For the millions of Baby Boomers entering retirement, there are many questions and a great deal of confusion surrounding Social Security. Before signing up, have a clear understanding of the many issues involving your benefits, including:
• how to apply for them,
• how they are calculated,
• how and when to take them,
• how they are taxed,
• how continuing to work affects them,
• how marriage, widowhood and divorce affects them,
• how pension income impacts them, and
• how Medicare fits into your specific financial picture.
Without adequate information and proper planning, the benefits you have worked for your entire life may be compromised. Contact a qualified financial planner to help ensure you do not, unknowingly, forfeit income or otherwise minimize your hard-earned retirement benefits.
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About the author: About Ronald Bernheim, the owner of Financial Freedom Wealth Management Services, in Chatsworth, CA. He offers a free, no-obligation counseling session to determine whether a financial review or comprehensive plan is indicated. Interested parties may call (818) 626-9498 or e-mail firstname.lastname@example.org or visit the website at www.ronaldbernheim.com.
Disclosure: All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Securities and Advisory services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: California, Arizona, Florida, Washington