As advisors, we’re committed to providing our clients with the information they need to make smart, financial decisions, at every stage of their lives. But it’s also a principle that applies to all investors — the more you know about your financial picture, the better your chances of achieving your goals.
That’s why we’re proud to launch OneBite™ Webinars, a new series that is designed to empower you with education and knowledge to help you manage your financial life with confidence.
In October 2015, we concluded the first installment of the series, “Your Guide to Social Security at Retirement”. The webinar explored the basics behind the Social Security program, essential filing strategies and best practices for making the most of your benefits. Due to a two-year budget deal that Congress passed on November 2, 2015, the information in the video below is no longer materially accurate and many of the strategies discussed therein are no longer available. Nonetheless, we wanted to share our work with you as an example of the comprehensive, educational material we will strive to continue to provide.
Here are additional resources regarding Social Security strategies:
— Fast Facts About Social Security
Watch the Webinar Above
Since the signing of the Bipartisan Budget Act, the Social Security Administration (SSA) has provided clarification on several details that were not specifically defined in the initial legislation. Here is a summary of the final details you should know: Social Security Alert: Last Call for File-and-Suspend
Get More Than OneBite: Download Our Resource Guide
There’s no one-size-fits-all answer to when you should start taking Social Security benefits. But there are a few factors that can help you determine the path that’s best for you and your retirement goals.
Our resource guide can help you navigate the decision-making process and make the most of your benefits. Click the image below to download the guide.
Fast Facts About Social Security
Social Security: It’s a hot-button issue in the media, and it’s factored into your take-home paycheck. But how much do you really know about the program?
Here are a few statistics that can shed light on the history of Social Security and where it stands today:
Did you know that Social Security turns 80 this year? A lot has changed since President Franklin D. Roosevelt first signed the Social Security Act into law — including life expectancy rates. In 1935, the average person could expect to live only 12.5 years beyond age 65.1 Today’s retirees, on the other hand, will need their savings to last much longer — one out of every four 65-year-olds will live past age 90.2
Did you know that Social Security payouts will total almost $870 billion this year? Of that amount, retirement benefits will make up $53 billion, further cementing Social Security as the cornerstone of retirement savings for many Americans.3 In fact, one-third of today’s seniors rely on Social Security for almost all of their retirement income.4
No one can predict how the program will change for future generations, but having a strategic plan in place can help you make the most of it.
Want to find out how Social Security fits into your financial picture? Contact one of our advisors