Social Security Planning
Planning for retirement involves careful consideration of various factors, including Social Security benefits. At Accord Insurance Group, we understand the importance of optimizing your Social Security benefits to ensure a comfortable and financially secure retirement. Our expert advisors specialize in Social Security planning and are here to help you make informed decisions about your benefits.
Social Security Benefits
Effect of Early or Delayed Retirement on RetirementBenefits
Social Security Online | Office of the Chief Actuary
Benefit, as a percentage of Primary Insurance Amount (PIA), payable at ages 62-67 and age 70
| Year of birth | Normal Retirement Age (NRA) | Credit for each year of delayed retirement after NRA (percent) | 62 | 63 | 64 | 65 | 66 | 67 | 70 |
|---|---|---|---|---|---|---|---|---|---|
| 1924 | 65 | 3 | 80 | 86 2⁄3 | 93 1⁄3 | 100 | 103 | 106 | 115 |
| 1925-26 | 65 | 3 1⁄2 | 80 | 86 2⁄ 3 | 93 1⁄3 | 100 | 103 1⁄2 | 107 | 117 1⁄2 |
| 1927-28 | 65 | 4 | 80 | 86 2⁄3 | 93 1⁄3 | 100 | 104 | 108 | 120 |
| 1929-30 | 65 | 4 1⁄2 | 80 | 86 2⁄3 | 93 1⁄3 | 100 | 104 1⁄2 | 109 | 122 1⁄2 |
| 1931-32 | 65 | 5 | 80 | 86 2⁄3 | 93 1⁄3 | 100 | 105 | 110 | 125 |
| 1933-34 | 65 | 5 1⁄2 | 80 | 86 2⁄3 | 93 1⁄3 | 100 | 105 1⁄2 | 111 | 127 1⁄2 |
| 1935-36 | 65 | 6 | 80 | 86 2⁄3 | 93 1⁄3 | 100 | 106 | 112 | 130 |
| 1937 | 65 | 6 1⁄2 | 80 | 86 2⁄3 | 93 1⁄3 | 100 | 106 1⁄2 | 113 | 132 1⁄2 |
| 1938 | 65, 2 mo. | 6 1⁄2 | 79 1⁄6 | 85 5⁄9 | 92 2⁄9 | 98 8⁄9 | 105 5⁄12 | 111 11⁄12 | 131 5⁄12 |
| 1939 | 65, 4 mo. | 7 | 78 1⁄3 | 84 4⁄9 | 91 1⁄9 | 97 7⁄9 | 104 2⁄3 | 111 2⁄3 | 132 2⁄3 |
| 1940 | 65, 6 mo | 7 | 77 1⁄2 | 83 1⁄3 | 90 | 96 2⁄3 | 103 1⁄2 | 110 1⁄2 | 131 1⁄2 |
| 1941 | 65, 8 mo. | 7 1⁄2 | 76 2⁄3 | 82 2⁄9 | 88 8⁄9 | 95 5⁄9 | 102 1⁄2 | 110 | 132 1⁄2 |
| 1942 | 65, 10 mo. | 7 1⁄2 | 75 5⁄6 | 81 1⁄9 | 87 7⁄9 | 94 4⁄9 | 101 1⁄4 | 108 3⁄4 | 131 1⁄4 |
| 1943-54 | 66 | 8 | 75 | 80 | 86 2⁄3 | 93 1⁄3 | 100 | 108 | 132 |
| 1955 | 66, 2 mo. | 8 | 74 1⁄6 | 79 1⁄6 | 85 5⁄9 | 92 2⁄9 | 98 8⁄9 | 106 2⁄3 | 130 2⁄3 |
| 1956 | 66, 4 mo. | 8 | 73 1⁄3 | 78 1⁄3 | 84 4⁄9 | 91 1⁄9 | 97 7⁄9 | 105 1⁄3 | 129 1⁄3 |
| 1957 | 66, 6 mo. | 8 | 72 1⁄2 | 77 1⁄2 | 83 1⁄3 | 90 | 96 2⁄3 | 104 | 128 |
| 1958 | 66, 8 mo | 8 | 71 3⁄2 | 76 2⁄3 | 82 2⁄9 | 88 8⁄9 | 95 5⁄9 | 102 2⁄3 | 126 2⁄3 |
| 1959 | 66, 10 mo | 8 | 70 5⁄6 | 75 5⁄6 | 81 1⁄9 | 87 7⁄9 | 94 4⁄9 | 101 1⁄3 | 125 1⁄3 |
| 1960 and later | 67 | 8 | 70 | 75 | 80 | 86 2⁄3 | 93 1⁄3 | 100 | 124 |
Note: Persons born on January 1 of any year should refer to the previous year of birth.
Why Choose Accord Insurance Group for Social Security Planning?
Expertise
Our advisors have extensive knowledge and expertise in Social Security planning. We stay up-to-date with the latest regulations and changes to help you navigate the complexities of the Social Security system confidently.
Personalized Strategies
Every individual's financial situation is unique. We work closely with you to understand your retirement goals, income needs, and other factors to develop personalized Social Security claiming strategies tailored to your specific circumstances.
Maximize Benefits
Our goal is to help you maximize your Social Security benefits. Whether you're nearing retirement age or planning for the future, we'll explore various claiming options and strategies to ensure you receive the maximum benefits you're entitled to.
Comprehensive Guidance
From calculating your benefits to determining the optimal age to claim Social Security, our advisors provide comprehensive guidance every step of the way. We'll address your questions and concerns, empowering you to make confident decisions about your retirement income.
Long-Term Financial Planning
Social Security planning is just one piece of the puzzle. We take a holistic approach to retirement planning, helping you develop a comprehensive strategy that aligns with your long-term financial goals and objectives.
Benefits of Social Security Planning
- Maximize Lifetime Benefits: By strategically timing your Social Security benefits, you can maximize your lifetime benefits and optimize your retirement income.
- Financial Security: Social Security benefits provide a reliable source of income during retirement, offering financial security and peace of mind for you and your loved ones.
- Tailored Solutions: Our personalized Social Security planning services ensure you receive customized solutions tailored to your unique financial situation and retirement goals.
- Navigate Complexities: The Social Security system can be complex, but with expert guidance from Accord Insurance Group, you can navigate the process with confidence and clarity.
- Plan for the Future: By optimizing your Social Security benefits, you can better plan for your future retirement needs and enjoy a comfortable lifestyle throughout your golden years.
Accord Insurance Group is committed to helping individuals Licensed in Yukon, OK and in over 35 states, achieve their retirement goals through expert Social Security planning services.
Contact us today to schedule a consultation and start planning for a financially secure future.