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Social Security Income Maximization Tactics

Client Centered

After years of working hard, retirement is a time to kick back and enjoy the fruits of your labor, which also includes your future Social Security checks! Over the course of your career, you’ve been supporting others through your own contributions and when the time comes, you deserve to get the most out of your due benefits. With some analysis and a good deal of planning, our team of advisors will make sure that you’re financially prepared to enter the golden years of your life!



What are Social Security benefits?

Social Security, formally known as Old-Age, Survivors, and Disability Insurance (OASDI), was designed as a federal benefits program to act as a partial replacement of income in certain circumstances. Payments are made to qualifying retired adults and people with disabilities, as well as their spouses, children, and survivors. Many people make tax contributions to the Social Security funds during their working years; in turn, those working years are generally what will help you qualify for and receive a larger portion of benefits. At the least, you will need 40 credits (10 years of work) to qualify for benefits. Your distribution is determined by your income history, the year you were born, and the age when you will begin receiving Social Security payments.



Are my social security checks taxable?

Possibly, depending on your tax filing status and combined income, which consists of your adjusted gross income (AGI), tax-exempt interest income, and half of your Social Security benefits. However, according to the Social Security Administration, you will not have to pay taxes on more than 85% of your Social Security benefits. Our team will work with you to determine if your benefits will be taxed and if so, how we can plan ahead for it. 



What factors will be considered in my personalized plan to maximize Social Security benefits?

Together, we’ll carefully go through aspects such as…

  • Your current income and future projected income 
  • Length of work history
  • Highest-earning years to date 
  • How long you’d like to continue working
  • When you’d like to start receiving benefits