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Innovative Strategies to Help Maximize Social Security Benefits - 2015 Update

The greatest fear of today’s retirees is not having enough money to maintain their lifestyles throughout retirement.1 What’s the greatest benefit Social Security can offer? Regular income that is guaranteed to increase over time—and continue for life.* No other vehicle can match the combination of inflation-fighting increases, longevity protection, investment risk elimination, and spousal coverage that Social Security delivers—potentially making it one of the most valuable sources of retirement income. For those age 65-74, Social Security accounts for 54% of total retirement income. It plays an even greater role as retirees age, accounting for 61% of retirement income for those 75-84, and 66% for those age 85 and older.2

Watch our video that summarizes the strategies outlined in our "Innovative Strategies to Help Maximize Social Security Benefits (PDF)" white paper.

Para ver la versión de este documento y vídeo en español, por favor pulse aquí.

However, many retirees today do not understand how their Social Security benefits really work. Sadder still, most never focus on how to help maximize the very benefits that may help sustain them throughout retirement.

Maximizing Social Security benefits has become much more critical—now that post-retirement risk has largely shifted from the employer to the individual. This results from the move away from traditional defined benefit (DB) pensions to defined contribution (DC) plans such as 401(k)s.

This paper (PDF) will outline why Social Security deserves to be considered as a valuable resource worthy of careful stewardship by individuals—and how today’s retirees can best maximize its benefits while helping minimize the taxes on their retirement income in general.

Download Innovative Strategies to Help Maximize Social Security Benefits – Updated 2015 Edition (PDF) to find out more.

1 Prudential Financial, “Financial Experience & Behaviors Among Women,” July 2014.
2 Employee Benefit Research Institute, Issue Brief #383, p. 6, February, 2013.
* Social Security taxes are just that—taxes, and convey no property or contractual rights to Social Security benefits. As a result, a worker’s retirement security is entirely dependent on the political decisions of the President and Congress. Benefits may be reduced or even eliminated at any time.