919-535-8261

The Complete Cardinal Guide

TO PLANNING FOR AND LIVING IN

RETIREMENT

WE HELP YOU EMBRACE THE 7 WORRIES IN RETIREMENT

Social Security.

THE CARDINAL GUIDE TO:
Maximizing Your Social Security Benefit

■  You can start collecting reduced Social Security benefits as early as age 62. However, if you’d like your full Social Security benefits, you’ll have to wait until your Full Retirement Age. Currently the Full Retirement Age is 66, and people born in 1960 or after, it’s 67.

■  You can also delay starting Social Security until age 70. The longer you hold off, the larger your monthly payments will be.

■ Spousal benefits and spousal survivor benefits are affected by the age at which the primary earner starts receiving benefits.

 You’ll pay income taxes on your Social Security check if your other income exceeds certain levels.

 If your household relies on two Social Security checks, when one dies, the survivor will continue receiving the larger of the two checks and the smaller check goes away. Investments, annuities, or life insurance can compensate for this income reduction.

Related Blogs.

Social Security: What are Spousal Benefits?

If you have been married in the past, you are currently married, or you might marry in the future, Social Security spousal benefits matter.A short story to start off the lesson: Jane, 70, is currently collecting a $3,500 monthly Social Security check based on her...

5 Reasons to Claim Social Security at Age 70

Credit: US News   It's not hard to see the logic. If you wait until you are 70 to take your Social Security benefit, you will receive monthly payments that are 32 percent higher than the benefits you would have received at 66, which is the retirement...

Common Questions Asked About Social Security

CREDIT: Nasdaq By Hans E. Scheil, CFP®, CLU®, ChFC®, CASL® When clients come to us for a financial plan their main goal is to arrange for a secure retirement. Part of that security and a major element for many retirement portfolios is Social Security....

Social Security: What You Should Know

Some of the most important decisions you will make regarding your retirement surround Social Security. Despite this, many in our area, including Raleigh, Cary, and Durham, as well as nationwide, make quick decisions that end up costing them money they...

Avoid Paying More for Medicare by Planning Ahead

Every year, higher-income Medicare beneficiaries receive a letter from Social Security telling them how much Medicare will cost. This letter outlines their income-related Medicare adjustment amount (IRMAA), which occurs if enrolled in Medicare Parts B and D and if...

Social Security Benefits continued.

 Social Security planning has long-term care implications. It’s the base income used to pay your long-term care bill, and any remaining balance must be made up from other income if you’re paying for these bills yourself. It’s important to plan for this difference accordingly, learn more about long-term care options HERE.

 Cardinal can prepare a complimentary Social Security timing report for you. Fill out the contact form at the bottom of this page and we’ll get it to you as soon as possible.

Cardinal Lessons with Hans.

Useful Documents.

The document below is from the Social Security Administration. It presents information regarding retirement benefits.

Read the Social Security chapter from “The Complete Cardinal Guide to Planning for and Living in Retirement”.
Read the Social Security chapter from the accompanying workbook to “The Complete Cardinal Guide”.
 

Contact Us.

 

Form Submission - Contact Page

2 + 4 =

 

Buy Our Book.

 

Call (919) 535-8261 today for a FREE quote comparison of more than 30 companies!

Making Medicare (and retirement) Easy

Our site and our agents are here to give you valuable, unbiased information about your Medicare choices. Find out more info about parts, plans, and prescriptions quickly.

Support for Life

We provide lifetime assistance with your insurance policies. We're here to help you sort through the statements, resolve unpaid claims, and search for affordable options that fit your needs. You are not in this alone.

We work for you, not the insurance companies

No more having to find the only guy in town who sells for one insurance agency. At Cardinal, we are licensed in all 50 states and D.C. with clients in every location. We sell for over 30 insurance companies, and can get you the best priced plan for your needs.

Connect with us:

Office Locations:

Durham Office
2530 Meridian Parkway, Suite 100
Durham, NC 27713
(919) 535-8269

Charlotte Office
8307 University Executive Park Dr, Suite 252
Charlotte, NC 28262
(704) 412-6494

Greensboro Office
6520 Airport Center Drive, Suite 100
Greensboro, NC 27409

Medicare experts paired with financial planners - CFPs®, fiduciaries, required to put our clients first.

Want to get important updates first?

Want to get important updates first?

Don't miss out on any important info, from Medicare deadlines to taxes, we will keep you updated! Try it out, you can always unsubscribe at any time. 

You have subscribed! Thanks!