#47 - Three Game-Changing Social Security Strategies
READ THE TRANSCRIPT
Your Social Security decisions can significantly impact your financial future. How can you make the most of these benefits while avoiding common pitfalls?
In this episode, I explore three lesser-known Social Security strategies that could transform your retirement income plan. From timing benefits to maximizing survivor payouts, I give practical advice to help you make informed decisions for a stronger financial future.
Tune in to learn about:
- Withdrawing Social Security applications to correct early filing decisions, including the repayment process and impact on benefits
- Suspending benefits at full retirement age to increase future payouts or enhance survivor benefits for a spouse
- Claiming six months of retroactive benefits for flexibility in tax and income planning
- The tax implications of Social Security strategies, highlighting scenarios where planning minimizes lifetime tax liability
- The importance of consulting financial advisors who specialize in retirement to tailor strategies to individual circumstances
- And more!
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Episode Resources:
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- #39 - Empowering Women through New Beginnings with Shalonda Waggoner
- #40 - Social Security Fairness Act
Are You Retiring Soon?
