Episode 33: Know Your Social Security Options
Mar 24, 2023
In “Retire Your Fear, Plan Your Future,” Kelly Kelly, CEO and President of Kelly Financial Services, writes that Social Security benefits replace about 40 percent of a person’s original income when they retire. Getting Social Security right is critical.
Here are just a handful of the things that we'll discuss:
- A majority of people take Social Security at 62, the earliest eligibility age; they may be leaving money on the table.
- Barring reforms to the system prior to sometime around 2034, Social Security will still pay benefits roughly around 79 cents on the dollar.
- Before applying for Social Security, know all the available benefits and options to maximize your payments.