Social Security
Social Security is an incredibly important source of income in your retirement plan.
There is over $2 trillion in accumulated Social Security funds, but there is a real danger of Social Security running out of funds.
At Retirement Planning Resources, we have a software program designed to take the mystery out of when you should begin social security benefits. You do not have to make this critical decision alone and without the proper information. Let us help you navigate this critical choice with the correct facts. Not knowing is a horrible way to approach your retirement years and how your assets, including social security payments, will enable you to live your life the way you choose.
Who is eligible and what are the benefits?
Millions of Americans depend on Social Security. For many, it is their primary source of retirement income. For others, it is an important supplement to their comprehensive retirement plan. Regardless, it is a maze of rules and regulations. How you use your Social Security benefits can make a great deal of difference during your retirement. Retirement Planning Resources can help you create a plan for your future. You can call us at 720-536-4961 to set up an appointment.
Quick Facts
- You become eligible for Social Security by working in a Social Security covered job for at least 10 years.
- You will receive a predetermined amount of income based on your earnings history.
- This is guaranteed income so once you qualify, it is yours.
- In your retirement, this is lifetime income – it will never run out no matter what age you live to.
- This is also income that will be adjusted based on inflation and will increase each year.
- You can also qualify for survivor benefits which are benefits paid to spouses and dependents.
What Clients Are Saying
“I always thought I was saving enough for retirement, but I never had a real plan—just a bunch of accounts. Retirement Planning Resources helped me turn my savings into a structured strategy that ensures my money lasts as long as I do. Now, I finally feel confident about my financial future.”
“I spent my career working hard to provide for my family, but I had no idea if I was truly ready for retirement. The team at Retirement Planning Resources gave me a roadmap to maximize my retirement income, lower my taxes, and create a plan that lets me enjoy life without worrying about money.”
“I was shocked to learn how much I would owe in taxes when I retired. Retirement Planning Resources helped me restructure my income streams to be more tax-efficient, ensuring I get to keep more of what I worked for. Their strategies saved me thousands!”
“I always assumed my tax bill was just a part of life. I had no idea there were legitimate ways to reduce what I owed in retirement. Retirement Planning Resources showed me how to minimize taxes on my 401(k) withdrawals and Social Security. Now, I feel like I’ve unlocked ‘hidden money’ I didn’t even know I had!”
“I used to think that Social Security and my 401(k) would be enough to carry me through retirement, but I didn’t realize how quickly taxes and inflation would eat away at my savings. Thanks to Retirement Planning Resources, I now have a plan that protects my income, grows my wealth, and ensures I’ll never run out of money.”
“I wanted to retire early but wasn’t sure if I had enough. The team at Retirement Planning Resources ran a full analysis of my financial situation and helped me structure my retirement accounts in a way that let me retire years ahead of schedule. I never thought it was possible, but they made it happen.”
“I thought retirement meant slowing down, but for me, it meant finally having the time to travel! Retirement Planning Resources made sure I had a steady, tax-efficient income stream so I could afford to visit all the places I dreamed of—without worrying about finances.”
“After watching my parents struggle financially in retirement, I wanted to make sure I never faced the same situation. The team at Retirement Planning Resources walked me through every step of a comprehensive retirement plan, showing me how to maximize my investments, minimize taxes, and secure my future.”
“I had a million-dollar retirement portfolio, but I had no idea how to turn it into reliable income. Retirement Planning Resources showed me exactly how to withdraw my money in the most tax-efficient way, so I could enjoy my retirement stress-free.”
“I never wanted to outlive my savings. Retirement Planning Resources helped me create a plan that ensures my money lasts as long as I do, giving me peace of mind that I’ll never be a financial burden to my children.”