Do not decide when to take your Social Security by rolling the dice. Make your Social Security a Win-Win situation, whether you are retired or not yet retired.  

Is your retirement where you thought it would be? About 80 percent of Baby Boomers claim during retirement they will be able to live on their Social Security and take money out of their savings and investments when needed for those extra expenses.

That may not be the reality of your retirement. The Society of Actuaries reports that most retirees discover their expenses actually increase after retiring due to rising medical costs and the fact there is more time to spend, going out to eat and travel.

If you were fortunate to have retired with a pension, you many have had four sources of income in retirement, such as retirement accounts (401k, 403b, IRA), Savings, Pension and Social Security.

Today’s retiree usually has three sources of Income in retirement:  Savings, 401ks, and Social Security.  If you aren't retired, you may rely on Savings/investments, 401ks, Social Security and part time income in retirement.
* So...where do most people go to get advice about taking their Social Security?

The answer I get most often is “the Social Security website, case worker or asking others."

How Social Security fits into your retirement income plan can work in your favor when you become educated about the best time to take your benefits.   You may choose  reduced benefits at age 62 , at your full retirement age or age 70 to receive maximum benefits.

Stay tuned for more info about Social Security and how it best fits with your Money Slice of Life!


Dee
Dee Siegferth
President & CEO
The Milestone Center
www.themilestonecenter.com

Do not decide when to take your Social Security by rolling the dice. Make your Social Security a Win-Win situation, whether you are retired or not yet retired.   Is your retirement where you thought it would be? About 80 percent of Baby Boomers claim during retirement they will be able to live on their Social Security and take money out of their savings and investments when needed for those extra expenses. That may not be the reality of your retirement. The Society of Actuaries reports that most retirees discover their expenses actually increase after retiring due to rising medical costs and the fact there is more time to spend, going out to eat and travel. If you were fortunate to have retired with a pension, you many have had four sources of income in retirement, such as retirement accounts (401k, 403b, IRA), Savings, Pension and Social Security. Today’s retiree usually has three sources of Income in retirement:  Savings, 401ks, and Social Security.  If you aren't retired, you may rely on Savings/investments, 401ks, Social Security and part time income in retirement. * So...where do most people go to get advice about taking their Social Security? The answer I get most often is “the Social Security website, case worker or asking others." How Social Security fits into your retirement income plan can work in your favor when you become educated about the best time to take your benefits.   You may choose  reduced benefits at age 62 , at your full retirement age or age 70 to receive maximum benefits. Stay tuned for more info about Social Security and how it best fits with your Money Slice of Life! Dee Dee Siegferth President & CEO The Milestone Center www.themilestonecenter.com