Highlands Wealth Group

Please think twice before starting Social Security.

You're about to turn 62.

You're itching retire.

Work isn't fun anymore.

The company just isn't what it used to be.

You think taking Social Security early is the answer...

Here is what you need to remember:
→ Full Retirement Age (FRA) is 67
→ Starting early can reduce the benefit by 30%
→ Delaying increases the benefit 8%/year up to age 70
→ Benefit is taxable if income > $32,000 (joint) / $25,000 (single)

𝘿𝙚𝙡𝙖𝙮𝙞𝙣𝙜 𝙎𝙎 𝙙𝙤𝙚𝙨𝙣'𝙩 𝙣𝙚𝙘𝙚𝙨𝙨𝙖𝙧𝙞𝙡𝙮 𝙢𝙚𝙖𝙣 𝙬𝙤𝙧𝙠𝙞𝙣𝙜 𝙡𝙤𝙣𝙜𝙚𝙧.

You need a plan that:
→ Minimizes income taxes
→ Maximizes the impact of Social Security
→ Optimizes income distributions from other savings
→ Addresses the cost of healthcare pre/post Medicare age

I have clients who:
→ Delayed till 70
→ Started at FRA
→ Took hers @ 62 / his @ 67
→ Started both at 65

The right answer is different for everybody.

DM 'SS' to discuss your plan for Social Security

Let's talk about optimizing your cash flow. What are your biggest challenges when it comes to managing your cash flow effectively?

The New York Life Wealth Watch survey reveals some eye-opening statistics about the "Great Wealth Transfer." On average, adults who expect to receive an inheritance anticipate a value of $738,724.23. However, 58% of them anticipate inflation to impact the value significantly. It's essential to have a strategy in place to manage your inheritance.

Source: NewYorkLife.com, July 19, 2023