Nonprofit Blog

Retirees and those working hard to get there all face three major threats to a financial well-being in their golden years: inflation, investment risk and outliving their money. Luckily, most working Americans will be covered by an excellent tool for combatting all three threats: Social Security. Retirement benefits from Social Security provide guaranteed income that continues for life and increases each year as the costs of living increase. This protection makes it one of the most valuable sources of income in retirement, but still requires careful planning to properly implement and realize to its fullest potential. With 2,728 rules governing benefits in the Social Security Handbook, there is significant complexity involved with when and how to take retirement benefits, but also significant opportunity for creative careful planning.