Often when it comes to Social Security the classic expression “I don’t know what I don’t know” is apropos. Most people leave a surprisingly large amount of money on the table by not claiming all the benefits to which they are entitled. Want a quick estimate of what’s at stake for you? Click here
Maximizing your benefits is not a one-size-fits-all proposition: it depends on a detailed analysis of your unique situation. This is where a knowledgeable and objective advisor can be useful.
Some claiming strategies, such as getting Deferred Retirement Credits, can make a huge difference over your lifetime. The workers in your local Social Security office can not give advice and are only trained to get you the highest benefit you can receive today; this will often entail using a different strategy than one that maximizes your lifetime benefits.