The early part of the Baby Boomer wave is hitting retirement age. For some people, Social Security may be an important (hopefully not primary) source of retirement income. This article at Smart Money is a good introduction to a couple of simple strategies to maximize your benefits. I’m sure there are other sources of good advice on the web as well.
The strategies described in this article are relevant for married couples—and the writer points out that often couples get it exactly wrong. Social Security benefits are actually a lot more complicated than at first glance, so getting somewhat familiar with clients’ options may be of great value to advisors.
I suspect there are relatively few people who are really experts on the Social Security system, and I also suspect that clients will want help with it.
Maximize your Social Security benefits
