Maximizing Social Security benefits

Deciding when to take Social Security benefits can greatly impact retirement finances. Certified Financial Planner Michelle Buria of Choreo highlights the importance of timing and strategic planning.

Social Security benefits are based on 35 years of income, so continuing to work and earn a higher wage is advantageous for future payouts.

While benefits can start as early as 62, delaying until age 70 can offer significant increases in monthly payouts.

Additionally, analyzing spousal benefits allows couples to optimize their collective Social Security strategy.

Buria recommends consulting with a financial planner to explore all available options.

For further information, additional resources are available through a QR code provided during the discussion.