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Social Security Planning is a type of pension planning that helps individuals and families plan for their retirement. It involves assessing the individual's current financial situation, understanding their retirement goals, and developing a plan to help them achieve those goals. This plan typically includes strategies for maximizing Social Security benefits, such as when to begin taking benefits, how to coordinate benefits with other retirement income sources, and how to maximize spousal benefits. It also includes strategies for managing taxes, estate planning, and other financial considerations.
Social Security Planning is an important part of retirement planning, as Social Security benefits are a significant source of income for many retirees. It is important to understand the rules and regulations surrounding Social Security benefits in order to maximize the benefits available.
Some companies in the Social Security Planning market include Financial Engines, Social Security Solutions, and Social Security Timing. Show Less Read more
