Social Security Advisement in Dallas, TX
Understanding and navigating Social Security complexities can be daunting, but Trajan Wealth is here to help Fort Worth and Dallas residents prioritize their financial well-being.
Whether you’re approaching retirement age or have questions about spousal benefits, turn to our team for Social Security advisement in Dallas, TX. We’ll help you understand the system’s ever-changing intricacies, walk you through the complexities of benefit claiming, and optimize your retirement income strategy.
The Difference a Fiduciary Makes
Fiduciaries must act in a client’s best interests, providing advice that puts the client’s financial health first, including any potential conflicts of interest. Our unbiased guidance and personalized retirement plans are built exclusively to benefit you! This structure is how we began back in 2012 and how we continue to operate to this day.
Why Choose Trajan Wealth: Dallas-Fort Worth?
Here are a few reasons to trust us with your Social Security plans now and going forward.
Maximizing
Benefits
We can help you understand the Social Security benefits, including retirement, disability, spousal, and survivor. We can also explain eligibility criteria, filing options, and the significant impact of timing on benefit amounts.
Staying
Knowledgeable
Social Security rules and regulations can be complex and subject to change. Our fiduciaries stay informed about the latest legal updates and developments so that you receive accurate and timely advice.
Understanding
Spousal Benefits
We help married couples explore strategies for maximizing spousal and survivor benefits. This includes coordinating your options, such as claiming spousal benefits first and delaying individual benefits to accrue delayed retirement credits.
Coordinating Multiple
Income Streams
Social Security is integral to your comprehensive retirement income plan, but it’s not the only piece. Our team is adept at coordinating these benefits alongside pensions, investments, and 401(k) distributions. This ensures a harmonized and sustainable retirement strategy.
Navigating
Complex Rules
Social Security regulations can be complex, but we help individuals navigate through them with ease and understanding. We’ll explain critical concepts such as earnings limits, tax-minimizing strategies, and benefit reductions for early claiming.
Adjusting
for Inflation
We help adjust for inflation by incorporating cost-of-living adjustments (COLAs) into your retirement strategy. By factoring in inflation, your plan accounts for rising living expenses over time, helping to maintain your purchasing power and financial stability throughout retirement.
We also provide ongoing support and advice for DFW residents, adapting Social Security strategies for evolving life circumstances, including changes in employment status, health, marital status, or financial needs.
Looking Beyond Social Security Advisement in Dallas, TX
Long-Term Wealth Management
We have the expertise to craft a thorough income plan tailored to your short—and long-term financial objectives and risk tolerance levels. With your input, we’ll create a comprehensive strategy that will work to ensure economic stability and peace of mind for the long haul.
Comprehensive Retirement Planning
At Trajan Wealth, we take a holistic approach to financial planning, considering all aspects of your retirement. We can help you integrate Social Security into your retirement plan to maximize your income and minimize taxes.
What to Know About The Social Security Timeline
- Eligibility Age. You become eligible for Social Security benefits at 62, but claiming benefits early can reduce monthly payments.
- Full Retirement Age. Full retirement age (FRA) varies based on your birth year, ranging from 65 to 67. If you were born in 1960 or later, the FRA is 67.
- Early vs. Delayed Claiming. As mentioned above, you can claim benefits as early as 62, but your monthly payments will be permanently reduced. Alternatively, delaying claiming beyond your full retirement age can result in higher monthly benefits up to 70.
- Spousal Benefits. Spouses may be eligible for benefits based on their partner’s work record. Understanding spousal benefit eligibility and claiming strategies can maximize total household benefits.
- Survivor Benefits. Social Security provides survivor benefits to eligible spouses and dependents of deceased individuals. This claiming option is critical for married couples planning their finances.
- Medicare Enrollment. Most people become eligible for Medicare at age 65, but delaying Social Security benefits may affect Medicare enrollment.
- Tax Implications. Depending on your income and filing status, some of your Social Security benefits may be subject to federal income tax, depending on your income and filing status. We can help plan accordingly to minimize how much you owe.
- Cost-of-Living Adjustments (COLAs). Social Security benefits receive periodic adjustments to account for inflation. Establishing and monitoring COLAs helps benefits keep pace with rising living expenses.
Our Dallas-Fort Worth team can help you make informed decisions about claiming benefits and maximizing your retirement income, working towards achieving financial security throughout your retirement years.
A Client-Centric Approach to Financial Planning Right Here in Dallas
Trajan Wealth prioritizes building long-term client relationships based on trust, transparency, and open communication. We take the time to understand your needs and goals, tailoring advice for confidence, understanding, and peace of mind.
Leading with the hearts of educators, we offer thorough explanations of your financial options and choices. Our transparent and clear recommendations allow you to confidently navigate your financial plan no matter where life takes you.
See the Big Pictures With Trajan Wealth
Turn to Trajan Wealth Dallas and Fort Worth fiduciaries for advice on Social Security. Whether you’re at the beginning stages of planning or nearing retirement, we’re committed to prioritizing your financial success above all else. We have five different Dallas/Fort Worth locations to make it easy on local Texans.Schedule an appointment at the location most convenient for you or request a virtual appointment.