2 Social Security Case Studies (Joint/Single filing)

2 Social Security Case Studies     

(Joint/Single filing)

Hey Folks!

I hope you had a wonderful Easter holiday last weekend! Today we’ll be back (technology permitting) for the workshop I promised a couple of weeks ago. 

Today we’ll be covering two case studies and the client(s) Social Security claiming strategy. 

Case study 1: Married couple 

   *Current Age: 62/62

   *Current Income: $170k (household) 

    *Retirement Goal: 64 for Client (Higher earner) 62 for Co-Client Amount    

   *Saved: $1,020,000 (Will also demonstrate with $250k less)

   *Estimated Income Need: $6000/month

Case study 2: Single Current 

   *Age: 58

   *Current Income $70k/year   

   *Retirement Goal: 63   

   *Amount Saved: $500,000 (Will also demonstrate with $150k less)

   *Estimated Income Need in Retirement: $3000/month