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Dear ,
I ran across an interesting article on Forbes.com the other day. Take a look.
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Yep, I thought that might get your attention.
Take a look at the first paragraph of the story.
"Social Security benefits can represent a big stack of cash. A typical monthly benefit of $2,200 has a present value well over $500,000. Consider all your Social Security options carefully to avoid making a costly mistake."
Options? What Options?
Most people think that the only option you have is when to start taking social security. Do I take a reduced rate at 62 or do I wait for full retirement age and get a bigger check? Here is more from the Forbes article.
"Like all government law, Social Security is not a simple piece of legislation. Since the Social Security Act became law in 1935, hundreds of amendments have added to the complexity. To make the best decision, you must consider health, income before retirement, income during retirement and taxes."
What may have started out as a simple system has evolved into another government bureaucracy. And as bureaucracies are wont to do, this one has become more and more complex.
Let's Take a Look at One Strategy Discussed in the Article
"About three quarters of Americans file for Social Security benefits before their full retirement age. This mistake is statistically most costly when the husband chooses to begin claiming at age 62. In this case, such a mistake would cost the Millers $152,046 in lifetime income."
"Assuming normal life expectancies, Linda should file for benefits at age 63. James will be age 66 at that point and have the opportunity to pursue an often overlooked Social Security loophole. He can choose to file only for his spousal benefit and delay filing on his own benefit until age 70. We call this "File as a Spouse First," or "FAASF." You can see the results of this optimal strategy listed in the table. Each box represents the amount of total lifetime benefits that would be sacrificed if James and Linda did not file at their optimal ages."
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Pretty amazing isn't it? One simple change in strategy and this couple will get an extra $150,000+ in social security benefits if they live to their life expectancy. Would you like to get an increase like that? And how about that File as a Spouse First strategy. Did you have any idea you could do stuff like that? If you can do that what else can you do?
How in the world does the average person figure this out?
Folks, that's where we can help. We now have the ability to do a Social Security Solutions Analysis for you. Would you like to know what your personal optimal age is to begin receiving Social Security benefits? Not some generic rule of thumb but an analysis based on your actual personal situation? Would you like to know if any of the spousal strategies would work for you? If so then give us a call or simply click here to email us and request your FREE Social Security Solutions Analysis. preames@reamesfinancial.com.
That's right, for a limited time only we will provide your Social Security Solutions Analysis free of charge. Simply tell us in the email or phone call that you'd like the Social Security Analysis and we will give you a call to get the information that we need from you to do the analysis (So make sure to put your phone number in the email).
Let's take a look at a little bit of the report.
The report will cover the following issues.
You'll get to see the actual numbers so that you can make an informed decision of when it will be best for you to take your social security.
As well as graphs to show you the break even points of the different strategies..
Once we have the analysis in hand we can help you figure out when to take your social security, what if any spousal options will be beneficial to you, and most importantly, how to implement a plan to make it all come together.
The Forbes article says it way better than I can:
"Social Security planning is crucial for everyone. People with significant assets should carefully consider both the lifetime benefits and tax consequences of Social Security in light of their overall portfolio strategy. For the less well off, Social Security benefits will dictate their retirement lifestyle. Proper planning could well determine what they can afford to eat."
It's too crucial of a decision to take lightly. Let us help guide you. Call or email today for your Social Security Solutions Analysis! preames@reamesfinancial.com.
Until next week , Protect Your Wealth!
Sincerely,
  
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