Social Security Tips for the Astute Retirement Advisor
Advisors who know the ins-and-outs of Social Security help their clients navigate the rules and get the most out of their benefits. While the notion of filing at age 62, sitting back and collecting that cold, hard cash is the approach that might appeal to most, it isn't always advisable.
It turns out that clients may want to keep working now and deploy specific strategies that ensure they will receive enhanced benefits. In some instances, their families can also increase their benefit amounts with proper planning (and if they meet certain criteria.)
Click through our slideshow to see just a few examples. In order to better understand the nitty gritty, Financial Planning reached out to advisors and experts across the country.
Data and takeaways in this slideshow originally ran in a 30-day series on Social Security and retirement income strategies.