Social Security Benefits

Posted by Kim Chen on May 13th, 2014

Written by Terri DiSciullo

We realize that we are all faced with complex decisions regarding our tax liabilities, healthcare costs, changing tax laws, and retirement issues. At Rogers Wood Hill Starman & Gustason, we are committed to excellence, integrity and your success, and we hope to work with you to help you navigate these important issues.
One way we can contribute to your success is by helping you to plan for your retirement; in particular, in maximizing your Social Security benefits. You may say, “Well, I’m only 50 or 55, why should I start planning now?” We respond by saying that these are the years to begin planning. According to the Census Bureau, by the year 2050, the senior populations will more than double to 80 million. Most of this growth will occur between 2010 and 2030 when the “baby boom” generation enters their senior years.
Most of us began working at an early age, and at that time, Social Security and Medicare taxes were being withheld from our paychecks, with the promise that we would have this supplemental income in our retirement years. When President Roosevelt signed the Social Security Act into law on August 14, 1935, it provided only retirement benefits and only to the worker. In 1939, benefits began to change which now include disability, cost of living adjustments, age eligibility, taxation of benefits, indexed retirement age, divorce benefits, and most recently, same-sex married couples’ benefits.
Social Security has become enormously complex, and making correct decisions now, will maximize your lifetime benefits. The professionals at RWHSG have enrolled in seminars and classes to understand these complex issues facing us all. Our firm uses the latest technology and programs developed by the top professionals in the industry.
With this technology, our history with you as a client, or the knowledge we will acquire with you as a new client, we can help you decide when and how to collect retiree, spousal, survivor, divorcee, parent and child benefits to achieve the highest lifetime benefits.
If you are interested in this valuable service, please give us a call Naples (239) 262-1040 or Marco (239) 394-7502.