Income Timing Strategies: Using Annuities to Delay Social Security

For clients who plan to stop working before age 70, one question always arises: “How do I maintain an income without reducing my Social Security benefits?”

Early filing leads to lower monthly payments for life, while waiting until 70 can result in significantly higher income. Yet many Americans don’t know how to fund that gap, or that it’s even worth considering. As a financial professional, you can change the conversation and introduce strategies that build confidence in the years before benefits begin.

Key takeaways

1. 1. Delaying Social Security can significantly boost monthly income, but it takes preparation to bridge the gap.
   2. SPIAs and MYGAs offer customizable, fixed-income options that help reduce early withdrawals and support higher long-term benefits.
   3. With the proper structure, annuities can anchor a retirement income plan while preserving flexibility and asset longevity.