Don't let the seemingly simple process of claiming Social Security benefits lead to costly mistakes. Our dedicated advisors specialize in Social Security strategies, offering personalized guidance to help you avoid pitfalls and optimize your retirement income. We analyze your specific circumstances and provide expert advice on filing strategies, timing considerations, and spousal benefits. By partnering with us, you'll gain the confidence to make informed decisions that can significantly impact your long-term financial well-being. Secure your Social Security future with our trusted expertise!
Get Educated
Good planning involves education. Learn how social security works so you can make the smartest decisions.
Strategize
Social Security is just 1 part of your retirement income. Work with FERA to decide the best time to take it in order to maximize the benefit
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Here are a few important things to know when it comes to taking Social Security. For further information and to see how this applies to your specific retirement, contact us!
- Basics
- Considerations
- How Can FERA Help
The things you probably already know about Social Security
- In order to receive Social Security benefits, you need to have earned enough credits throughout your working years.
- You can claim Social Security as early as 62 and will want to claim no later than age 70 as there is no additional benefit to wait beyond that point.
- Your Social Security benefit may increase annually to keep up with the rising cost of living. This is known as a “COLA” (Cost of living adjustment)
Important things that you may not know about Social Security
- If you start taking Social Security BEFORE your “Full Retirement Age” (which is between 66-67 depending on what month/year you were born) you will have a significant reduction in the lifelong benefit.
- Drawing AFTER your FRA (up to age 70) will result in an increase in lifelong benefit. This increase accrues at 8% PER YEAR! But waiting may not always be ideal, so this takes planning.
- In the event of your spouse's passing, you could be eligible for survivor benefits to help maintain your income.
These things can be complicated; there's no shame in asking for help.
Claiming your Social Security benefits is a critical decision that should not be taken lightly. Our knowledgeable advisors are here to expertly guide you through and avoid the pitfalls associated with the process. We provide tailored strategies and personalized guidance based on your unique situation. With our expertise, you can optimize your benefits, minimize taxation, and enhance your retirement income. Rest assured that our team stays informed about the latest changes and regulations, ensuring you receive accurate advice and proactive solutions. Make the most of your Social Security benefits with our trusted advisory services.
