Social Security is often the largest and most reliable source of income for retirees, but the big question is: Are you maximizing your benefits? Plus, I explore one of my favorite tools for retirement income, fixed annuities. Topics include:
- The most important Social Security decision you will make is WHEN you claim benefits
- Pros and cons of claiming Social Security early
- Spousal benefits and survivor benefits
- An annuity is a lifetime guaranteed income stream – you cannot outlive it
- Immediate vs. deferred annuities
- My favorite retirement income tool: Fixed indexed annuities (FIAs)
- Fixed indexed annuities (FIAs): potential benefits of the stock market with downside protection