Social Security, on average, accounts for 64.8% of total household income for those in retirement. In order to make sure you get the most out of your benefits, you should have a solid grasp on this complex matter.
Your Social Security retirement benefit represents a lifetime’s worth of savings, time and work, and is most likely your oldest and largest retirement account. Although most Americans are familiar with the basics of Social Security, very few are able to figure out how to get the most out of all they have put in. Many are also unfamiliar with how Social Security is taxed and why that should be a key consideration when developing a plan.
We will help you understand your Social Security benefits and show you how to maximize your benefits and minimize their taxes. Check out this article to learn more about receiving Social Security benefits.