Social Security can be a very important component of your retirement plan. Determining when to begin taking your Social Security, the amount you receive and your personal savings and investments will determine the income you will have available when you retire. A good retirement planner can save you thousands of dollars.
Insurance Advisor, Lordship Insurance Services, California
Hopefully, it will not fit in too much. Each year we hear about Social Security drying up as people are living longer and drawing benefits longer. Keep in mind that Social Security will not affect what you get from your pension, profit sharing, savings and other assets you have to draw from upon your retirement. Its just that the benefits are drawing up for people like you and me who will be retiring in the future.
You should contact the Social Security office and get a printout of what you anticipated benefits will be so that you can budget. This will help you better plan your retirement.
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You should contact the Social Security office and get a printout of what you anticipated benefits will be so that you can budget. This will help you better plan your retirement.