Social Security guru Mary Beth Franklin discusses the program’s financial challenges and outlook, plus individual strategies to maximize its benefits.
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MARY BETH FRANKLIN
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Mary Beth Franklin’s public television special “Social Security & You” (Requires subscription.)
ACTION POINT
DELAY CLAIMING SOCIAL SECURITY BENEFITS FOR AS LONG AS POSSIBLE
- Required to claim benefits by 70
- Every year you wait from full retirement age until 70 you gain
an extra 8% a year in income - Increased income lasts for rest of your life
- Social Security’s annual cost of living increases added to the base amount
BOOKSHELF
Download the 2023 version of Mary Beth Franklin’s ebook Maximizing Social Security Retirement Benefits for $29.95
ONE INVESTMENT
FRANKLIN: HOLISTIC RETIREMENT INCOME
- Some of your retirement income should be guaranteed or predictable
- Social Security is guaranteed income for the rest of your life
- Invest time to maximizing your Social Security benefits
FROM THE WEALTHTRACK ARCHIVES
Mary Beth Franklin’s previous appearances on WEALTHTRACK