Posted on October 25, 2018

Do You Have Specific Questions About Your Social Security Benefits?


By Scott Ford, CEO, Founder & Wealth Advisor of Cornerstone Wealth Management Group

For most Americans, Social Security is a significant retirement asset. Born out of the Great Depression as a retirement safety net, it has grown to cover 96% of workers in the U.S.1 These days, a record high of around 173 million people are working and paying into the system that provides benefits for over 62 million people.2 In fact, the majority of retirees get more than half of their income from Social Security.3

Despite its importance, many people make incorrect assumptions or find themselves intimidated by the details. But the truth is, not having a complete picture of the system and how your benefits work could be financially devastating. If you’ve ever tried to understand Social Security or navigate the system on your own and found yourself confused, you are the perfect candidate for a Social Security review.

The Importance Of Understanding Your Benefits

The Social Security Administration provides you with 567 ways to claim Social Security benefits4 and the Social Security Handbook has 2,728 separate rules governing your benefits.5 As you can see, there is no one-size-fits-all claiming strategy for Social Security. There are several factors that play a role in the amount of benefits you receive and the ideal date for you to start claiming those benefits, including your health status, life expectancy, need for income, whether or not you plan to continue working, and how concerned you are about running out of money.

While having a strategy for when to begin Social Security benefits is important, it is also critical to analyze your Social Security benefits in conjunction with all of your retirement assets. Incorporating your benefits into an overall retirement income plan may make a world of difference in the amount of income available to you in retirement.

What A Social Security Review Can Do For You

If you have questions and want to make sure you receive every penny that’s rightfully yours, I am happy to offer you a Social Security review meeting. In our meeting, I will help you navigate and most effectively use your benefits before and during your retirement, as well as help you wade through the overwhelming number of Social Security options. We will discuss questions including:

  • How do I decide when to start collecting? Is it worth it to wait to collect my benefits until I reach Full Retirement Age (FRA)?
  • Should I delay claiming past FRA to get a larger payment?
  • How are my benefits calculated?
  • How should I plan to maximize my total lifetime benefits?
  • Should my spouse and I coordinate to maximize our total benefits?
  • Can I work while collecting Social Security? If so, what are the limitations?

My goal is to support you in making smart decisions to protect your lifestyle and preserve and grow your assets. Download our free Social Security Benefit Guide and schedule an appointment by clicking here now. If you have questions, you can reach me by phone at (301) 739-8505 or by email at

About Scott

Scott Ford is CEO, Founder, and Wealth Advisor of Cornerstone Wealth Management Group, serving entrepreneurs, business owners, executives, and their families. The firm specializes in business liquidity strategies and SBA financing strategies. It is Scott’s mission to help his clients pursue financial freedom and live a balanced and fulfilled life.

Scott is a Wealth Advisor and Registered Financial Consultant (RFC). He was recognized as one of the 20 Rising Stars of Wealth Management by Private Asset Management magazine in 2008 based upon assets managed of $1 million or more per client. Since 2005, Scott has been an active financial technical analyst.

Clients often choose to work with Scott because of his experience with the challenges business owners and executives face, as well as his firm’s disciplined process. His personal and proactive approach is designed to bring clarity and simplicity to the complex issues of financial management. For over 20 years, he has been helping his clients define and pursue their own unique version of “True Wealth.”

Scott is the author of three books: Financial Jiu-Jitsu: A Fighter’s Guide to Conquering Your Finances, The Widow’s Wealth Map: Six Steps to Beginning Again, and New York Times Best Seller The Sustainable Edge: Fifteen Minutes a Week to a Richer Entrepreneurial Life.

He and his wife, Angie, reside in Hedgesville, WV, and have two wonderful children as well as a dog and a cat. In addition to spending time with his family, Scott is a voracious reader and enjoys woodworking, Brazilian Jiu-Jitsu, golf, hunting, permaculture, and beekeeping-basically anything outdoors.



1 InterNations. US Social Security.
2 Social Security Administration. Understanding The Benefits. 2018.
3 Social Security Administration. Fact Sheet. 2018.
4 Center for Retirement Research. Social Security: There is a better way. Boston College, September 2012.
5 Forbes. 44 Social Security ‘Secrets’ All Baby Boomers and Millions of Current Recipients Need to Know – Revised! July 2012.