social security

  • Empower Your Future

Empower Your Future

2025-03-26T09:04:31-05:00August 23, 2018|Categories: Resource Center|Tags: , , , |

Empower Your Future

Empower Your Future

Today, fewer than 1 in 4 employees have a pension – and that number is falling. Social security is changing too, as the retirement age to receive full benefits rises. Younger generations can no longer rely only on the system for retirement savings. It’s up to you to provide for yourself, and to prepare to do so sooner rather than later.

From a young age, we learn the importance of saving and investing for the future. Without a solid plan, our goals may never be realized. Today, this message is more important than ever. Responsibility for retirement savings has shifted from employers to employees. A generation ago, 84% of retirees had income from employer pension plans. Today, fewer than one in four employees have a pension, and Social Security is providing less support.

Millennials can no longer rely on the system for financial security. Two-thirds of millennials …

  • The Top Social Security Facts Retirees Must Know

The Top Social Security Facts Retirees Must Know

2025-03-26T10:31:59-05:00May 26, 2017|Categories: Resource Center|Tags: , |

The Top Social Security Facts Retirees Must Know

The Top Social Security Facts Retirees Must Know 

Social Security provides guaranteed income in retirement. To make the most of it, it’s important to understand when to claim your benefits. Claiming too early reduces your benefits, but waiting until your full retirement age or even age 70 increases them. This strategy can significantly boost your lifetime income.

Changes to Social Security rules in 2015 removed some claiming strategies. Now, you cannot choose between your personal and spousal benefits if you file after 2016. These changes make planning even more important to maximize your benefits.

Social Security is often a key part of retirement income. It’s crucial to carefully consider your options and speak with a professional. At CTS Financial, we can guide you in making the best choices for your situation.

At CTS Financial, we have compiled a tip sheet, The Top Social Security Facts Retirees …

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