How to maximize Social Security benefits - Let's Get Down to Business

Maximizing Social Security benefits is the end game in retirement planning. Delaying benefit until age 70 can significantly increase the monthly payout. But not everyone can delay their benefits due to poor financial or health conditions. For married couples where there's a disparity in earnings, "file and suspend" may be an option to consider. When you reach full retirement age (FRA) the higher earner files, but suspends their benefits until age 70. While the other spouse (at their FRA), in turn, can receive the spousal benefit.

This is just one of the opportunities to maximize Social Security benefits. Tom describes some sales scenarios to dramatize the impact of optimizing benefits.

Syndicated financial columnist and talk show host Steve Savant interviews author, platform speaker and PBS television media guest Tom Hegna, CLU, ChFC, CASL. This is episode 3 of 5 in the series, Managing Social Security Benefits, America’s #1 Retirement Plan. Tom's books: Paychecks & Playchecks, Retirement Income Masters and Don't Worry, Retire Happy. youtu.be/gBaM4elDmv8