It’s critical for people to understand the mechanics of Social Security so they don’t forfeit tens of thousands of dollars by electing Social Security too early.
Omaha, NE (PRWEB) September 23, 2013
The federal government’s annual announcement of changes to Social Security comes this October amid forecasts of modest inflation, one of the biggest threats to retirement savings. Workers planning their retirement should factor in these changes and current economic conditions before deciding when to take Social Security, said Joe Elsasser, a certified financial planner and co-author of "Social Security Essentials: Smart Ways to Help Boost Your Retirement Income.”
“Most people claim Social Security benefits early, unaware that they could be making a big mistake,” Elsasser said. “It’s critical for people to understand the mechanics of Social Security so they don’t forfeit tens of thousands of dollars by electing Social Security too early.”
Elsasser and Dean Barber, a registered financial consultant who hosts the nationally syndicated radio program, America’s Wealth Management Show, created “Social Security Essentials” to help consumers easily understand how Social Security works and how it should factor into their financial planning for retirement. The September-released book comes just weeks before the Social Security Administration releases its annual changes to Social Security formulas, from how much recipients can earn and still collect full benefits to how much of a cost-of-living increase will be applied beginning in January. “Social Security Essentials” provides context to how these changes impact your retirement, while also explaining the basics of Social Security and different strategies to maximize this benefit so you have income throughout retirement.
Barber is the founder and president of Barber Financial Group in Kansas City and is nationally known for his financial planning advice and radio program. Elsasser is managing partner of Sequent Planning LLC, a registered investment advisor and the creator of Social Security Timing, a software program that helps identify optimal claiming decisions. Social Security Timing published the book.
About Social Security Timing
Thousands of financial advisors use Social Security Timing’s patent-pending software application to help their clients maximize their Social Security benefits. Social Security Timing has also developed resources to help consumers maximize their benefits, including a free online calculator and the nation’s largest online network of financial advisors offering Social Security planning. Learn more at http://www.SocialSecurityTiming.com.
MEDIA: For an advance copy or to schedule an exclusive interview with either author, contact Alison Thomsen at Concierge Marketing: alison(at)conciergemarketing(dot)com or (402) 884-5995.
“Social Security Essentials: Smart Ways to Help Boost Your Retirement Income”
142 pages, paperback ISBN: 978-0-9899284-1-0, $14.95.
Available at http://www.SocialSecurityEssentials.com.