Social Security Optimization

Social Security was never intended to be your
only source of income when you retire.

Generally speaking, Social Security replaces about 40% of your current income; if you earned the maximum, the replacement factor is about 26%. Proper planning can allow you to optimize your resources and potentially reduce risks to take full advantage of your Social Security income. Welcome Home Financial Partners will work alongside you to discover a plan to better utilize your Social Security income.

We’ll help you bridge the gap between your Social Security income and the retirement lifestyle you want and explore your options of alternative financial vehicles to help fill that income gap.

When Should I Begin Taking Social Security?

While a one-size-fits-all answer would be nice, the timing of your Social Security income is a highly individualized process. It all depends on your other sources of income and your retirement goals. For example, if you have a 401(k) that will cover most of your retirement expenses, delaying Social Security may benefit you more than if you have a more modest portfolio. We’ll look at your personal situation and draft a plan that makes the most sense for you.

Discover your Social Security Options.

There’s a lot of advice surrounding Social Security — should you take it now or wait? Walk through the basics of Social Security income with a copy of “3 Reasons People Take Social Security.” Fill out the form for your immediate download:

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