Married couples have diverse Social Security claiming strategies that can significantly impact their retirement income. The right strategy often depends on factors such as lifetime earnings, retirement goals, and health status. Couples can choose from various filing options, including both retiring at age 70 to maximize benefits, which fits retirees' goals. Evaluating survivor and spousal benefits is crucial in making effective decisions. To assist in this planning, tools like SmartAsset's free service connect users with qualified financial advisors for personalized advice.
Ultimately, couples can coordinate Social Security claims to maximize their combined lifetime income, considering individual earnings, retirement goals, and health status.
Delaying benefits until 70 is optimal for maximizing Social Security checks, as it allows for larger payments that can be financially advantageous in the long term.
Retirement planning should involve assessing both survivor and spousal benefits to make informed decisions about the timing of Social Security claims.
SmartAsset encourages couples to utilize their free tool to connect with financial advisors who can provide tailored advice on maximizing retirement benefits.
Collection
[
|
...
]