Why Claim Plan?
5 reasons everyone needs a Claim Plan…
SOCIAL SECURITY IS COMPLICATED
Each year you probably get a statement from Social Security showing you three numbers; what you would get in benefits at ages 62, 66, and 70. Although those are three of your choices, the range of claiming options goes far beyond this simplified report.
Many Baby Boomers are surprised to learn there are literally hundreds of ways to claim benefits. To make matters more confusing, the difference in claiming one way vs another can change your annual benefits by as much as 67%.
When it comes time to plan for retirement income, understand exactly how your benefits are calculated, what benefits you are eligible for, and the best way to claim is very important. We call this making a Claim Plan, and we’re passionate about helping people like you make the best Claim Plan possible.
SOCIAL SECURITY CHANGES
Throughout the programs history, Social Security has experienced many different changes. In addition to legislative changes that alter the program permanently, there are changes made every single year that affect both people who have already claimed and those who will claim in the future.
The biggest change in recent history happened at the end of 2015. The congress, senate and president agreed on a two-year budget bill that would span the upcoming election year, and included some significant changes to Social Security in this budget legislation. The legislation permanently altered the Social Security program and how future claims will be made.
With so many changes (both in the past and the future), it’s important to know how these changes impact you. Claim Planners is passionate about educating people on how changes will impact them so they can be confident in retirement.
THE SOCIAL SECURITY ADMINISTRATION CAN’T HELP YOU
If you had a question about how to get the most income from your Social Security, where would you turn for answers? Most people would assume the Social Security administration would be the best place to start, but unfortunately they are limited in how much they can really help you.
Here’s a page directly out of the Social Security Administration’s handbook that addresses how they support people. Essentially they are able to give you information about your benefits, answer your questions, but they are prohibited from giving detailed claiming advice.
When it comes time to make your Claim Plan, you need a partner you can count on to analyze your situation and help you optimize your benefits. That’s where Claim Plan comes in!
MOST PROFESSIONALS AREN’T SOCIAL SECURITY EXPERTS
Because the Social Security Administration does not have any certifications available to financial professionals, the only way to learn about the program is by diving deep into the hundreds of pages of information that explain the program.
Many financial professionals take Social Security income into account when they build retirement plans for their clients, but there aren’t very many who will help you optimize your benefits themselves. That’s where Claim Plan can help!
IT’S ONE OF THE MOST IMPORTANT FINANCIAL DECISIONS YOU WILL MAKE
“The Social Security Claiming Guide” a report written by The Center for Retirement Research at Boston College, called claiming Social Security “The biggest financial decision you will make in retirement.” The report went on to say that “How you chose to take Social Security has a bigger impact on your income in retirement than how much you save or how you invest.”
If Social Security is your biggest retirement decision, doesn’t it make sense to work with the people who specialize in optimizing benefits? Welcome to Claim Plan.