On this episode of The Retirement Matters Show, we spend a great deal of time discussing a very common but overlooked strategy called the spousal benefit when claiming social security. Knowing when and how to take social security is one of the most important choices you will face when you're retiring. You can't do this without putting this into a plan-you can't make an accurate decision on just about anything without having a formal plan. We call that the base plan of record. From there, we can run a cash flow analysis on any of the other decisions you may want to make - can you pull more money? Should you pull less money? Should you work a little bit longer? When should you take social security? All of that is answered by implementing a plan- proper planning prohibits for performance. If you are not making financial decisions based around a financial plan, then you may actually be planning to fail. You only have ONE chance at this thing we call retirement and if you would like a second opinion on how to do that properly, we would love an opportunity to do so.
A worry free retirement is something everyone can achieve. We want to show you how.
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Always remember to Save Money, Plan Well and Live Happy in retirement.
DISCLOSURE: R.D. Smothers Wealth Management is a state registered investment adviser under the laws of the Commonwealth of Kentucky. Registration as an investment adviser does not imply any level of skill or training. Insurance products and services are offered and sold through RDS Insurance Group. R.D. Smothers Wealth Management and RDS Insurance Group are affiliated but separate entities. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. For more information please visit: https://adviserinfo.sec.gov and search for our firm name.
This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.
