Social Security

Choosing when and how to claim social security benefits can have a huge impact on your financial future. This is an important decision that requires information and planning. Below are resources to help you start answering the social security question.


What does it mean to claim social security at an earlier or later age?

The table on the right shows at what age full retirement will be depending on birth year. Also shown is the benefit percentage before or after Full Retirement Age (FRA). Choosing when to file can have a big impact on your financial plan in retirement. It is important to know what your options are and how they fit into your plan.

Could the social security Program be going away?

While we can't say for sure what is going to happen, what we do know is that full benefits are payable until at least 2034. According to the social security board of trustees, if no changes are made, benefits payable after 2034 will remain at 79% of their current estimations. (1)

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How does working in retirement effect my social security benefit?

Many Americans plan on some type of work in retirement. However, there are some benefit restrictions. The chart on the right shows earning limits for individuals leading up to Full Retirement Age (FRA). In the month you reach FRA, there are no longer limits on earnings.


want to talk about social security and your plan? Schedule a time to talk with an advisor today.

Michael macco - Branch manager

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Patrick Stoa - Financial Advisor

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1. Source: 2015 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds.