BRATTLEBORO — As a new generation of retirees prepares to collect benefits, Brooks Memorial Library will host an educational workshop titled “Savvy Social Security Planning: What Baby Boomers Need to Know to Maximize Retirement Income,” on Monday, April 30, at 7 p.m., in the Meeting Room of the library at 224 Main St.
Social Security is far more complicated than most people realize. The decisions baby boomers make now can have a tremendous impact on the total amount of benefits they stand to receive over their lifetime.
Baby boomers have questions about whether Social Security will be there when it is time for them to retire. They also are confused about how much they can expect to receive, when is the best time to apply for benefits, and how those benefits can be maximized to ensure a sufficient retirement income.
To help participants better understand the Social Security system, this workshop will cover five factors to consider when deciding when to apply for benefits.
They include when it makes sense to delay benefits and when it doesn't, why you should always check your Social Security earnings record for accuracy, how to estimate your benefits, how to coordinate benefits with your spouse, how to minimize taxes on Social Security benefits, and how to coordinate Social Security with your other sources of retirement income.
David B. Twombly from Twombly Wealth Management Group will be the speaker.
Seating is limited and reservations are recommended. Individuals may reserve space by calling Starr LaTronica at 802-254-5290, ext. 1201, or emailing [email protected]. For more information, visit www.brookslibraryvt.org or call 802-254-5290.