Social Security Analysis
Making one choice about Social Security benefits isn't easy. And making the right one-time decision can add up to an additional hundreds of thousands of dollars in Social Security income over your lifetime. At Family Investment Center, we want our clients to know how important Social Security benefits are and that they do have options – but they can only decide once, so knowing the facts is crucial.
In fact, Social Security is not a “sign and you're done” situation. You have 12 months from the date you file your claim to choose a more favorable election method. It's a long-term payment stream from the government that you've already purchased, and it deserves a second look. That's why we have dedicated team members working on Social Security maximization. Our team uses specialized software to guide individuals and couples through the options. Some couples can see a difference between potentially drawing $500,000 versus drawing $650,000 in total benefits over their lifetimes.
Elaine Coder is a Social Security specialist and investment advisor at Family Investment Center, and she has extensive experience with the software used to maximize benefits. No one knows exactly how long they will live, so the best approach is to look at several scenarios before deciding. Elaine uses the program to generate various scenarios to help clients make informed decisions. If you have unique family history or medical issues, those may be considered as well.
The rules for Social Security maximization can be very complex, even though it's fully insured by the government. Let the professional advice we offer help you make the most of your benefit return. Knowing all your legitimate Social Security benefit choices and how they apply to you means more freedom, more money, and more peace of mind. Contact our team today, and we'll help you identify the right choices for you and your family.