Why Social Security is more than “signing up”

When I meet a new client, I start by asking some pretty basic questions, every one of which contributes to the development of a personal Social Security strategy:

  • Are you still working?
  • Do you plan on working after you retire?
  • Do you come from a long-lived family?
  • How is your health?
  • Will you still have health insurance?
  • Are you eligible for benefits on someone else’s Social Security “record” (basically, someone else’s account)?
  • Do you have other income to support you if you decide to delay taking your benefits?
  • Will other family members qualify for benefits with you on your record?
  • Are you married, single, or divorced?
  • Do you have children, and if so, how old are they?

Based on your answers, I’ll have even more questions.
Every one of these factors should be taken into account before you elect to begin receiving Social Security benefits.