How Timing, Spousal Benefits and Work Status Impact Your Social Security Strategy

Most Americans understand they can choose when to begin receiving Social Security benefits. The choices are fairly straightforward:

By Bob Reby, CFP^®

Retirement is an exciting time. It also creates a lot of financial anxiety.

The most recent edition of our Quarterly Newsletter featured an article titled, "Aging and Your Financial Plan," where we discussed the good news/bad news future for retiring Baby Boomers.

The good news is that we're living longer!

Two critical components of financial planning that we see as problematic for many families is not only converting their hard-earned wealth to an income stream that they can’t outlive, but also positioning that income stream in a way that the income might grow over time to keep up with rising prices and taxes.