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Social Security Claiming in a World of Increased Longevity

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Presentation by Luke Delorme, CFP, ChFC

Social Security retirement benefits may be the biggest component of retirement income for many people. How and when you claim benefits has the potential to massively alter your financial picture. Do you take benefits as soon as you can, or should you hold out for a bigger benefit at a later age?

During this presentation, Luke will discuss the important things you may want to consider. How are benefits calculated? What happens if you live a long time? What about cost-of-living increases over time? Do you have to worry about taxes? What about spouses, ex-spouses, and survivors? How should we think about Social Security benefits relative to other income and assets?

Luke will explore financial circumstances that might warrant delaying benefits, and situations that might point toward claiming benefits sooner. We’ll discuss qualitative and quantitative considerations. Bring your thoughts and questions on this topic for an engaging presentation and discussion – When to Claim Social Security?

Luke Delorme, CFP, ChFC is the Director of Financial Planning at Tableaux Wealth in Stockbridge.

Luke has been a thought leader in financial and retirement planning, publishing articles in the Journal of Financial Planning, the American Association of Individual Investors, the Journal of Nonprofit Management, and with the Center for Retirement Research at Boston College. He is working on an expanded and updated version of his book on retirement planning, with a target publication date in early 2025. He writes a monthly column in the Berkshire Eagle.

Luke has a Bachelor of Science in Economics and an MBA from Boston College, where he received the Wall Street Journal award for the top finance student. Luke was raised in Burlington, VT and now lives in Great Barrington, MA with his wife, two daughters, and 15-year-old dog Yogi. He enjoys biking, running, and hiking, and frequently competes in the Josh Billings triathlon. Luke has been a Certified Financial Planner® professional since 2019.