Money for a lifetime -...

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(//) A MOTLEY FOOL SPECIAL REPORT The Motley Fool, May 2016 Money for a Lifetime: 7 Simple Steps to Getting the Most From Social Security Welcome! If you're like most people, you're counting on Social Security to help you make ends meet when you retire, but you don't know everything you should about what to expect from the program or how to make the most of the benefits you've earned. By signing up to get this Social Security guide, you've already overcome the procrastination that keeps many people from ever learning how to get more from Social Security. And as complicated as Social Security can be, you should be able to get a lot of useful information from this guide in just minutes. With Congress making changes to the Social Security program, it’s now more important than ever to use sources of information you can trust.
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To help you make the best possible choice with your Social Security benefits, we've put together this guide. By the time you've finished reading it, you'll learn about these key aspects of Social Security: Whether you're eligible to receive Social Security benefits. How much you can expect your monthly Social Security payments to be. Strategies you can use to boost the amount you get from Social Security. How your spouse and children might be able to receive Social Security benefits based on your work record, both during your lifetime and after your death. Strategies your family can use to maximize the total benefits you, your spouse, and your eligible children can get in benefits from Social Security. How divorce affects your Social Security benefits and those of your former spouse. How to navigate the Social Security Administration's process of applying for and receiving Social Security benefits for the first time. page 1 First, take a look at this decision tree. It will give you an idea of what to expect from this guide, and you can refer back to it at any time throughout the process to keep the big picture in mind. Section 1 Are you eligible for Social Security on your own record? Yes Continue to Section 2
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No Continue to Section 4 page 2 Section 2 Determine how much your Social Security benefits will be. 2a: Did you work for a public employer during your career? Yes The Windfall Provision may apply. Continue to question 2b. No Continue to question 2b. 2b: Will you take early Social Security benefits while you're still working? Yes Social Security forfeiture provision could apply if your work income is above applicable limits. Continue to Section 3 No Continue to Section 3.
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page 3 Section 3 How can you maximize your own Social Security benefits? 3a: Have you worked at least 35 years? Yes Continue to question 3b.
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