens or even hundreds of thousands of dollars over your lifetime. At Impact Financial, we help pre-retirees navigate the complexities of Social Security to create a personalized claiming strategy that maximizes your benefits.

Deciding when to start taking your benefits can feel like a gamble. We provide the clarity and expertise to turn that decision into a strategic advantage, ensuring you get the most out of this vital retirement income source.

optimize social security

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There is no one-size-fits-all answer. Your ideal strategy depends on a variety of factors, including your health, marital status, life expectancy, and other sources of retirement income. We'll work with you to analyze these factors and develop a personalized plan that may include:

  1. Finding Your Optimal Claiming Age: While you can start receiving benefits as early as age 62, or as late as 70, the age you choose has a permanent effect on your monthly payments. We’ll help you understand the pros and cons of each option and determine the optimal claiming age for you, and for your spouse, to maximize your total lifetime benefits.

  2. Strategies for Married Couples: The decisions you and your spouse make are interconnected. We'll analyze strategies for couples, such as one spouse delaying benefits to increase the survivor benefit, to ensure you get the most from your combined Social Security entitlements.

  3. Coordination with Other Income Sources: Your Social Security benefits shouldn't exist in a vacuum. We'll show you how to coordinate your Social Security with your investments, pensions, and other income streams to create a cohesive and tax-efficient retirement plan.

  4. Managing the Impact of Working in Retirement: If you plan to work while receiving benefits, your earnings could impact your payments. We’ll help you understand the rules and develop a strategy to avoid having your benefits temporarily withheld.

Our approach to Social Security Optimization

Common Social Security Questions We Help Our Clients Answer:

  • When should I start taking my Social Security benefits?

  • How does my decision impact my spouse's benefits?

  • Will working in retirement affect my benefits?

  • What is my full retirement age, and how does it change my payments?

  • How can I use my other retirement savings to "bridge the gap" if I delay my Social Security benefits?

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