Social Security Benefits | Senior Resource Center

Maximizing Social Security

An elderly couple is sitting at a table looking at a laptop computer.

Social Security is an integral part of an overall retirement plan. Have you explored your eligibility and how to maximize your benefits? Our team at Senior Resource Center can explain your options and show you how to maximize your lifetime payout.

Things to Know About Social Security

You have many claiming options
Decisions have far-reaching consequences
Choice impacts both spouses
The Social Security office does not provide Financial Counseling

You can begin drawing benefits as early as age 62. However, your monthly benefits significantly increase if you wait until your full retirement or as late as age 70. Only about 10% of retirees actually wait until age 70 to claim benefits which can have a significant impact on their overall retirement plan. We can help you decide how to maximize your benefit.

A man and woman are smiling while looking at a computer screen

Things to Know About Social Security

You have many claiming options
Decisions have far-reaching consequences
Choice impacts both spouses
The Social Security office does not provide Financial Counseling

An elderly couple is smiling while looking at a laptop computer.

Integrating Social Security Into Your Retirement Plan

Many people minimize the value of Social Security but it is far more valuable than most people realize. Social Security is one of the few sources of income you can't outlive and increases with inflation. If you are worried about spending down your savings, Social Security will be there because it continues until you die. The longer you live, the more you will be paid. After approximately 10 years of claiming you’ve been paid all that you and your employer paid into the system, but the checks keep coming.

A wallet filled with us dollars and a certificate of national security

How Much Can I Expect to Receive?

This depends on a few things:

How much you earned over your working career
The age at which you apply for benefits
Which Benefit you claim: Individual, Spousal , Divorced or Survivor

Social Security calculates your highest 35 years of earnings to determine your full retirement age payouts. If you have some holes in your work history, it may benefit you to work a couple more years to get a higher benefit. Whether you claim at 62 yrs old, full retirement age (66 or 67 yrs old) , or at 70, the cumulative lifetime payments are the same when you reach age 78. If you live longer then 78 years old, you get more money by waiting longer to claim. If you are a widow(er) or divorced you may have multiple options you never knew about. We will walk you through your choices and show you how to get the maximum over a lifetime.

Some people need their benefits now to afford necessities. We’ll tailor a plan that helps you access other resources to compliment your Social Security benefits.

Several hundred dollar bills are stacked on top of one hundred dollar bills

How Much Can I Expect to Receive?

This depends on a few things:

How much you earned over your working career
The age at which you apply for benefits
Which Benefit you claim: Individual, Spousal , Divorced or Survivor

Some people need their benefits now to afford necessities. We’ll tailor a plan that helps you access other resources to compliment your Social Security benefits.

What if You Haven’t Begun Drawing Benefits?

If you have yet to draw benefits, you should still account for them and other assistance programs in your overall retirement income plan. We can guide you through your options and explore various investment avenues to protect your lifestyle, assets, and vision. Your future SS benefits play an integral role in your comprehensive retirement strategy.

Discover How Social Security Fits Into Your Plan With Senior Resource Center

Do you have questions or concerns about how social security fits into your future? Discuss your queries with our team at Senior Resource Center. Together, we can craft a retirement plan that addresses your financial concerns. Call 512-835-0963 to schedule a free consultation with us today!

Schedule Now!