Tucson Financial Advisor Helps Retirees Plan for Social Security
TUCSON, Ariz., June 19, 2014 /PRNewswire/ -- Susan Moore Vault of Moore Financial Strategies has just released "Strategic Social Security Planning," a report written to help pre- and current retirees navigate the complexities surrounding Social Security benefits.
"There are over 527 ways to file for Social Security. When you are planning income for the rest of your life, having professional assistance in determining the right choices for your situation can make the difference between poverty as an elder or comfort," Moore Vault said.
Over the next 18 years, baby boomers will turn 62, the qualifying age for Social Security, at a rate of 10,000 per day. For many, Social Security will be the only inflation-adjusted, guaranteed lifetime income they receive during their retirement years, so planning accordingly is essential.
In "Strategic Social Security Planning," Moore Vault covers the most important aspects of Social Security and how they relate to the income you receive after your working years. There are hundreds of different rules that apply to Social Security, depending on age and marital status. What you don't know may result in regrets and lost opportunities.
According to the Census Bureau, the population living past the age of 90 is projected to quadruple in size by 2050. Living into your 10th decade is now something to factor into Social Security planning, and the right planning could make hundreds of thousands of dollars difference.
"The difference in Social Security benefits from 62-66 is over 25%," Moore Vault said. "The difference in income from 66-70 is over 32%. Doesn't it just make sense to have more income when you are older and may need it because you can't work any longer?"
With fewer companies offering pensions, more baby boomers will rely on Social Security income during their retirement. It's important for those preparing for retirement to work with a trusted financial advisor to set up a plan that maximizes income strategies and focuses on long-term goals to secure a successful retirement.
Susan Moore Vault is the President and Chief Strategist at Moore Financial Strategies. Susan has built her business into a multi-million dollar practice, establishing herself as one of the top financial advisors in the country. Her radio show, "Safe Money Strategies," was honored with personal endorsements from Glenn Beck and Laura Ingraham. For more information or to schedule a consultation, contact Susan at (520) 296-4464 or visit moorefs.com.
SOURCE Moore Financial Strategies
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