How to Maximize Social Security for You and Your Spouse - Heather Schreiber Interview

Social Security expert Heather Schreiber discusses the crucial considerations for maximizing Social Security benefits, especially for married couples. Many retirees mistakenly associate retirement with immediately claiming Social Security, but Heather emphasizes the importance of strategic timing to ensure long-term financial security. She highlights that delaying benefits can significantly increase lifetime income, as Social Security grows by 8% per year beyond full retirement age. Additionally, she stresses the need for couples to consider survivor benefits, ensuring the higher-earning spouse's benefit provides adequate income for the surviving partner. With pensions becoming less common, creating a reliable income floor through Social Security, annuities, or other guaranteed sources is essential.