Experts From Social Security Solutions Warn Not to Take Social Security Benefits Too Soon

LEAWOOD, KS--(Marketwire - Apr 25, 2012) - While the newly released Trustees' report warns that Social Security may be going broke faster than expected, new research indicates that if you are approaching retirement, you should think twice before claiming benefits early.

Social Security experts William Meyer and Dr. William Reichenstein, founders of Social Security Solutions, Inc., recently completed a groundbreaking study published in the April 2012 Journal of Financial Planning. The article, titled "How the Social Security Claiming Decision Affects Portfolio Longevity," provides estimates of how much longer the financial portfolio will last if a retiree delays beginning Social Security benefits.

The study shows that delaying Social Security benefits can add up to ten years of longevity to the portfolios of many Americans. Specifically, for those whom Social Security is a larger portion of retirement resources, the benefit is the strongest. According to the study, deferring Social Security benefits, even if only for a few years, may provide the best protection from running out of money.

"Claiming early is not a substitute for good financial advice, and our research proves that maximizing and optimizing Social Security is by far the best strategy for most Americans," states William Meyer, CEO of Social Security Solutions, Inc. "Whether you are using the dimension of how much longer your savings last, how much more benefits you can collect, or the added 'return' you can garner, the bottom line is that if you create a smart strategy to maximize your benefits, you will be a lot better off."

Social Security Solutions, Inc. has an online tool that allows consumers to compare benefit claiming strategies side-by-side in order to assess the monthly and cumulative benefits when beginning at various ages. This tool was recommended in the March 2012 issues of SmartMoney and Kiplinger Personal Finance magazines, both respected publications relating to personal financial decisions.

Found at, the tool is designed to help you make the best possible decision about when to begin Social Security and is coded with all of the complex variables that impact retirement benefits. With only a few pieces of information, the tool is able to analyze the Social Security rules that apply to your situation, compare scenarios for selecting benefits, and recommend a claiming strategy to maximize benefits. There is also a version of the software for financial professionals and enterprises.

Headquartered in Leawood, KS, Social Security Solutions, Inc. ( delivers advice and education about Social Security retirement benefit claiming strategies to consumers and practitioners. Social Security Solutions, Inc. leverages its expertise, research and technology to help clients determine the best strategy for collecting benefits in line with their overall retirement goals.

Contact Information:

Robin Brewton
866-762-7526, extension 12