Breiter Capital Management - Anna Maria, FL

 

Your 2016 Social Security Benefit Guide

Created during the Great Depression as a retirement safety net, Social Security now covers an estimated 96% of Americans. These days, about 167 million people are working and paying into the system that provides benefits for 59 million people. Last fall, in an attempt to avoid another government shutdown, a last-minute budget and debt-ceiling bill was passed that made significant changes to Social Security benefits. Several popular claiming strategies were slashed from the budget in an effort to decrease federal spending. According to some experts, that could mean a reduction of up to $50,000 in lifetime benefits for many retirees.

The timing of when you choose to take your benefits and how you coordinate with your spouse are two of the most important social security decisions you will make. This guide is designed to answer some of the most common questions regarding Social Security and clarify how the new law may impact you. Learn more here.