Social Security

by Philip Lee, CFP®

For my birthday, I think about the financial implications but will also enjoy time with my family and friends. The table below provides a framework of financial planning considerations or requirements as we all age:

This is the time of year when many may be spending time with family and/or friends while enjoying the holiday season. It's also the time when people typically make New Year resolutions – often centered around physical health or financial health.

These are some Frequently Asked Questions I get for those thinking about their finances.   Of course there is more to financial planning and investment advisory services than these limits:

All too often people take their Social Security benefit as soon as they are eligible, which is typically age 62.   While additional income is always appealing, the reality may be that waiting is in your best interest.  The answer to, “When to take Social Security” can be complicated.  Below are listed five key questions to guide you to the answer right for you.