Northwestern Mutual

Social Security Simplified: Select the Right Options to Maximize Your Income




20 60 20 budget

If you’re like most people, you are probably looking forward to retiring and living as long and as comfortably as possible. As you plan for retirement, however, you may be concerned that your money may not last for your entire lifetime. That’s why Social Security may be a bigger piece of your retirement puzzle than you previously thought.

Social Security benefits act as a buffer against inflation and the risks involved with investing and living into old age. Along with pensions and income annuities, Social Security is a source of guaranteed, stable income that lasts a lifetime—no matter how long you live. And the benefit is typically adjusted for inflation and also provides benefits for spouses and survivors.

As you plan for retirement, it’s essential to recognize the role Social Security benefits play in your future income and how you can maximize your benefits by making informed financial decisions that are right for your personal situation.

This informative guide covers these topics and more:

  • Timing your decision for maximum benefits
  • Five key factors to consider when claiming your benefits
  • Should you delay your benefits?
  • What if you change your mind?
Table of Contents


Why claiming at 62 might not be your best decision.

Do you know all of the claiming options available for Social Security benefits? What if you could get a higher benefit?

Often the decision to claim Social Security is an emotional one: You’ve paid in, you want to retire, and you want to make sure you get your money. Do you know all of the retirement options available that could get you a larger benefit? Each option can significantly affect retirement income.

Download this guide to learn the impacts of delaying Social Security and how you could receive 76 percent more by waiting.

Do you know ...

  • Working while receiving Social Security may negatively impact your benefits?
  • Claiming individual or spousal benefits based on your marital status may not make the most financial sense?
  • What happens to your retirement benefits if your spouse dies?

To make an informed decision, download Social Security Simplified: Select the Right Options to Help Maximize Your Income.

Not finding what you're looking for? View all guides

Claim Your Guide

Complete and receive your FREE guide. Required Field *

Thank you!

Your request has been submitted.

A financial professional will be in contact with you shortly.

Error Submitting Form

Sorry, we are unable to process your request. Please try again later.

Your Guide is Ready

Click on the Download button to access your free Social Security guide. As a thank you for your interest in this topic, you now have full access to our entire white paper offering.