Maximize the Social Security Income Election for your Clients

The clients of Accountants, Tax Professionals, and Financial Advisors increasingly ask for guidance on how to best take their Social Security income election. This issue has become very important to baby boomers for many reasons. Pre-retirees and early retirees are now living longer than previous generations. Also, there has been a shift away from defined benefit plans (i.e. pension plans) to self-retirement funding. Financial market forces, such as low interest bearing accounts, real estate devaluation, and a flat stock market for the past 10 years, also make the Social Security income election much more important.

The Social Security income election decision may be one of the most important financial decisions your clients make in their lifetime. Singles, and especially couples, can miss opportunities to collect hundreds of thousands of dollars of additional income over their lifetimes when they make poor Social Security income election decisions. By applying little-known, yet creative claiming strategies, your clients may be rewarded with significant additional lifetime retirement income.

Read more for three important strategies

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