Episode Synopsis "Mark Fricks - Chapter Five - Don't Leave Money on The Table: Maximizing Social Security"

Here is what Mark and Jeff Discuss in this session:  • You cannot get advice about how to maximize your lifetime benefit from a Social Security representative. They are prohibited from giving advice about when to elect your benefit options.  • To get the most out of your Social Security benefit, you need to file at the right time. Every dollar your Social Security income increases is less money you’ll have to spend from your retirement savings to supplement your income.  • An Investment Advisor can help you determine when you should file for Social Security to get your Maximum Lifetime Benefit.  • Deciding when to take your Social Security benefit is one of the most important decisions you make as a retiree. After the first year of taking the benefit, that amount is locked in for the duration of your lifetime.  • Social Security is a massive, government-funded program and there are many things about this program that you cannot control. You can, however, control when and how you file for benefits

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More episodes of the podcast Mark Fricks - The Road Less Traveled

• Mark Fricks - Chapter Seven - WHAT ELSE CAN GO WRONG?
• Mark Fricks - Chapter Six - WHAT IF I NEED MORE MONEY? TOOLS TO HELP FILL THE INCOME GAP
• Mark Fricks - Chapter Five - Don't Leave Money on The Table: Maximizing Social Security
• Mark Fricks - Chapter Four - Where is My Paycheck? How Much Money Do You Need To Be Happy?
• Mark Fricks - Chapter Three - What Color is Your Money?
• Mark Fricks - Chapter Two - WHAT THE HECK JUST HAPPENED? STOCK MARKET RISK AND YOUR RETIREMENT
• Mark Fricks - Chapter One -- DESTINATION RETIREMENT
• Mark Fricks - Introduction of the Audio Book "Federal Employees - The Retirement Road Less Traveled"