Your Guide to Social Security at Retirement (Webinar)

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:

— Webinar Video

— Resource Guide

— 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.

When Should You Take Social Security Benefits?

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:

74 Trillion Paid in Social Security Benefits

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

59 Million Received Social Security Benefits in 2014

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

 

Hewins Financial Advisors, LLC d/b/a Wipfli Hewins Investment Advisors, LLC (“Hewins”) is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940. Hewins is a proud affiliate of Wipfli LLP. Information pertaining to Hewins’ advisory operations, services and fees is set forth in Hewins’ current Form ADV Part 2A brochure, copies of which are available upon request at no cost or at www.adviserinfo.sec.gov. The views expressed by the author are the author’s alone and do not necessarily represent the views of Hewins or its affiliates. The information contained in any third-party resource cited herein is not owned or controlled by Hewins, and Hewins does not guarantee the accuracy or reliability of any information that may be found in such resources. Links to any third-party resource are provided as a courtesy for reference only and are not intended to be, and do not act as, an endorsement by Hewins of the third party or any of its content or use of its content. The standard information provided in this blog is for general purposes only and should not be construed as, or used as a substitute for, financial, investment or other professional advice. If you have questions regarding your financial situation, you should consult your financial planner, investment advisor, attorney or other professional. Hewins does not provide tax, accounting or legal services.
OneBite Editorial Staff
OneBite Editorial Staff

OneBite® is a Top 50 Financial Advisor Blog powered by Hewins Financial Advisors. Founded in 2011, the digital magazine is dedicated to providing intelligent, in-depth coverage and analysis of the top financial and economic issues facing investors today.

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Your Guide to Social Security at Retirement (Webinar)

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