To factor Social Security into your retirement plan, you should know how you can enhance your benefits and how much income you may need from other sources to be financially comfortable during retirement — especially if a portion of your benefits is subject to taxation.
How Social Security Works
The basic concept of Social Security is that during their working years, all employees, employers and self-employed individuals pay Social Security taxes, which are used to finance the program.
In general, every employer and employee is subject to the Social Security tax. This tax really consists of two taxes: old age, survivor and disability insurance (OASDI), and Medicare health insurance.*
Please call the Zahler Hanzlik DeLucas Wealth Management Group at (303) 850-7900 to learn more about the various Social Security impacts and strategies.
Click here for a brochure with more information on this topic.
Click here for our report, Frequently Asked Questions about today's Social Security cliaming strategies.
* For additional information about Medicare, ask us for a complimentary copy of our Medicare report.