Social Security Planning
The lifetime value of Social Security is far greater than people realize – despite the fears of Social Security “going broke” and the increasingly prevalent need for reform. Baby Boomers still have an opportunity to make Social Security a viable component of their overall retirement plan.
Answering the most critical question – when do I start? – requires a thorough understanding of the ins and outs of the system and a well-thought-out game plan. Women, in particular, rely heavily on Social Security and need to make sure they participate in customized Social Security planning.
ICM’s custom-built Social Security analysis tools can help you:
- Determine when is the best time to start your benefit
- Maximize your lifetime benefit for you and your spouse
- Coordinate spousal benefits
- Understand taxes on Social Security benefits