About Social Security…
Social Security is a foundation many rely upon for financial stability in their retirement years. As of September of last year, more than 70 million Americans were actively collecting their Social Security benefits.  However, not all Americans know how best to utilize this public resource, many feeling unsure as to when they should begin drawing from their benefits, decisions of which can impact the amount received over the remaining course of one’s lifetime.
As a federal program, Social Security was created to ensure a guaranteed source of income for those who are disabled and/or retired. Benefits are typically contingent on how much you, personally, have contributed to Social Security throughout the course of your career and how much money you have earned. It is not to be assumed that your benefits will allow you to maintain your current standard of living, but in addition to your savings and retirement accounts, it will provide a warranted helping hand after years of making your own contributions to allow others to live out their retirement years with stability. 
Making the Most of Social Security
A few ways that will maximize your Social Security benefits:
1 – Though individuals can take out social security benefits after working just 10 years, it is recommended to work for at least 35. Your benefit amount will be averaged from your 35 highest-earning years, so work more, earn more in retirement. 
2 – Waiting to take out retirement benefits until you reach full retirement age will also work to maximize your benefits. Eligibility to enroll begins at 62, but waiting till 66 or 67 will lead to higher benefits. Waiting beyond 70, however, will not result in any further increased benefits. Another option is enrolling in spousal benefits, where in some cases individuals can earn up to 50% of their spouse’s benefit amount. 
3 – Being aware of your earnings and once enrolled, watching for mistakes is also important to maximizing your benefits. Miscalculations, big or small, can impact your retirement.
Social Security is crucial to the retirements of the vast majority of retirees. It can certainly seem overwhelming at times, but creating a Social Security strategy that works best for you will help to mitigate those anxieties. To schedule a complimentary financial review with Moore’s Wealth Management and take a look at your Social Security options, click here or call our office at 770-535-5000, where a staff-member is awaiting your call Monday through Friday, 9AM to 5PM.
This material is provided as a courtesy and for educational purposes only. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.