Social Security Analysis

This week’s post addresses a recent question from a radio show listener.  She wrote:  “My husband and I are both 53. He is already retired (not entirely by choice) and I plan to work at least another 7 years. Here's my question- social security will be an important part of our planning, but it seems far enough off that things could probably change substantially before we are fully eligible. When is the right time to schedule a social security analysis with you? Is it too soon for us? What changes do you think are on the horizon?”
More often than not we receive specific Social Security related claiming questions. This one however was unique in that it requires us to answer based on our opinions and assumptions, not necessarily facts and figures.
When Should You Complete a Social Security Analysis?
The simple answer to this part of her question is to complete a Social Security Analysis around the time that you are thinking about first filing. In general, (there are a few exceptions) the