
Social Security Benefits
Do you know when to file for your Social Security Benefits to maximize your total lifetime benefit
Do you file at 62, 67 (your FRA), or 70? How much of a difference will that make?
90% of those filing their Social Security retirement benefits do NOT maximize their benefits.
There are 96 iterations or ways to file your SSB, on age alone without other key considerations
The average amount of money (per Social Security filer) "left on the table" is over $111,000.
Social Security provides about 30-40% of the average Retirees' income in retirement.
For lower income Retirees, this can account for up to 70-90% of a retirees income.
About 40% of retired households rely on Social Security for 50% or more of their income.
Roughly 25% of retired households depend on Social Security for 90% or more of their income, making it their main source of support.
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