Your Social Security retirement benefit represents a lifetime’s worth of savings, time, and work — it’s most likely your oldest and largest retirement account. Although many Americans are familiar with the basics of Social Security, few are able to discover the best way to file to get the most out of all they put in.
At Hamel Advisory Services, we help educate our clients on their Social Security benefits to better understand how they could maximize their benefits. Delaying filing for Social Security can potentially increase your benefit amount by a rate of 8% per year. For 2016, the average monthly benefit for retired workers was $1,341, while the maximum benefit was $2,639. *
There is a lot to know about Social Security, and the more you know, the better decisions you can make, helping to bring you that much closer to maximizing your benefit. We can help show you strategies to get the most out of your benefit, so you can take one step closer toward the comfortable and happy retirement you have worked so hard for!