Using CD or Treasury ladder to maximize Social Security

Financially speaking, I've found the happiest retirees have a large chunk of guaranteed monthly income. My experience is most people like the certainty of fixed income sources and not having to worry about what the stock market does year-to-year. Therefore, I'll often propose retirement strategies that maximize Social Security and pension benefits. This often means delaying to earn deferral credits and taking heavy portfolio distributions up-front. I generally will use a CD or Treasury ladder to create several years of guaranteed income before all the retirement income sources (such as Social Security) start to pay income.

My professional focus is retirement planning for individuals over age 55. Please visit our website or reach out for a complimentary planning session.

Ted Erhart, CFP®
Financial Planner
Anoka, Minnesota
LinkedIn: ted-erhart-cfp%C2%AE-4969939
Facebook: TrottBrook
https://www.trottbrook.com/

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