To factor Social Security into your retirement plan, you should know how you can enhance your benefits and how much income you may need from other sources to be financially comfortable during retirement - especially if a portion of your benefits is subject to taxation. Developing a plan with an understanding of how to optimize your Social Security may make retirement easier and more comfortable. This whitepaper will address four important changes to social security implemented in 2018, and aims to better inform you on the ins and outs of your potential benefits.
Check with your financial professional for advice on structuring a portfolio that lets you keep as much of your Social Security benefits and other income as possible. Your financial professional can work with you and your tax advisor to tailor an investment program to help meet your retirement needs.