An educational workshop titled “Savvy Social Security Planning: What Baby Boomers Need to Know to Maximize Retirement Income,” has been scheduled for 6 to 8 p.m. on Wednesday, May 28, at the Miami Lakes Branch Library, 6699 Windmill Gate Road.
Social Security is far more complicated than most people realize. The decisions baby boomers make now can have a tremendous impact on the total amount of benefits they stand to receive over their lifetime.
Some questions baby boomers are asking include “Will Social Security be there for me?”, “How much can I expect to receive?”, “When should I apply for Social Security?” and “Will Social Security be enough to live on in retirement?”
To help baby boomers better understand the Social Security system, this workshop will cover five factors to consider when deciding when to apply for benefits: When it makes sense to delay benefits and when it does not, why one should always check earnings record for accuracy, how to estimate benefits, how to coordinate benefits with a spouse, how to minimize taxes on Social Security benefits, and how to coordinate Social Security with other sources of retirement income.
Seating is limited and reservations are recommended. Individuals may reserve space by calling 305-825-1444.