10 Social Security Rules Everyone Should Know

In the 22nd episode of the Retirement Explained show, we’re talking about one of the most important aspects of planning for retirement; your Social Security benefit. Sounds like a dry subject, but it’s on many of our clients minds because it’s a nuanced program with lots of rules that can be confusing and it’s really really important to the ability for most American to be able to retire.

In the episode, we discuss how the program is funded with payroll taxes for those that are working, how much of your income is able to be taxed (good news is there’s a ceiling on how much of your income can be taxed for Social Security), how your benefit is calculated based on how many years you work, the average benefit that people get nationwide, how your benefit can change depending on what age you take your benefit, and much more!

-Brian