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New Services Help Boomers Maximize Social Security

pearlbrown
pearlbrown   |     |   2,235 posts since 2010

From Reuters via Yahoo Finance:  A number of companies are offering Social Security strategic planning advice to future recipients at modest prices, some even free. 

Having intensively looked into car seats and college admissions for their kids and tried to map out careers and 401(k) plans, boomers now will focus attention on squeezing Social Security for all it is worth...

There are a numbers of reasons why Social Security optimization is a new trend. The retirement program's rules are complex, allowing for a variety of claiming strategies. The boomer generation is the first to have dual-income households for most of its working years, so spouses have more options for coordinating benefits. Members are being told to delay drawing on them as long as possible, even while many people are being forced into early retirement. And the Internet's ability to present sophisticated analytics and optimizing algorithms makes these strategies a numbers game for anyone who wants to play.

 

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