Tips for Social Security Planning in Sioux Falls SD

by | May 28, 2013 | Financial Services

Everyone will have to apply for social security benefits at some point in their lives. It is a good idea to get some help from the right source when you do by calling a Social Security Planning Sioux Falls SD agent for advice. When you are applying for social security the information that you give can affect the amount of benefits that you receive. Filing a late application, getting married and what other hours you are working can also affect your social security payments. If you follow these tips and plan carefully you can maximize your benefits right now and later on in her life.

Filing can be quick, painless, and simple with some Social Security Planning Sioux Falls SD advice. There are three ways that you can file for social security benefits, online, over the phone, and in person. Online is the quickest and easiest way of course, because you have everything you need right there at your fingertips. Of course, the preferred method is entirely up to you.

You do need to know that you can work up to a certain amount without it affecting your social security benefits. After you make a certain amount however, you will also start to lose a certain amount for every dollar you make.

You can file and collect on a spouse’s social security as long as you were married for at least 10 years; however, if you remarry you will have to file under your spouse’s social security. You don’t have to apply for social security benefits at a certain point in your life, you can always continue to work and file when you are ready to retire; by doing so you will get more in social security benefits when you do file.

There is also something called the 62-70 technique that married couples use. This involves suspending the higher paid spouses social security and can be explained better by getting some social security advice. Filing for social security doesn’t have to be a hassle, you just need to know a little bit about it before you get started; the rest is easy.




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