Re-think Social Security
Many think of Social Security as a monthly government I.O.U. and that they should begin taking benefits as soon as possible. However, this approach could have a negative impact on your plans for retirement. Think of Social Security as you do other pieces of your retirement portfolio. It could potentially be your largest retirement income “asset.”
There are many options regarding when as well as how to file for benefits and what you choose can mean a significant difference in the Social Security income you receive over your lifetime. Making a wise decision about your Social Security benefits may create a number of opportunities, including the potential to draw down less from your other individual retirement assets.
Deciding when to begin receiving Social Security benefits can feel overwhelming, but it doesn’t have to be.
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