Do you have a strategy to maximize your Social Security benefits?

The Social Security website makes it sound simple to file for your retirement benefits: “Social Security offers an online retirement application that you can complete in as little as 15 minutes. It’s so easy … In most cases, once your application is submitted electronically, you’re done.”

While the process for filing for Social Security benefits may be easy, the strategy for maximizing your benefits is anything but simple and straightforward.

Here are just two of the things to consider before filing:

When should you begin collecting? You can begin receiving retirement benefits as early as age 62. But if you wait until you’re 70, your monthly check can be as much as 76 percent higher than what you would receive at 62. That’s a huge return without any risk. And if you work after age 62, the benefits may be even higher.

Should you consider the so-called “start-stop-start” strategy? Under this scenario, you file for retirement benefits before reaching full retirement age, then suspend those benefits once you reach full retirement age. You’ll then earn an 8 percent delayed benefit credit for every year you wait before resuming benefits. This start-stop-start approach can be especially advantageous for couples who have certain age and income differences that won’t allow them to file and suspend benefits.

From spousal benefits to benefits for children, there are many, many other wrinkles in Social Security that can trip up the uninformed and unprepared.

Our advisors take a comprehensive look at clients’ anticipated retirement income needs, their retirement plan savings and tax situation before recommending the best approach for filing for Social Security benefits.

To learn more, contact one of our advisors.


Important Disclosures
*Past performance is not an indicator of future results. This material is not financial advice or an offer to sell any product. The statements contained herein are solely based upon the opinions of Elevage Partners, LLC (“Elevage”). Elevage is a registered investment adviser. More information about the firm can be found in its Form ADV Part 2, which may be requested by calling (877) 922-8243 or visiting The information contained herein is derived from sources we believe to be reliable, but which we have not independently verified. Elevage assumes no responsibility for errors, inaccuracies or omissions in this information. Elevage reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities discussed herein will remain in an account’s portfolio at the time you receive. It should not be assumed that any of the securities transactions, holdings or sectors discussed were, or will prove to be profitable, or that the investment recommendations or decisions Elevage makes in the future will be profitable or will equal the investment performance of the securities discussed herein.

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