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Amwell Ridge Wealth Management - Flemington, NJ

56 Main Street, Suite 2E, Flemington, NJ 08822

 

Social Security Planning - Overview

“The hope behind this statute is to save men and women from the rigors of the poorhouse, as well as from the haunting fear that such a lot awaits them when journey’s end is near.”

–  Justice Benjamin Cardozo in a 1937 Supreme Court ruling upholding the legality of the Social Security Act.

Our nation faces a serious retirement crisis. The shift away from defined benefit pensions in favor of defined contribution plans has deprived an entire generation of retirement security, made worse by insufficient savings, inappropriate investments, and volatile markets.  To add insult to injury, boomers, who counted on their home values as a backstop to their retirement plans, have suffered widespread value destruction there as well.

All of these factors reinforce the need for proper Social Security planning.  Because Social Security is a guaranteed, inflation-protected source of income in retirement, it is essential you understand how it works and how it fits into your future retirement income streams.

Take a moment to view this short video discussing some common points of consideration.

Video coming soon