Individuals have many questions about their Social Security benefits and are often unaware of the issues or considerations that may affect their retirement outcome. As you probably already know, Social Security can involve complex rules. As such, committing to a plan or decision without knowing the full scope of your actions can cause you to lose out on money.
When it comes to Social Security and Retirement Planning, there are two very important, and seemingly contradictory, ideas:
- You shouldn’t rely solely on Social Security for retirement income; but
- Social Security is an asset and should be managed as such.