Created over 75 years ago, Social Security was originally designed to help senior citizens avoid poverty during the Great Depression. It was created as a self-financing program that would collect payroll taxes from workers which would immediately be paid out in benefits to retirees.
Millions of Americans depend on Social Security as their primary source of retirement income, but deciding when and how to take Social Security Benefits is confusing.
There are 7 different Social Security strategies, 81 age combinations, and other calculations to keep in mind so that people better understand what is ahead.
It’s important, for example, to know that Social Security Benefits are taxed based on the income one receives from investment accounts. Did you know that up to 85% of your Social Security Benefits can be taxed?
There is a way to avoid this, however.
This educational session will help you understand Social Security and how to maximize its benefits.