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For couples, Social Security isn't merely about individual benefits; it's fundamentally a household strategy. If you are married, or even divorced, the choices you make when claiming your Social Security can have a profound and lasting impact on your spouse's income throughout their retirement.
We've observed common pitfalls where one spouse claims early while the other waits, with the best of intentions to maximize benefits. However, without considering crucial factors like survivor benefits, potential income gaps, or the combined tax implications, couples can inadvertently miss out on substantial amounts – sometimes nearly $100,000 over their retirement lifetime.
Beyond Eligibility: Crafting a Coordinated Strategy
The Social Security system offers dozens of claiming combinations, including spousal benefits, survivor benefits, and restricted applications. It's not simply about what each individual is eligible for; it's about discerning the optimal combination that works best for both of you as a unified financial unit.
That's precisely where Asset Preservation Wealth & Tax steps in. We specialize in running the complex numbers and exploring all available options. Our goal is to help you make a truly coordinated decision that secures more certainty and maximizes the lifetime income for your household.
Ready to optimize your joint Social Security strategy?
Click now to request your free spousal Social Security analysis. We’ll help you find the strategy that brings more certainty to your combined retirement income.
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