Pierson Wealth

AUGUST 2022 AUGUST 2022

SANTA CLARITA VALLEY BUSINESS JOURNAL · 13 13 SCV BUSINESS VOICES Are all the pieces of Optimizing Social Security your financial future coordinated into one holistic plan?

IVY PIERSON

Founder and Investment Advisor Representative Pierson Wealth Management

August marks the anniversary of Social Security. Although you likely don’t have plans to celebrate, we encourage you to review your strategy and consider these tips to help optimize your payments as part of your holistic financial plan.

KNOW THE RULES

Payout is determined by your paycheck over the course of 35 working years. Working less than 35 years will result in decreased payments. However, working for more than 35 years will allow your higher-earning years to cancel out the lower-earning years.

DETERMINE IF YOU SHOULD DELAY BENEFITS

Consider your health and financial situation to help determine if it makes sense to delay taking your Social Security benefits until age 70. The longer you hold off, the larger your monthly payment will be, which can result in tens of thousands of dollars more in lifetime income.

BE AWARE OF YOUR ELIGIBILITY FOR ADDITIONAL BENEFITS

Your spouse, regardless of if they worked or not, is eligible for spousal benefits from Social Security. If your spouse earned more than you, survivorship and divorce benefits should also be considered if applicable. If you have dependents, you may be able to claim additional Social Security payments.

Each situation is unique. Connect with an experienced financial advisor to help you determine how you can maximize your Social Security benefits. Contact us at (661) 2977566 or visit www.PiersonWealth Management.com.

Pierson Wealth Management is located at 28368 Constellation Rd., Ste. 396, Santa Clarita, CA 91355. Securities and advisory services offered through Cetera Advisors LLC (doing insurance business in CA as CFGA Insurance Agency LLC), member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. CA Insurance Lic# 0C92500.

This information may not be relied on for the purpose of determining your social security benefits or eligibility or avoiding any federal tax penalties. You are encouraged to seek advice from your own tax or legal professional. . 

Ivy Pierson, CEP, MBA

Founder & Investment Advisor Representative

Prosperity with Confidence

Contact us today to book a 20-minute introductory phone call to discuss your situation, goals and needs. We look forward to helping you pursue your goals and objectives.

28368 Constellation Rd Unit 396, Santa Clarita, CA 91355 (661) 297-7566 (661) 263-9958 PiersonWealthManagement.com