Maximizing Social Security Benefits Susan Moore

Maximizing Your Social Security Benefits

More than 95% of Social Security recipients don’t maximize their benefits, according to a study by the Center for Retirement Research at Boston College. Over 40% of Americans file at age 62, minimizing their benefits if they live into their eighties. By minimizing their benefits, Americans are missing out on tens of thousands of dollars of benefits, if not more, according to Larry Kotlikoff, author of a best-selling book on maximizing social security benefits that was published in 2015.

The problem with maximizing Social Security benefits is how complicated it has become and is likely to remain so for the next several years. On Wednesday,

February 24th 2021 from noon to 1:30 p.m., Susan Moore of Moore Wealth Management, Inc. (MWM) will conduct a complimentary and without obligation “Maximizing

Social Security” webinar. The workshop will review how Social Security works and will include a discussion on President Biden’s proposals to reform Social Security. There will be both a live and recorded version. If you would like to be included in the webinar, please call the Moore Wealth Management office for further information or reservations at

334.270.1672, or email sarah@

moorewealthmanagement.com . If you miss the webinar, we also offer free consultations that are without obligation.

The workshop will cover how the Social Security system works in general. Specifically, the workshop will discuss different techniques to maximize Social Security including when and how to file, how to lessen taxes on Social Security, and special rules that impact widows and widowers, divorcees and spousal benefits. For example, rule changes went into effect in 2016 that result in different options for people born before versus after January 1, 1954. There is no “one size fits all” when it comes to maximizing Social Security. It pays to learn how the rules apply to you.

It will also discuss how the cost of living adjustments are figured and how those adjustments impact Medicare premiums as well as potential reforms to Social Security resulting from the solvency issues confronting Social Security and Medicare.

We conduct a variety of workshops and seminars at MWM. The mission statement of MWM is very simple: “and then some.” We attempt to do what is expected, what is required and then some. The Social Security workshop is part of our monthly “and then some” workshops. In addition, MWM conducts monthly current events market updates that attempt to explain what is going on in the financial world. If you would like to be on the mailing list or receive email notifications of upcoming webinars, please call 334.270.1672.

Financial Thoughts with Susan Moore

By Susan Clayton Moore, J.D.

Principal of Moore Wealth Management, Inc. Susan Clayton Moore, J.D., is a financial advisor and wealth manager of Moore Wealth Management, Inc., with offices in Auburn, Montgomery, and Alexander City, AL. Susan serves over $170 million (as of 7.31.2020) in brokerage and advisory assets through Kestra Financial and has been a financial planner for over 37 years. Contact Susan at 334.270.1672. Email contact is

susan@moorewealthmanagement.

com.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney or tax advisor regarding your individual situation..

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Kestra IS or Kestra AS are not affiliated with Moore Wealth Management, Inc.

https://bit.ly/KF-Disclosures

February Workshop (webinar) Maximizing

SOCIAL SECURITY to register, call our Montgomery office at 334.270.1672

sarah@moorewealthmanagement.com