Social Security …

Social Security …

Always in the news, always on our minds, and now it seems invitations to learn about Social Security are always in our mailboxes!  Just this week we received two invitations to “Social Security and You” seminars offering a “conversation” and free food.  We met another advisor this week who travels up and down the Front Range giving 2 – 3 Social Security seminars a week to prospective clients.

Of course, we look at “Social Security and You” a different way.

We prefer to meet with you individually and discuss your needs and concerns around Social Security, because after all we know your financial picture better than a speaker at a seminar.  And, we prefer to invest our time planning on behalf of you, our client vs. hosting seminars that can take away valuable client management resources such as time, energy, and focus.

As people are living longer, Social Security “claiming strategies” become very important to consider because they determine when and how much money is in your hands, and for how long.   For couples, strategies are critical because when the first spouse dies it is important to maximize the amount the other spouse will receive.  And for divorcees, there can be SS strategies in play too with your ex-spouse.

The key is to research your personal claiming strategies to determine which are right for you (and your spouse) in the context of your cash flow and needs.  We are here to help you do that through advanced planning tools we utilize such as Social Security Analyzer, eMoney, and diagnostic planning with One Capital Management.  In fact, the cash flows that we have prepared for clients already take Social Security into consideration.

We have three articles posted to our website which you may find interesting.  The first is Social Security a Woman’s Perspective and the second is Social Security Guide FCC (this one is rather lengthy), and last, Understanding Claiming Strategies.  (All of the articles have been prepared by First Clearing, your custodian).