A shocking 2019 study by Forbes revealed that only 4% of retirees maximize Social Security benefits. Social Security mistakes cost the average U.S. household $111,000 over their retirement years.
This is staggering, giving that for most middle-class Americans, over 50% of their retirement income comes from Social Security.
Don’t make the mistake made by 96% of retirees! Ensure that you will maximize Social Security benefits by making the right decisions up front and along the way.
Maximizing Social Security Benefits is Vital Because of Increased Longevity
One of our biggest risks in retirement is longevity. When Social Security was instituted, it was not meant to be the long-term retirement plan it has become, as we age longer.
The longevity issue means we have to pay even more attention to ensure we maximize Social Security benefits over time. Ensuring you get your Social Security decision right is paramount, regardless of where you stand on the financial spectrum.
IRAs, 401(k)s, real estate, part-time work, and other income sources must seamlessly align with your overall financial strategy.
These decisions aren’t light. They’re about safeguarding the hard-earned money you’ve meticulously saved and invested.