Retirement Planning

You have specific financial needs for your retirement. Steve Doster can help you create your unique retirement plan.

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Investment Analysis

Commission-free analysis and advice. Develop an investment strategy and portfolio for your needs with unbiased recommendations.

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90-Minute Speed Planning

Do you need financial guidance, but not a full investment strategy? Get answers with 90-minute speed planning.

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Free Financial Workshops

Our objective is to educate people on the basics of personal finance and demystify the financial planning process.

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Social Security strategy to maximize your benefits

Social Security Strategy - Doster Financial PlanningAs you approach retirement, you may wonder when you should start collecting your Social Security benefits. But you may not realize that there are ways to increase your retirement income by maximizing your Social Security benefits.

At Doster Financial Planning, we offer our San Diego clients a program tailor-made to help you get the most out of your benefits.

This program is best suited for soon-to-be retirees who have not started to take their Social Security and who are:

  • Married
  • Divorced after being married for at least 10 years
  • Widowed

If you started your Social Security within the last 12 months, you can pay back your benefits received to date and still take advantage of our strategies to increase your Social Security benefits.

Factors that can affect your Social Security check

You are probably aware that the age at which you begin receiving Social Security benefits has an impact on the size of your check. For example, you can begin to collect Social Security at age 62, but the full retirement age (FRA) ranges from 65 to 67 (depending on your year of birth). If you take Social Security before your FRA, your benefits will be reduced.

You may not realize that you can wait to collect until after your full retirement age and your benefits can increase. It’s true. The longer you wait, the more the amount rises.

There are also other strategies that can change the amount of your check, including:

  • Filing and suspending your benefits
  • Filing to restrict the scope of your benefit
  • Boosting the survivor’s benefit

Don’t worry if you don’t understand these concepts – CERTIFIED FINANCIAL PLANNER™ professional Steve Doster does. Using our Social Security strategy program, Steve will walk you through the details of them all and help you determine which course of action is best for you. Call (619) 688-1192 to learn more about this process.

Discover the strategy that works best for you

Keep the guesswork and assumptions out of your Social Security strategy. Contact San Diego-based Doster Financial Planning today to discover the best way to increase your retirement income through Social Security benefits.