Maximizing your Social Security benefits

By Steve Savant

β€œOn average $14,000 of Social Security benefits are lost by married couples in retirement. For those people earning higher amounts of income, the numbers exceed $20,000. For those fortunate to max out the Social Security benefit formula, the amount lost can easily exceed over $100,000 using average life expectancies. In the last group, those living longer than average could be losing over $200,000 in lifetime Social Security benefits.” – Ken Davis, CLU, ChFC, CFP, CPA.

Ken and I go through the basic Social Security benefits for married couples that appear to be unknown to the public at large, as well as advisors.