I have noticed that most retirees have very little counsel as it relates to maximizing a very important retirement asset, their Social Security benefits.  Many people believe that once they hit age 62, they should immediately begin receiving Social Security benefits.  This can be a huge mistake and cost your family hundreds of thousands of dollars.  Others have been advised to wait as long as possible before drawing distributions.  As you may have guessed, there is no one right answer.  There is, however, a right answer for you.

Your Social Security benefit has some unique attributes that are hard to duplicate.  First, it is an income stream that you cannot outlive.  Second, it is partially tax free.  Third, the benefit continues on for your surviving spouse. Lastly, the benefit increases year to year with the rising cost of living.

What people do not realize is that there are many choices and strategies as it relates to when and how to take Social Security and those decisions could mean the difference between a comfortable versus stressful lifestyle in one’s later years.  And unlike a lot of other decisions clients made earlier in life, some decisions they will be forced to make now are irreversible.  What is more vexing is that employees of the Social Security Administration are prohibited by law from giving people advice.  That is why it is critical that you enter the Social Security process well educated.  Most people are unaware there are strategies that can be employed that can considerably increase your retirement income.  That is why once a year we offer a complimentary educational seminar on the topic.  Securing Your Retirement will be held on Tuesday, September 11th starting at 6:30 p.m.  We will go over the different options and answer questions so that you can make educated decisions and take action confidently.  To RSVP, contact or call 323-878-2500.

STANDARD COMPLIANCE DISCLOSURE: Bruce Horowitz is a Registered Representative with/and offers Securities and Advisory Services through Commonwealth Financial Network , Member FINRA/SIPC , a Registered Investment Adviser. CA Insurance License # 0B66129. Innovative Wealth Strategists is located at 6767 Forest Lawn Drive Suite 120, Los Angeles, CA 90068 This communication is strictly intended for individuals residing in the states of CA,CO,CT,FL,HI,NV,TN. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services. Please review our Terms of Use here:

IMPORTANT NOTE: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Due to industry regulations, comments are not permitted on this blog. If you would like to contact the author, please email us at