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.
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.
For 2020, the average monthly benefit for retired workers was $1,503, while the maximum benefit was $3011. 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. For example, did you know delaying filing for Social Security can potentially increase your benefit amount by a rate of eight percent per year?
Our approach
At Davis Wealth Management, LLC, we help our clients understand their Social Security benefits and educate them on how they can maximize their benefits.
We will help you get the most you can out of your benefit, so you can take one step closer to the comfortable and happy retirement you have worked so hard for!
*Davis Wealth Management, LLC is 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. https://www.ssa.gov/news/press/releases/2019/#10-2019-1