Date: Tuesday, October 12th
Time: Noon - 1PM
Speaker: Mike Dullaghan, Putnam Investments
Details/Description: Claiming Social Security is an important decision for retirement income. Social Security can help American workers manage longevity, inflation, market volatility, taxes, and also provide a reliable stream of income. Social Security benefits provide more than half of retirement income for 50% of couples and 71% of individuals, according to the Social Security Administration. Do you know what claiming strategy is best for you?
We will discuss the following:
Claiming benefits too early can cause problems
Plan for your surviving spouse
Special rules for divorced and widowed individuals
Social Security is likely to be taxed
Pension income may reduce benefits