For most of us, there is a entry on our paycheck for social security. It’s a sum that we take for granted but don’t really understand the concept. We hear advice from all over, suggestions on when to begin ‘taking’ social security to whether spouses should collect first. Our approach is simple. We sit down and talk with you about the different buckets you have available, when it would be best for you to begin taking social security, the basic tax ramifications. Everyone is in a unique situation, but the sooner you realize where you stand and how you get there, the simpler the discussion becomes and the better you sleep.
Take the first step and check out your social security information, print out what the report says and file it with your other retirement accounts.