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Social Security Planning

As advisors, one of the biggest mistakes we often see is underestimating the lifetime value of Social Security. At a time when private pensions disappear, interest rates float at historic lows and people are living longer, a more reliable income stream has become a critical component of one’s overall income plan. When working with our clients, we help them understand the value of their Social Security benefits over the course of their lifetime. With our help, couples may be able to discover how that can increase their lifetime benefits.  

Another critical component is managing all of your other taxable incomes such as part time wages, pensions, IRA distributions.  Other forms of income can affect the amount of taxes on your Social Security benefit.  

We have the experience and knowledge to help advice you on ways to reduce the tax bracket you fall into throughout your retirement years. To better understand these ideas please contact us for a free no obligation Social Security analysis. Remember, those who understand how to evaluate their choices and optimize their decisions can potentially enjoy a more secure retirement.

LPL Financial representatives do not offer tax or legal advice or services. We suggest that you discuss your specific situation with a qualified tax or legal advisor.