Social Security Planning

Research has shown that roughly 10,000 people in the U.S. will turn 65 each day through 2029¹, Every Day! But unless you are seeking reduced Social Security Benefits, you cannot receive full benefits until you reach your Full Retirement Age, which is 66 for those born between 1943 and 1954. As fewer retirees have the luxury of defined pension plans (guaranteed payments from ex-employers), more emphasis is placed on Social Security benefits as a secure source of retirement income. Financial planning for social security involves maximizing the income benefits by choosing the optimal claiming strategy for individuals and couples.

Carr Wealth Management, LLC, specializes in helping people pursue their financial goals with knowledge-driven solutions, not product-driven. Anthony Carr, CPA, CFP®, owner, has dedicated his career to helping people make better financial decisions. Social Security planning requires knowledge in various financial areas, including taxes. The decisions made today involving your social security can have an impact on future monthly income for the next twenty to thirty plus years.

The basic decisions involving your Social Security benefits may be straightforward enough, but in some cases, thoughtful planning may create substantial lifetime savings.