Of all the programs established by the federal government, Social Security is at the top of the heap when it comes to popularity. Designed to provide American workers who contribute to the system reliable retirement support, Social Security pays out benefits to more than 40 million retirees each month.

Many of these retirees, however, have started drawing from the government the moment they retire, usually around age 62. But what they don’t realize is that decision made them miss out on the bigger payout that awaits them had they started drawing benefits at a later age.

From all indications, they didn’t have a social security plan in place, or they would have waited for their 70th birthday before they started collecting those retirement checks.

It’s just unfortunate that many people who are preparing to retire tend to overlook social security planning, which is a way of ensuring that they get to maximize their social security benefits. Without such planning, they were rendered unable to determine the best age for them to retire, as well as the best age to begin cashing in on their retirement checks.

Call us at Bennett and Porter, and we will make sure to take your post-career earning potential to the limit.

At Bennett and Porter, we provide our clients strategies they can employ not just to maximize their Social Security benefits, but to help lessen the risks of outliving their money, which could pose a massive problem for them. Contact us at 480-212-1150 to talk to a Certified Financial Planner who will answer any questions you might have about social security plans.