Did you know that the retirement estimates on your Social Security statement may include future earnings?
What if you want to stop working at 60? This may make sense if you have other sources of income, such as an employer-provided pension, personal retirement savings, or a spouse’s income.
What would your benefit be with the lack of this earned income prior to beginning your claim?
We can help you reach your retirement goals by considering the advantages and disadvantages of early retirement.
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The report is for informational purposes only. All the information provided is based on Social Security rules, benefit calculations, and payout promises of existing Social Security policy at the time the report is printed. The purpose of the report is to educate and give general guidance to help craft a personalized approach to taking Social Security. The Social Security claiming strategy highlighted in the report is generated based on information you provided. That information includes estimates of your and, when applicable, your spouse's Primary Insurance Amount, life expectancy(ies), and date(s) of birth. If this information you provided, including your life expectancy projection(s), should prove wrong after the fact, then the recommended strategy may not be the best strategy after the fact. Before selecting this or any other claiming strategy, you should analyze and compare it with other scenarios generated by your financial professional. The optimal strategy for a specific client depends, in part, on that client's tradeoff between the goals of maximizing expected lifetime benefits and minimizing the risk of outliving his or her financial assets. As such, it is ultimately the responsibility of the client to carefully consider the recommended strategy before adopting it as his, her or their own. The report should be used only as a general guideline and not as the ultimate source of information about Social Security claiming strategies. The report is created using software developed by MoneyGuidePro®. MoneyGuidePro® shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused, or alleged to be caused, directly or indirectly, by information contained in this report. MoneyGuidePro® and LPL Financial are not affiliated entities.
