Fully UPDATED for 2017 to reflect the changes and new rules made to Social Security by the Bipartisan Budget Act of November 2015. The book and the author have been quoted in the USA Today both before and after the new laws.

This is perhaps the most encompassing, yet easy-to-understand book on the vital and timely topic of Social Security retirement income planning. It is written by an experienced Certified Financial Planner for soon-to-be retirees who want to learn all about the different claiming strategies for couples and for single persons (never married, divorced or widowed). Most people have no idea of what some their real benefit options are — and unfortunately can be prone to miss out on $10,000’s.

The book’s sole purpose is to provide people who are about to retire, with all of the information that they need to make the best Social Security benefit decisions based on their own financial circumstances and retirement goals. In this respect it is an essential
planning guide and road map.

A quick scan of the table of contents gives a glimpse of the scope and amount of powerful information provided. However, what the table of contents does not show is how 95% of Social Security recipients (both couples and many singles) will leave up to $150,000 of benefits sitting on the table that cannot be retrieved. This is money that they are fully entitled to, but these folks did not
follow the little-known claiming strategies described in this book. It’s your money, you paid into the system your whole life – so don’t miss out on getting every dollar that you can.

There are many useful examples given to show you the full range of their filing options and how to maximize your lifetime benefits. Written in plain English, these examples are meant to encourage you to carefully consider how you can get the most total benefits
available under the law.

Perhaps one of the most unique portions of the book is where the author combines his expertise of Social Security with his knowledge of income taxes to show readers how it is very possible to cut ones taxable income and their subsequent retirement income tax bill by 50%. The story comparing the Early’s, the Waite’s and the Best’s is worth ten times the price of the book, as it explains how a savvy reader can save $1,000’s of income tax dollars each year during their retirement.

The chapter about the 3 buckets of investment risk and the 3 taxation buckets is the perfect complement to learning about filing strategies since Social Security was never meant to provide for all one’s retirement income. Not only is this discussion vital for
soon-to-be retirees, it should be required reading for every American adult before they EVER invest a single dime anywhere.

Don’t let the low cost of the book fool you. While reading the book, it becomes very apparent that Mr. Orr actually works in the retirement income planning field on a daily basis with the non-stop tips, warnings, things to consider and much more.

“Social Security Income Planning” is concise and written in a conversational style, yet it’s jam-packed with all the information you need to maximize your benefits. The advanced concepts and planning strategies are made so simple, that you will be able to explain them to your co-workers… or even to your financial advisor (who very likely has only a vague understanding of the strategies you are talking about)!

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July 7th, 2017

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  • Bookkeeper says:

    Covers basics but not always so easy to read Social Security is a complex mess, something only the federal government can create and pretend to operate. Orr’s book supplies an adequate analysis of the basics of this system and discusses how to get the most income from social security. Many examples are helpful in following the factors that determine whether your social security will be higher or lower during retirement years.Unfortunately some typos and bad grammar get in the way of understanding the text. This is…

  • Doug Miller says:

    Good book, and a minor quibble In general this is a very helpful book. (as the author notes, there are a number of good books available on the topic of SS). Other reviewers have covered the benefits (and desperate need of editing) of the book. I will focus on one chapter of the book. The author is quite proud of the chapter describing the Earlys, Waites, and Bests. This chapter illustrates the federal tax advantages that might be gained by delaying benefits as long as possible. However, the author does not point out that…

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