Social Security

After the financial crisis of 2008, many retirees 401(k)s and retirement savings took a hit. Because of this, Social Security is a crucial part of retirement savings for many baby boomers today. In order to help plan for retirement, we look holistically at your income from your retirement accounts and your Social Security income.

Social Security Taxation

Based on your provisional income, your Social Security can be taxed up to 85%. That’s a lot of income! Plus, if retirees choose to make up for the Social Security income loss by taking out more from their retirement accounts, they’re subject to additional taxes.

We help you figure out when the ideal time to file for Social Security is based on your individual situation. By working with your team, we can help reduce taxation on your Social Security, look at spousal benefits, and consider other forms of income to help supplement your Social Security income.