Social Security Advisement in Phoenix, AZ
Why Fiduciaries?
How We Help Navigate Social Security Benefits in Phoenix
Optimizing Benefits
Our advisors specialize in maximizing your Social Security benefits. We analyze various claiming strategies to help you make informed decisions that can enhance your retirement income and financial security.
Utilizing Up-to-Date Knowledge
Lean on us for updates to Social Security rules and regulations. You can rest assured our knowledge helps to maximize benefits while complying with the latest guidelines. If you’re curious about our recommendations, we’ll always explain them to you.
Helping Spouses and Survivors
With spousal and survivor benefits, both spouses can enjoy financial stability. To maximize joint Social Security income, we consider age differences, income levels, and life expectancies in our plans for you.
Offering Comprehensive Solutions
Planning beyond Social Security, we offer a holistic approach to retirement planning, encompassing investment management, tax planning, and more. To provide you with a comprehensive strategy and roadmap.
Minimizing Tax Obligations
If your benefits are subject to taxes, we can provide strategic financial planning tailored to minimize tax liability. This includes optimization strategies and timing of benefit withdrawal. This way, you can keep more of your hard-earned money.
Adjusting for Inflation
Don’t let inflation disrupt your retirement! By considering the impact of inflation on future expenses and income needs, we help you make informed decisions about your benefits - including when to start using them.
Strategic Financial Planning in Phoenix
Long-Term Wealth Management
After an initial consultation and portfolio review, we can create wealth management and wealth-building strategies uniquely tailored to your short and long-term goals.Retirement Planning
Planning for retirement goes beyond just Social Security. Our team develops personalized retirement plans, integrating Social Security benefits with other income sources and tax strategies to help you achieve your long-term financial goals.What to Know About the Social Security Timeline
The timeline for Social Security benefits can vary depending on factors such as when you start receiving benefits and your age. Here is a general timeline for Social Security:
- Age Eligibility. You become eligible for Social Security benefits at age 62, but you can delay receiving benefits until later. Your full retirement age (FRA) is the age at which you are entitled to full Social Security benefits, depending on the year you were born. For individuals born in 1960 or later, the FRA is 67.
- Early Retirement (Age 62). You can start receiving reduced Social Security benefits as early as age 62. However, if you choose to start benefits before your full retirement age, your monthly benefit amount will be permanently reduced based on the number of months you receive benefits before reaching full retirement age.
- Full Retirement Age (FRA). As mentioned, your full retirement age is determined by your birth year. If you wait until your full retirement age to receive benefits, you will receive your total, unreduced benefit amount.
- Delayed Retirement (After FRA). For each year you delay, up to age 70, your benefit amount increases by a certain percentage (known as delayed retirement credits). After age 70, there is no additional increase in benefits for delaying.
- Medicare Eligibility. This eligibility begins at age 65, regardless of when you choose to start receiving Social Security benefits. You can enroll in Medicare during the initial enrollment period, which starts three months before your 65th birthday and ends three months after your birthday month.
- Applying for Benefits. You can apply for Social Security benefits up to four months before you want them to start. We recommend applying at least three months ahead of time to avoid processing issues or delays.
