Social Security Archives - Paces Ferry Wealth Advisors

WHAT You Need to Know About RESTRICTED STOCK UNITS EXPLAINED!

Written by Zachary Morris, CFP® on January 29, 2025.

Learn the essentials of restricted stock units management, including taxation, vesting schedules, and strategies to sell or hold your shares effectively.

Restricted stock units (RSUs) are a common form of compensation offered by employers, especially publicly traded companies. If you’re receiving RSUs as part of your compensation, understanding how they work and how they affect your financial plan is crucial. From taxation to vesting schedules, RSUs come with a unique set of considerations that can influence both your income and investment strategy.

This article breaks down everything you need to know about RSUs, including key terms, tax implications, and strategies for managing this type of compensation effectively.

Maximize Your Social Security Benefit – Explained

Written by Zachary Morris, CFP® on January 16, 2025.

Explore Social Security benefits planning, including eligibility, spousal benefits, and strategies to decide when to file for maximum impact.

Are you starting to receive notices about Social Security and wondering when to file or how much you’ll actually receive? Social Security is a cornerstone of retirement income, but navigating its complexities can be challenging. From understanding how your benefits are calculated to deciding the best time to claim, making informed decisions is essential to maximize what you receive.

This article breaks down everything you need to know about Social Security, including qualification requirements, benefit calculations, key terms, spousal and survivor benefits, and important considerations for filing based on your circumstances.

Savvy Strategies to Help Maximize Your Social Security Benefits

Written by Zachary Morris, CFP® on August 7, 2023.

Discover essential strategies to help maximize your Social Security benefits and strengthen your retirement.

Tips to Help Make the Most of Your Benefits and Boost Your Retirement Income

Did you know that, when Social Security was introduced in 1935, it was never meant to serve as a primary source of income in retirement? Rather, it was meant as a safety net for retirees who were lacking sufficient savings. However, in today’s economic landscape, attitudes around Social Security have dramatically changed and too many retirees are overly reliant on these benefits. In fact, Social Security benefits this year represented around 30% of retirees’ income. As you consider your own retirement income plan, remember that you’ll likely need more than one source of income. However, we believe it’s also critical to have a strategy for maximizing your Social Security benefits, and that’s what we’re discussing in this article.

Social Security Taxes Will Rise Higher than Benefits in 2021: Are You Prepared?

Written by Jeff Diamond on December 2, 2020.

Learn How These Changes Will Impact Your Financial Security

Each year, the Social Security Administration announces important numbers that impact both workers and retirees. In October, new wage base and benefit information for 2021 was released and it means a significantly larger tax bill for nearly 12 million high-earning workers. Why? Let’s dig into the numbers for both taxes and benefits below.