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Salvatore Magaraci
prsync.com/salvatore-magaraci/retirement-planning-why-you-should-do-it-3687756/
Salvatore Magaraci
631-424-5767
Halesite,NY, 11743


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Retirement: why count on a professional to help you?
Retirement is a subject that raises many questions for United State taxpayers. With the various recent changes in legislation, there are many possibilities to apply for the benefit.

BriefingWire.com, 12/21/2022 - With so many points to analyze, the taxpayer can feel lost in the midst of so much information. However, there is a professional who can help in this important stage in the lives of United States.

A lawyer specializing in social security law will offer all the necessary support so that the taxpayer's rights are fulfilled. Did you know that, due to SSA calculation errors, there are cases in which the retiree may have lost a considerable amount of benefit?

In this text, we will present some important points in which the social security lawyer can assist you in the retirement process. Check it out right now!

Retirement planning

Perhaps one of the most sought-after services today is retirement planning. This type of planning can be done both for people who are close to retiring and for people who still need to contribute longer.

In retirement planning, the specialist will assist the taxpayer in advance, avoiding surprises when the benefit is requested.

In this way, even before fulfilling the requirements to retire, it will be possible to calculate, in a way that is very close to reality, the value of the benefit and which rules must be complied with.

Planning will also define the best time to apply for the benefit. Many people apply for their retirement early, leading to long-term financial losses.

With the help of the specialist, all contributions will be taken into account, such as the contribution in special time that can be converted into a contribution of common time, to add to the years collected by the taxpayer, the rural periods, military period, period worked in the abroad, student apprentice period and everything else that can be added to the contribution time.

In addition, several other aspects related to the retirement request will be taken into account, thus allowing a fair benefit in view of the payment made.

Calculation of monthly income for retirement

Speaking of retirement benefits, a point that is of great concern to taxpayers is the amount that will be paid by the SSA.

With the help of the specialist, it will be possible to calculate this income, called RMI (initial monthly income). Today, the current SSA rule for calculating the retirement amount is a simple arithmetic average of 80% of the highest contribution salaries, multiplied by the social security factor.

The social security factor is a major villain for most retirees, as it directly impacts the value of the benefit.

With the follow-up of the specialist, he will be able to verify if the insured already has enough time to obtain a benefit without a factor, or how long he still needs to wait to get the most advantageous benefit.

In addition, it is common for the SSA to make a mistake in calculating the retirement amount. Being accompanied by a social security lawyer guarantees that if the calculation is wrong, the specialist will file an appeal to correct it.

It is not uncommon for many retirees to be receiving less than they are entitled to. It is possible to recover this amount later, but the bureaucratic process ends up discouraging many people.

Counting the time of contribution to retirement

One of the most requested services here in our office is the counting of the contribution time for retirement.

This type of count takes into account several factors. Often the contributor contributed in more than one category, such as the special time count and the normal time count.

The special time count will occur in every function that poses a risk to

 
 
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