Did You Know?
When you turn 73, you must start taking the required minimum distributions (RMDs) from your retirement accounts. This can have significant tax implications, especially if you’re still earning wages. The additional income from RMDs can push you into a higher tax bracket and increase the portion of your Social Security benefits that are subject to taxes. Planning ahead for RMDs can help you manage these potential tax impacts more effectively.
Planning ahead for your Social Security benefits is an important part of the planning for your (RMDs). As a Registered Social Security Analyst® (RSSA), we can help make sure you get most of your Social Security benefits by running a personalized analysis for optimization of those benefits. Ninety-six (96) percent of people don’t optimize their benefits, so we want to help you be in the four (4) percent that do.
Optimizing Your Social Security Income
Claiming Social Security is a complicated and daunting task for most individuals. There are 2,728 rules which govern how benefits are determined and thousands of claiming strategies. We can help uncover the optimal claiming decision to ensure you receive every dollar that you have earned and are entitled to.
Retirement Concerns:
- Economic Uncertainty
- Healthcare Costs
- Market Volatility
- Unexpected Expenses
- Running Out of Money
Is it time to have a conversation about safe money retirement strategies? Schedule a call here.
