How is my social security calculated? Social Security is calculated using your 35 highest paid earnings years and then averaged using the benefits calculation formula. You must have worked full time for at least 10 years to qualify for any social security retirement benefit. Currently, full retirement benefits age is between age 66 and 67 (October 2018). […]
Are you getting the most from your social security benefits?
Social Security is a major source of income for retirees. There are numerous factors to consider when applying for your benefits. Everyone’s scenario is very unique and with some planning and calculating. We can help you make sure you maximize your social security benefit for yourself along with your spouse and family. There are over 2,000 claiming strategies, so it is important you get the result you need.
Factors to consider when applying for your social security benefit:
Some questions to determine How and When to Claim
- Will you continue to work after you claim Social Security?
- In relationship to your Full Retirement age, when do you and your spouse plan to start claiming
- Will your claim be based on your claim or your spouses?
- Should you change from receiving benefits based on your earnings or your spouses earning?
Please call us for help with looking at strategies for optimizing your social security benefits. We have access to software to help calculate your personal scenario