Episode #268: How to Bridge the Social Security Gap


 

Social Security, as most of us know, is a federal government-sponsored form of supplemental retirement income. You pay into it during your working career, and when you reach retirement age, you can tell the government to start your stream of income. Did you know that there are over 80 different ways a married couple can take Social Security benefits? It’s crucial to work with your financial professional to create a strategy that can help you maximize your Social Security benefits. Since Social Security typically only cover 40% of the pre-retirement income you’ll need in retirement, it’s also vital to uncover additional sources of income that you can’t outlive to bridge the gap between social security income and a dignified retirement.

In this episode of Money Script Monday, Adam explains how you can supplement Social Security income to help reduce the chances of outliving your money in retirement.

Resources Provided for This Episode


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About Adam Reyna

Adam Reyna is a Senior Field Support Representative at LifePro. He coaches hundreds of financial professionals on how to build effective financial strategies that achieve their clients' long term goals and helps them stay educated on the latest industry trends.

Disclaimer

This information is meant for educational purposes only.



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