Social Security

What You Should Know Before You Retire…

• Social Security is not intended to be your only source of retirement income.
• Social Security replaces about 40% or less of an average worker’s pay.
• Depending on your income, up to 85% of your benefits can be taxed.
• You must actively apply for benefits. They do not start automatically when you reach a certain age.
• BE CAREFUL OF TAKING YOUR BENEFIT TOO EARLY. This may limit what you can pass on to your spouse and longevity is also a concern with a smaller benefit. For every year that you delay social security after 62 the benefit goes up 8%. This is not market driven it is an actuarial computation.
• Survivor Benefits: Even after a spouse dies, benefits are paid to surviving spouses and qualified dependents.
• COST OF LIVING ADJUSTMENTS ARE DETERMINED EACH YEAR. If inflation is negative

At Federal Benefits Advisors, we offer several options to help support you.

Social Security Options Report and Consultation Meeting

We understand that everyone is unique in their needs for specific benefits. We will work with you to create an individualized and comprehensive Social Security Options Report. This report can capture all your assets and other sources of retirement income. The report will be presented at a half-hour consultation meeting.

Call or email us at fedbenadv@comcast.net for a comprehensive report and arrange a consultation meeting.

Marilyn M. Miller is a registered investment advisor, dba Federal Benefits Advisors, in the State of Washington. This advisor may not transact business in states, where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.

Marilyn M. Miller is a registered investment advisor, dba Federal Benefits Advisors is not affiliated with or endorsed by the U.S. Government, the U.S. Armed Forces, any of the federal benefit programs, the State of Washington, any Washington State Agency, or any of the Washington state benefit programs. Marilyn M. Miller, Registered Investment Advisor dba Federal Benefits Advisors nor its representatives do not provide legal or tax advice.