Retirement Planning with Social Security

Social Security is a complex benefit that must be properly utilized in retirement planning.  Divorce, disability, death of a spouse, early retirement, investments and spending habits are just some considerations in this area of financial planning.

When and how an individual or couple takes social security benefits may have a large effect on their retirement.  For instance, if someone is working beyond retirement age, a younger spouse may benefit greatly from collecting on that working spouse’s social security benefits rather than his or her own.  It is important for all of us to understand these benefits and how they may affect our estate and disability planning.