Malleo Financial Services

Michael A. Malleo 

Phone: 201-321-7041

mike@malleofinancialservices.com

 

Terms of Notarial Acts:

Acknowledgement – Certifying that a signer personally appeared before the Notary, was identified by the Notary, and acknowledged freely signing a document.

 

Malleo Financial Services is a proud member of ALTA (American Land Title Association), the American Society of Notaries, and the National Notary Association (NNA). We're also a Fidelity National approved closer. 

 

FIDELITY APPROVED CLOSER
FIDELITY APPROVED CLOSER

 

*The opinions expressed on this website are strictly those of Malleo Financial Services, LLC and not those of ASH Brokerage Corp.., or any of our affiliates.

 

*Malleo Financial Services LLC cannot and

will not give any tax or legal advice.

 

Maximizing Social Security Income

 

Clark Griswold age 50, has owned and operated Griswold Vacations, a vacation travel agency for 20 years. He thinks his son, Rusty, will be ready to take over the business in about 10 years – which is ideal because Clark would like to retire early, at age 60. After looking into Social Security however, Clark realizes he could maximize his benefits if he waited to access them until normal retirement age, which for people born in 1960 and later is age 67. Clark wants to get the most he can from Social Security, but he also wants to enjoy the early retirement he’s worked and planned for.

 

The strategy of “Social Security Maximization”.

 

Clark decided to use a portion of his long-term savings to purchase a deferred Fixed Index Annuity (FIA).  With an FIA, Clark will have both a principal protection feature during the 10 years of accumulation before retirement, and a lifetime income payout benefit once he exercises the income option when he retires.  Clark can now retire at age 60 as planned, and can also delay receiving Social Security income until age 67 in order to receive its full benefit.

 

 

For a free consultation, please contact us for an appointment.

 *This blog is strictly the opinion of Michael A. Malleo and not those of

ASH Brokerage Corp., Quest Capital Strategies, Inc., nor any of our affiliates.

 

Malleo Financial Services LLC cannot and will not give any specific tax or legal advice.

Please consult your tax professional or legal professional for such advice.