MILWAUKEE, Aug. 5, 2014 /PRNewswire/ -- While most people plan to use their Social Security as an asset in their retirement, few realize that how they manage it can make all the difference to their lifetime benefits.

Determining how and when to take Social Security can significantly influence the level of returns one stands to earn, and ultimately the kind of retirement one might enjoy. In order to maximize one's Social Security benefits, it's important to understand what an individual is entitled to and when, which can vary greatly from one person to another.

Northwestern Mutual has introduced a new, interactive webcast designed to help individuals understand just that. "Maximizing Social Security: How and When to Claim Your Benefit," will aim to help people understand the role that Social Security plays in their retirement income strategy and how they can ensure they don't leave any benefits on the table.

As part of the webcast, Ruthann Driscoll, JD, CLU, CFP®, director in the advanced planning division at Northwestern Mutual, will share the Social Security fundamentals everyone should know:

  • The difference in claiming Social Security at age 62 or waiting to age 70
  • Taking advantage of your spouse's social security benefits
  • Claiming Social Security while still working, even part-time

According to Driscoll, Social Security strategies can be complex, and individuals are encouraged to ask for help and seek professional guidance. Webcast viewers may submit questions to be answered during a live Q&A.

The webcast will take place at 12:00 noon Central Time on Wednesday, August 20, and is open to the public and free of charge. Individuals may register at: http://u.nm.com/SSWebcast.

"With people living longer and pension plans becoming increasingly rare, funding retirement requires real planning, and Social Security is a big part of that planning process," said Driscoll. "Retirement strategies are unique to each person. Understanding all the available options is essential to selecting the best one for your needs."

Join Northwestern Mutual on Twitter during this webcast using the hashtag #PlanningForSuccess.

Post-event coverage, including the recorded webcast, as well as other pertinent resources will be available under the "On Demand" section here: www.northwesternmutual.com/webcasts

About Northwestern Mutual
Northwestern Mutual has been helping families and businesses achieve financial security for nearly 160 years. Our financial representatives build relationships with clients through a distinctive planning approach that integrates risk management with wealth accumulation, preservation and distribution. With more than $217 billion in assets, $26 billion in revenues and more than $1.5 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.2 million people who rely on us for insurance and investment solutions, including life, disability and long-term care insurance; annuities; trust services; mutual funds; and investment advisory products and services.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI, and its subsidiaries. Northwestern Mutual and its subsidiaries offer a comprehensive approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; Northwestern Long Term Care Insurance Company; and Russell Investments.

SOURCE Northwestern Mutual