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Working While Collecting Social Security Benefits
If I claim SS at 62 and decide I want to work will SS lower my monthly benefit? Will I get that money back? Am I losing that money?
If I claim SS at 62 and decide I want to work will SS lower my monthly benefit? Will I get that money back? Am I losing that money?
It depends on your goals, your long term financial plan, your age even factors into things here. Let's just run through these options real quick.
As your advisor we are a walking talking insurance plan hired to protect one of the largest assets you own, your retirement nest egg. The difference being that unlike most insurance plans we protect you before a disaster strikes, not after the damage has been done.
Since 1948, there have been 10 Bear markets U.S. excluding the one we are in right now. The average number of years from the peak of the Bear market to the recovery, meaning the time it took for the S&P 500 to climb back to its previous highs was 3.9 years and the median/midpoint was 2.7 years. On five of those occasions, the market recovered in 2 years or less! In other words, market downturns feel much longer than they actually are.
There are obvious benefits for every person to have an identity in life. By knowing your identity you are not only able to accomplish your goals, but you also have a sense of wholeness. This remains true during your retirement years when your career is no longer your identity. By knowing who you are and what you want to accomplish in life, you'll gain a sense of confidence and pride and your life will be more meaningful and fulfilled. Let's discuss a few ways to discover your new identity in retirement.
Choosing an insurance policy that works best for you and your family is so important. When you shop around and find the correct one, it can not only benefit your health but save you money.
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We promise to invest your money as carefully as we do our own, because we know that your hopes for your family's future are every bit as sacred to you as ours are to us.
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