Social Security benefits are a core component of Americans’ retirement plans. One of the most important decisions you can make with regard to Social Security is when to start collecting benefits. Claiming benefits too early can result in permanently reduced benefits, potentially leaving hundreds of thousands of dollars on the table over the course of your lifetime. An effective Social Security claiming strategy also involves coordinating the three different benefit streams (worker, spouse, and survivor).
At B|O|S, we analyze our clients’ unique situations as they relate to their ages, health, life expectancies, and cash flow needs to help them determine the best possible strategy for claiming Social Security benefits.