Retirement Income Planning
Planning for retirement can be a very challenging undertaking. The days of relying solely on your pension and Social Security benefit to satisfy your income needs during retirement are long gone. In today’s economic climate, historically low interest rates coupled with high market volatility rates have made planning for retirement difficult and more important than ever.
One of the most difficult aspects of retirement planning is the mental shift it requires. Prior to retirement, your financial life was dictated by an earning and saving paradigm. Once you retire, however, you will no longer be earning a paycheck which means you will need to generate an income through other sources.
A crucial first step toward helping ensure adequate funding throughout your retirement is understanding that having retirement savings is not the same thing as having retirement income. Saving for retirement is what you have spent most of your working life doing, but now is the time to begin using those savings to create the retirement income you’ll need. This can represent both an incredible investment and mental challenge and is a process made much easier by enlisting our objective services.
For many retirees, Social Security benefits form the foundation of their retirement income. In order to make sure you get the most out of your benefits, you should have a solid grasp on this complex matter. We want to make sure you make the most beneficial retirement income decisions available for you.
We will help you maximize your Social Security by answering the following 5 Important Social Security Questions You Should Know.
- What is your Social Security amount?
- When is the best time to start taking your Social Security benefit?
- Are there different options if you are married?
- Does earning additional income while you are on Social Security impact the value of your benefit?
- Do you pay tax on your Social Security benefit?
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 many Americans are familiar with the basics of Social Security, very few can figure out – on their own – exactly the best way to file so they can get the most out of all they have put in.
At Fleetwood Benefit Services, Inc. we help our clients understand their Social Security benefits and educate them on how they can maximize their retirement income. Delaying filing for Social Security can potentially increase your benefit amount each year you wait. *
You’ve spent your life working hard for your money and now is the time to let us help.
