Mullennium Finance LLC exists to aid and help those who seek our advice about life and life goals as they progress and grow while facing some of life’s major events. For example, the birth of a child, buying a home, an unexpected inheritance, dealing with a divorce or the loss of a loved one. All planning deals with much more than financial numbers. We work through the conflicting aspects of helping parents support their children in college while not breaking their retirement nest egg and guide those who have charitable intent and legacy intentions.
Knowing when and how to claim your Social Security retirement benefits can be confusing and sometimes overwhelming. Make sure you ask questions and more importantly, make sure you understand the answers. A few things to consider:
Strategies have changed!
Know your “Retirement Age”
Know the benefits of “when” to turn on your benefits
Work with a financial professional
of people surveyed receiving Social Security Benefits, said it accounts for at least 50% of their income.
Source: “Longevity Risk and Reward for Middle-Income Americans,” Bankers Life and Casualty Company Center for a Secure Retirement, in conjunction with the Boomer Project.