Social Security Advisors. Maximize Your Benefits. (2024)

FAQs

How do I maximize my Social Security benefits? ›

Our website is the best way for most people to get help. our website, call our National 800 Number (1-800-772-1213) or your local Social Security office for help. We will schedule an appointment for you, if necessary, to serve you by phone or in person.

What Salary Is Needed To Receive the Maximum Benefit? In 2024, $168,600 is the salary needed to receive the maximum benefit. The Social Security Administration takes your 35 highest-earning years and averages them (adjusted for inflation) to determine your benefit.

Yes. A Certified Social Security Advisor^SM is dedicated to making everything as easy and convenient as possible for you. Additionally, we will work with you to identify a mutually convenient time to discuss your situation even if this means doing so on a weekend or in the evening.

If you become disabled before your full retirement age, you might qualify for Social Security disability benefits. You must have worked and paid Social Security taxes in five of the last 10 years.

Social Security doesn't randomly award money to people. And there's no way to legally trick Social Security into giving you more money. Instead, Social Security benefits are paid out according to a specific formula used by the Social Security Administration, which is based on your lifetime earnings.

The hourly fee is $260 with a minimum charge of $175. That includes time spent on any background work that may be required to answer your questions.

Social Security income can be taxable no matter how old you are. It all depends on whether your total combined income exceeds a certain level set for your filing status. You may have heard that Social Security income is not taxed after age 70; this is false.

The easiest and most convenient way to apply for retirement benefits is by using our online application. You will need to create or log in to your personal my Social Security account.

The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960 until it reaches 67. For anyone born 1960 or later, full retirement benefits are payable at age 67. The chart on the next page lists the full retirement age by year of birth.

Is Social Security based on your highest 3 years of earnings? ›

We: Base Social Security benefits on your lifetime earnings. Adjust or “index” your actual earnings to account for changes in average wages since the year the earnings were received. Calculate your average indexed monthly earnings during the 35 years in which you earned the most.

You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase.

A Registered Social Security Analyst® (RSSA®) will provide you with a unique Social Security plan, to help you decide on the optimal claiming decisions. Using the RSSA Roadmap® Optimization Software, an RSSA® will help you maximize your Social Security claiming strategy to increase your lifetime benefits.

A financial advisor is worth paying for if they provide help you need, whether because you don't have the time or financial acumen or you simply don't want to deal with your finances. An advisor may be especially valuable if you have complicated finances that would benefit from professional help.

Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC's Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator. Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.

You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase.

Have you heard about the Social Security $16,728 yearly bonus? There's really no “bonus” that retirees can collect. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount.

To qualify for a Medicare giveback benefit, you must be enrolled in Medicare Part A and B. You must be responsible for paying the Part B Premiums; you should not rely on state government or other local assistance for your Part B premiums.