Skip to main content

Tag: social security

Savvy Strategies to Help Maximize Your Social Security Benefits

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.

Continue reading

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

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.

Continue reading