Bay State Insurance Agency, Ltd. 
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Social Security Analysis

 

    "A WISE STRATEGY FOR CLAIMING SOCIAL SECURITY BENEFITS MAY RESULT
     IN ADDITIONAL RETIREMENT INCOME"

     

    ABOUT SOCIAL SECURITY
    Social Security retirement benefits help provide lifetime inflation-adjusted income.  Combined with your retirement savings, plus any pension benefits you may
    receive, Social Security may serve as an important component of our overall
    plan for retirement income.


     


    DON'T AUTOMATICALLY THINK THAT CLAIMING SOCIAL SECURITYBENEFITS EARLY IS YOUR BEST DECISION
    It may have been the right choice for your parents, but it could be he wrong
    choice for you.

    In fact, if you feel that you are likely to live to age 80, or, 85, you should think
    carefully about delaying benefits until even after your full retirement age.  This
    is because for every year that you wait beyond full retirement age, your monthly
    check will be increased by an additional 8%.

    Waiting until age 70 means receiving 32% more retirement income versus
    age 66, and 75% more income compared to age 62.  That's $1,800 per
    month at age 63, versus $3,168 at age 70.

    WHEN CAN YOU CLAIM SOCIAL SECURITY?
    Eligibility for Social Security begins "early", at age 62.  However claiming early will reduce your monthly check - permanently.  There are many issues to consider when deciding to claim benefits.





    HAVE YOU THOUGHT ABOUT HOW LONG YOU MAY LIVE IN RETIREMENT?


    Have you ever thought how many years you might spend in retirement?  While
    we can't know for certain, we should think about how life expectancy has
    increased in the decades since Social Security began.

    In 1935, life expectancy in the U.S. was 61.7 years.  By 2010 it had increased
    to 78.7 years.

    Consider a married couple age 65.  There's a 50% chance that one spouse
    will live to age 92.  And a one-in-four chance that one spouse will live to age 97.

    As of December 2010, 5.8 million Social Security beneficiaries were at least
    age 85.  Some much older.  But collecting Social Security benefits well into
    old age is nothing new.


    With Our Social Security Maximization Service…

    • We will show you how to get your Social Security Benefits Statement directly from Social Security
    • We will compile the necessary information for the Social Security Analyzer Programs
    • We will input all necessary information for your customized analysis
    • Using the software, we will analyze thousands of possible election strategies and identify the ones that offer the highest lifetime value at various ages.
    • We will examine your Social Security Election Strategy in light of your assets, income streams and goals to identify potential conflicts.  We’ll help you match your Social Security decision to your overall retirement plan.
    • When conflicts exist due to asset structure or income needs, we will identify alternative Social Security Strategies.
    • Your detailed analysis will compare best, earliest and alternative strategies based on your goals.
    • We will personally present and review your customized Social Security Maximization analysis and answer any questions you may have.

    The cost of the Social Security Maximization Analysis is a service that we provide free to our clients. 

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