As retirement approaches, one of the most consequential financial decisions you’ll face is when to start your Social Security benefits. While you can begin as early as age 62, this choice has a permanent impact on the amount of income you and your spouse will receive for the rest of your lives.
For years, employees aged 50 and older have had the option to make additional “catch-up” contributions on a pre-tax basis, providing a valuable tax deduction in their peak earning years. That changes January 1, 2026.
After a career of building success, the last thing you want is for income taxes to erode your retirement savings. For executives and business leaders in Southwest Michigan, proper tax planning isn’t just an option—it’s a crucial part of a smart retirement strategy.
As retirement approaches, one of the most consequential financial decisions you’ll face is when to start your Social Security benefits. While you can begin as early as age 62, this choice has a permanent impact on the amount of income you and your spouse will receive for the rest of your lives. The key is understanding the financial trade-offs at every age, and being aware of the latest rules and projections, which we’ve updated for 2026.
Southwest Michigan Financial, LLC
4341 S Westnedge Ave, Ste. 1201
Kalamazoo, MI 49008
Phone: (269) 323-7964
Southwest Michigan Financial, LLC
830 W Michigan Ave
Marshall, MI 49068
Phone: (269) 323-7964
