Financial Manager Nils Larsen, from California, offers professional insight into Social Security planning.
Based in California, and a licensed financial advisor for more than 20 years, Nils Larsen offers an expert insight into the process of social security planning and why it is so important.
“Social Security planning, for many people,” explains Larsen, speaking from his office in California, “is about maximizing Social Security benefits for their household.”
In the U.S., Social Security refers to the federal Old-Age, Survivors, and Disability Insurance program, administered by the Social Security Administration. The program, says Nils Larsen, encompasses several social insurance and social welfare programs. “Social Security can provide you with benefits when you retire or if you become disabled,” he reveals, “and your spouse, and other eligible members of your family, with benefits when you die.”
According to Nils Larsen manager, preparing for future eventualities can be among the most challenging aspects of income planning that a person will face in their lifetime. “Maintaining a particular lifestyle, for example, into retirement is often of the very greatest importance to the majority of people,” he suggests, “yet, adequately preparing for this is, or can be, a considerable challenge.”
“This is why properly understanding the Social Security planning process is so important,” says Nils Larsen, a seasoned financial advisor now with more than two decades of experience.
A California native Nils Larsen employs an education-first discovery process, he says, in Social Security planning, to pinpoint clients’ retirement goals. For greater peace of mind still, it’s also important to consider the possibility of becoming disabled, as well as what happens when you die, when addressing Social Security planning, according to the expert.
“We know, in life, to expect the unexpected, so why,” he adds, wrapping up, “not plan for it today rather than waiting until tomorrow?”
Nils Larsen has been a licensed financial advisor for more than two decades. As a top ‘safe money’ specialist, Nils Larsen focuses on retirement planning and educating individuals on helping to protect, preserve, and pass on their wealth. Nils Larsen utilizes his own experiences as a longtime financial professional and uses illustrations of real-life scenarios in order to make the topic as easy to understand as possible for those he serves to help protect, preserve, and pass on their financial legacies.