Maximizing My Lifetime Social Security Benefits

Clients: Steve (67 years old) and Vicky Johnson (55 years old), a couple who got married 22 years ago, the second marriage for both; Steve has an ex-spouse and Vicky is widowed. Steve and Vicky both qualify for their own SSB based on each’s work record, Vicky stopped working 10 years ago and is receiving SS Disability benefits

Additional Questions: How We Helped the Client?

1.    When should they each start taking Social Security benefits?
2.    How does spousal and survivor benefits work?
3.    What happens if Steve keep working after claiming benefits?
4.    How are Steve & Vicky's Social Security benefits taxed?
5.    What strategies maximize their family's lifetime benefits?

Our Solution: We put together a: (1) Social Security Maximization report showing them three options for maximizing their benefits, (2) a detailed Statement of Cash Flows which shows all of their retirement income and day-to-day expenses, and Steve & Vicky's net balance each month, and (3) a Retirement Income report (SIPS).

Client: To see a sample of the two reports we prepared for Mary, please click below: