Social Security Consulting

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.

• General Overview of Social Security.
• Discussion of your Social Security Benefit Statement.
• Social Security Breakeven Calculation based on claiming strategies.
• Review Social Security benefits prior to and after Full Retirement Age.
• Customized Social Security Report with Maximization Strategies and Analyses. 
• Social Security Calculations that include Cost-of-Living Adjustment Projections.
• Calculate when you should claim to maximize your benefits.
• General overview of Medicare and Medicare Supplemental Policies.

• General Overview of Social Security.
• Discussion of your Social Security Benefit Statement.
• Social Security Breakeven Calculation based on claiming strategies.
• Review Social Security benefits prior to and after Full Retirement Age.
• Social Security Calculations that include Cost-of-Living Adjustment Projections.
• Customized Social Security Report with Maximization Strategies and Analyses.
• Evaluation for your specific situation (married, divorced, single, widowed, remarried, disabled, disabled child, and child under 18).
• Calculate when you should claim to maximize your benefits.
• Determine your ideal withholding based on your income and other investments.
• Adjust your Social Security benefit calculations based on anticipated Medicare plans.
• General overview of Medicare and Medicare Supplemental Policies.
• Walk-through of the Social Security website.
• Assistance in your Application for Social Security Benefits.
• Assistance with all Social Security forms, including all complex cases.
• Tax consulting on retirement income as it relates to other retirement benefits and/or plans such as pensions, IRAs, 401ks and similar.
• Ongoing consulting on Social Security benefits for up to 12 months.*
  • *(Note: Additional consulting, if desired, is available at our standard hourly rate of $125 any time during the 12 months following your in-office meeting with us.)

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.