Chrome CSS Drop Down Menu

Call Us
(877) 656 9111

Laser Financial Group Samuel N. Asare
Books and Reports Videos Articles Press Releases Media Room
FAQs Ask Us Your Question
CPE Credit Media Kit Important Links Code of Ethics Privacy Policy
Articles

Are You Leaving Social Security Money on the Table?

by Samuel N. Asare

SS_ostrich

When it comes to maximizing Social Security benefits, many – sadly including so-called financial advisors – are under the wrong notion that there are only two basic options: (1) collecting at early retirement or (2) waiting until full retirement age (FRA). As this complimentary special report shows, whether you’re married, divorced, or widowed, you have several options and strategies that could get you more money than you might imagine.

How is that possible when you’re not even aware of all your options in the first place? Or even worse, when your advisor is one of the many who doesn’t know what he or she doesn’t know in this regard?

Deb’s retirement advisor is a trusted family friend she’s known and worked with for years. She’s looking forward to retiring in eight months when she turns 66. Her advisor has determined that between Deb’s pension and Social Security, she’ll be OK, so she really didn’t see any need to seek a second opinion. However, her coworker strongly encourages her to do so – after all, it’s complimentary! So she reluctantly makes an appointment to see yours truly.

During our meeting, I discover that, although currently single, Deb was married for nearly 35 years – and that’s the game changer! Wondering why? Her financial advisor was completely wrong in thinking she could only – and therefore  must – apply for Social Security benefits based on her “own” work record. The thing is, she also qualifies for benefits based on her ex-husband’s work record. Yes, and it’s completely legal!

In this particular instance, such a move is even better, because her ex-husband earned so much more money that it turned out her monthly benefit would be almost $300 more than if she based her claim on her own record.

And it gets better still! By going this route – and getting more income now – Deb also has the opportunity to earn “delayed retirement credits,” which increases her “own” benefit amount by 8% a year for the next four years, until she reaches age 70. As the math turns out, at that time, she will switch from her current claim to her “own” much larger maximum benefit. Yes, that’s right: she gets more today, and even much more at age 70 and beyond.

By the way, all of this is completely legal, totally acceptable, and will not affect her ex-spouse and his new wife’s benefits in any way. Not too shabby, right? 

To be clear, I don’t expect every financial advisor to become a Social Security expert. However, given the role that Social Security benefits play in retirement, is it too much to ask that every so-called retirement consultant have some basic knowledge of all the possible options?

Of course, everyone’s situation is different. But are you sure you’re aware of ALL of your options when it comes to maximizing Social Security payouts, not just for yourself, but for your immediate family as well? You can start by downloading a complimentary copy of our special report.


1 2 3 4

Laser Financial Group LC BBB Business Review

Call Us
(877) 656 9111

Linkedin twitter facebook Youtube

Home | Our Solutions | Blog | Presentations | Consultation | Your Questions | Books & Reports | Videos | Laser Financial Group | Samuel N. Asare | Media Kit | Articles | Press Releases | CPE Credits | Media Room | Important Links | Code of Ethics | Privacy Policy | Contact Us

This website is for informational purposes only. All opinions expressed are solely those of Laser Financial Group, LC., and our editorial staff. The information is not to be construed as any form of professional advice, nor as solicitation for the purchase or sale of any security, whatsoever. No particular outcome is guaranteed. No strategy can guarantee a profit, protect against loses, or ensure peace of mind. Recommendations are based solely on third party insurance products for which we receive compensation. Laser Financial Group, LC, does not provide investment advisory services. This does not constitute an offer to provide services in any jurisdiction in which such offer or solicitation would be unlawful under the laws of such jurisdiction. Any United States tax reference on this website is not intended to be used, and cannot be used for the purpose of avoiding penalties under the Internal Revenue Code, or promoting or recommending to another party anything addressed herein.

All Rights Reserved - Laser Financial Group, LC. 2008 - 2017

website by transNETMedia.com