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Column: Tips on maximizing Social Security

Social Security is often one of the most overlooked aspects of proper retirement income planning. Here are some specific rules to keep in mind as you start factoring your Social Security benefits into your retirement planning. You contribute 6.2 percent of your income. Workers pay 6.2 percent of their earnings into the Social Security system, up to $117,000 in 2014. Employers pay a matching 6.2 percent for each worker. Self-employed workers must contribute 12.4 percent of their income annually. Read more…

 

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

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