Your Social Security retirement benefit represents a lifetime’s worth of savings, time, and work, and is most likely your oldest and largest retirement account. Although many Americans are familiar with the basics of Social Security, very few are able to figure out – on their own – exactly the best way to file so they can get the most out of all they have put in.

According to the Social Security Administration Social Security makes up 64.8% of total household income for most American Families

At At Compass Retirement Advisors LLC, we help our clients understand their Social Security benefits and educate them on how they can maximize their benefits. Delay filing for Social Security can potentially increase your benefit amount by a rate of up to eight percent per year. For 2020 the average monthly benefit is $1,513 for an individual, with a Maximum monthly benefit of $3,790.

There is a lot to know about Social Security, and the more you know, the better decisions you can make, helping to bring you that much closer to maximizing your benefit. We will help you get the most you can out of your benefit, so you can take one step closer towards the comfortable and happy retirement you have worked so hard for!

The Insurance Shop, Inc., and Mike Graber are not affiliated with or endorsed by the Social Security Administration or any government agency.  This content is for informational purposes only and should not be used to make any financial decisions.