Social Security Planning
What if you claim your Social Security benefit at the earliest date? What if you waited until your full retirement age? What if you waited until the maximum age for delayed credits? Is there such a thing as claiming too early? What if you your higher earning spouse claims at the earliest date and then dies? What happens to your survivor's benefit? The answers to these questions have a significant impact on your lifestyle. What would you do differently? How can you evaluate the different claiming strategies side by side?
Can you get a comprehensive estimate of different Social Security claiming strategies? Can you get advice without being sold an insurance policy or annuity product? Jersey Shore Financial Advisors LLC can provide you with an analysis of your Social Security claiming options. We'll look at the benefit amounts available at various beginning dates. We will illustrate the survivor income benefits available (if any) and help you decide what is the the course of action that is in your best interest. We won't try to sell you any high priced insurance or annuity product.
Our analysis includes:
Complete a break even analysis to determine if you should consider delaying benefits;
Estimate your lifetime Social Security benefits;
Evaluate how best to coordinate spousal benefits for maximum income and protection for the surviving spouse;
Optimize benefits taking into account your age, current health status, life expectancy, earned income, taxes, and overall financial goals.
Fee:
The cost for this service is a simple flat fee of $500 for an individual or couple (couple meaning two people that are relying on common earnings histories). The fee covers the initial conversation regarding your Social Security claiming objectives, analysis of the available scenarios and a second meeting for presentation of our recommendations.
