U.S. Government’s Formula To Maximize Your Social Security Benefit
B(a) = PIA(a) x (1 — e(n)) x (1+d(n)) x Z(a) +
max ((.5 x PIA*(a) — PIA(a) x (1 + d(n))) x
E(a),O) x (1-u(a,q,n,m)) x D(a)1
The Baby Boomer generation now makes up a quarter of the United States population. If you consider yourself a part of this group, Social Security is most likely a familiar term to you. Although Social Security is guaranteed by the full faith and credit of the federal government, factors such as claiming your benefits at certain ages and income levels can affect your bottom line. If you have questions regarding Social Security, we would love to discuss all options available to best prepare for your retirement.
To schedule a time to discuss your financial future, contact us today at (803) 327-0304 today!
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