Social Security Strategies

Social Security Strategies

Social Security is the United States’ federal “Old Age, Survivors, and Disability Insurance” (OASDI) program. It’s overseen by the Social Security Administration. The program is complicated, but essentially, if someone has paid into the program for 10 years or more, they’re eligible to receive benefits starting at the age of 62. If a person chooses to defer their Social Security, though, they’re eligible to receive a higher monthly benefit. This means some people wait until 67 or even 70 before they begin drawing on Social Security. Everyone will have a different plan depending on their income needs and specific situation. 

There are also options for survivors benefits and disability benefits available through Social Security to qualifying participants. The program—in effect since August 14, 1935—has changed over the years to continue to provide security for retirees. Because it’s an old program, and because the rules have been changed many times and grown in complexity, it is important you speak to a professional who could help you map out what you can expect from the program (as well as what you can’t count on). 


Call our team. We’re versed in the complicated and upsides of the Social Security program!


¹ | Julia Kagan, “Social Security,” Investopedia, accessed March 2, 2020, https://www.investopedia.com/terms/s/socialsecurity.asp.

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