Adelphi Financial works to help you get the most from your benefits and pay the least amount of taxes on your Social Security income. When and how you file for Social Security will impact your retirement income for years to come and the range of filing options can make it very confusing. From filing early to postponing benefits, disability planning to calculating benefits from a previous marriage, to filing single versus married - we will help you make sense of the many filing options available to you and determine which would provide the most favorable outcome for your unique life situation. Why sit and wait for hours at a Social Security office only to get "cookie-cutter" advice that does not fit your needs and may not be ideal for your situation? Our team, through a thorough assessment and consultation, will work to ensure a custom solution just right for you.
We offer two levels of Social Security Consulting.
With our Insight and Custom Reports consulting service, we will conduct a thorough analysis of your Social Security benefits, including a break-even analysis, benefit comparison for early and full retirement and anticipated cost of living adjustments, and provide a benefit maximization strategy and custom report. Our Comprehensive Consulting & Claims Support includes all of this plus tax planning support, specific situation analysis, benefit adjustment based on Medicare, and more. When you are ready, one of our advisors will personally walk you through the Social Security website and guide you step-by-step through the online claims process. Comprehensive consulting clients also receive one-on-one consulting to answer individual questions and ongoing support for the first 12 months of receiving benefits. Both packages provide Medicare Supplemental Plans Consulting.
Can I file a restricted application?
You can file a restricted application for spousal benefits if you were born on or before January 1, 1954.
At what age do I have to begin collecting benefits?
You can delay your benefits until you reach age 70. Each month you delay collecting after Full Retirement Age increases your benefits by 2/3 of 1%.
Is my benefit amount set for life?
No, your benefits will be adjusted each year thanks to the Cost-of-Living Adjustment, or COLA.
How do I know what my Social Security Benefits will be?
Creating an account on the Social Security website will allow you to check your benefits: https://secure.ssa.gov/RIL/SiView.do
Are my Social Security benefits taxable?
It depends, if you make over $25,000 as an individual or $32,000 as a married couple, you will pay federal income tax on benefits.
I am divorced, can I receive benefits from my ex?
You can receive benefits from your ex if you were married for longer than 10 years.