Many people apply for social security benefits during the first year they become eligible to receive them. According to the Social Security Administration, 57% of recipients take their benefits before reaching the full retirement age. Yet those who wait longer to apply for benefits can receive significantly more from social security.
In this episode of Money Script Monday, Sal demonstrates how to potentially increase your social security benefit by delaying withdrawal and supplementing retirement income with an annuity.
Resources Provided for This Episode
Want consumer-friendly videos sent to your inbox every week? Sign up to receive to receive LifePro's weekly Money Script Monday video series providing financial clarity, dispelling myths, and showing you how money works in 10 minutes (or less). Subscribe now!
Have any questions? Give us a call at 888-LIFEPRO or email us at info@lifepro.com.
Want to learn more about how we can help with your unique financial situation? Fill in your contact information below, and we'll get started right away!