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.