What Does This Mean to Your Social Security Retirement Income Payments?
Literally Tens of Thousands of Dollars To You In Retirement!
A Real Life Example: A 63-year-old couple with one above average earner (Payment of $1,560.00 per month at full retirement age) and a lesser earning spouse (Payment of $748..00 per month at fullretirement age), who both live to average life expectancy could lose over $46,000.00 in family benefits by making the worst possible decision for when to start receiving Social Security retirement payments.
* If they both start at age 62, they could be losing over $45,000.00
* If they both start at age 66, this couple could still loose over $21,000.00
* Simply postponing the start date isn't the answer either. If they both delay to age70, they could be losing over $33,000.00
Click Here to view their Social Security Max report.
The Choice Is Yours!
When to Start Your Social Security Retirement Payments Is One of the Most Important Decisions of Your Life!
There are many different combinations of ages and payment strategies possible. The decision of when to start your social security retirement payments is much more complex than people realize.
The difference between the best and worst possible decision of when to start Social Security retirement payments can be well over $90,000.00!
Social Security Max
Maximizing Your Social Security Retirement Payments
What if you could analyze hundreds of combinations and determine which one pays you the most?
“The Change" Game
When You File Makes All the Difference
If you apply for Social Security benefits before full retirement age, you automatically get all the benefits for which you are eligible... You have no chance to pick and choose strategies. At full retirement age and beyond, you have several ways to start a limited benefit for a limited period of time, then switch to a larger benefit later on in your retirement. This bility to change elections is extremely important.
A recent study suggested that these strategies represent over $10 Billion in unclaimed Social Security
benefits. For an individual family, it is not uncommon to receive an additional $20,000 to $40,000 or
more in benefits.
There are two basic techniques that enable switch strategies: the “restricted application,” and the “file
and suspend.” When you go to the Social Security office, the individual you meet with has been trained to
help you identify the highest benefit you can get today, not necessarily over your lifetime, and definitely
not over the joint lives of you and your spouse. As a result, you are unlikely to hear about these techniques
during a typical visit.
Restrict Benefits
Once you reach Normal Retirement Age, you may file your application and exclude certain
benefits. If a benefit is excluded, it will continue to build delayed retirement credits.
As an example, a higher-earning spouse, who may want to wait until age 70 to collect his own benefit may be able to file at 66 for only the benefit available under his spouse’s work record, while still allowing his own benefit to build delayed retirement credits. At age 70, he would change to his own benefit. Alternatively, a lower earning spouse could restrict his or her application to only spousal benefits while continuing to claim delayed credits on his or her own earnings record.
File and Suspend
Spousal benefits are not available until the primary earner has filed for his or her own benefits. The Senior Citizens’ Freedom to Work Act of 2000 allows a worker to earn delayed retirement credits after filing for benefits if he requests that he not receive benefits during a given period. As a result, a higher-earning spouse can file for benefits, then immediately suspend the benefit, and continue to earn delayed credits. In the process, he will have made his spouse eligible for spousal benefits under his earnings record.
Using the "Change Game" and "File and Suspend" Strategies
Creates Many Possibilities.
Benefits and strategies are gender neutral. One spouse elegible for a lesser benefit has the same choices as the other spouse who earned more and qualifies for a larger payment.
Mant combinations of the two techniques are also allowed. For example, the earner with a higher benefitcould file and suspend to make a spousal benefit available to the other spouse, who could then file a restricted application for only spousal benefits. This would allow both earners to earn delayed retirement credits on their own earnings records while one spouse still collects benefits now
The Solution
Your Social Security Max Report:
Using state of the art copyrighted software we analyze hundreds of possible combinations, including 81 possible age combinations across nine possible election strategies and find the one option that offers the highest expected lifetime benefit for you and your spouse.
We provide a summary of the best, worst and two common election strategies..
In Your Social Security Max Report
you will find:
The Best, Worst, and Common Payment Starting Choices and the likely effect each will have on your total retirement payments.
Graphs of expected outcomes for each starting age combination.
The effects of “Switch and Change Strategies” that could further optimize your social Security retirement income payments.
Click here to view a sample Social Security Max Report.
For most people, Social Security is the only income
stream they get...And:
Payments to you are indexed (increased) for inflation.
The income receives favorable tax treatment and in many states is state income tax free.
Provides income you cannot outlive.
Is backed by the full faith and credit of the United States.
Why Maximize Social Security?
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VERY SOON!
Not endorsed or approved by the Social Security Administration or any other Government Agency.
IImportant Notice: Robert Esch is a business, tax, and Social Security Benefits consultant and receives fees for rendering advice in these areas. He is not an investment advisor and makes no recommendations regarding a client's investments. He is also a licensed life insurance and fixed annuity agent in several states. He receives a commission paid by the companies he represents for placing life insurance and fixed annuity business for his clients.
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