Do you know the 5 most important steps to take before taking your social security? Don't forget anything and run through this list before making the decision.
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Here's five things you can do before you take social security.
Number 1: Go to SSA.GOV, and create an account and get your email address connected with your social security and your date of birth inside SSA.GOV. Lots of benefits by doing that.
Number 2: Verify that your earnings are accurate. Take an eyeball estimate of your W-2 earnings that are being reported on SSA.GOV.
Number 3: Understand what your full retirement age is and the calculated benefits that you may be entitled to.
Number 4: Estimate your retirement income streams. Look at the options of taking it at 67, 68 or full retirement at age 70, and look at the difference of the benefits that can be afforded to you by potentially delaying it, and number 5: Speak with a credentialed professional to determine what is best for you.
There are multiple options and choices inside social security benefit calculator and software that we can run to help you make the right choice and optimize your benefit inside your social security benefit.