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Social Security Strategies: How to Optimize Retirement Benefits
WILLIAM REICHENSTEIN AND WILLIAM MEYER
Self-published, 2011
Review written by
GREG N. GREGORIOU
As people approach retirement age, they should ask, "What is the best strategy for claiming Social Security benefits?" That is, at what age should an individual begin to receive retirement benefits? Or at what age should a married couple begin to receive retirement benefits, and if applicable, which spouse should file for spousal benefits and when? These complex questions are nicely addressed in this gem of a book for every investor, CFA, CFP, lawyer, financial planner, and retiree. The authors demystify the technical and quantitative jargon, as well as the complex Social Security system rules.
Americans are not saving enough. Most Americans will depend on Social Security and an inadequate financial portfolio to finance their retirement needs. Social Security represents a substantial portion of these retirement resources. Even worse, most Americans know little about the rules of the Social Security system. The authors help the reader make the most of their Social Security benefits. After years of hard work, you deserve to get the most from the Social Security system. The wrong claiming strategy, however, could result in a couple realizing $200,000 less in lifetime benefits, which would obviously...