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Can You Still Count on Social Security Benefits?

Ben Carlson wrote this article, which explains some common misconceptions about the Social Security program and answers questions about if people can still count on receiving retirement benefits.

WHY PURCHASING AN INCOME ANNUITY MAY NOT MAKE SENSE

Guaranteed income annuities (also known as immediate fixed annuities) are becoming increasingly popular as a result of recent stock market volatility.

ARE SOCIAL SECURITY BENEFITS TAXED?

Ever wondered if your Social Security benefit is subject to Federal tax? Well it depends on your annual household income.

SHOULD YOU DELAY TAKING SOCIAL SECURITY?

While taking withdrawals from your portfolio to cover your expenses while you maximize your Social Security payments is an attractive alternative to purchasing an income annuity from an insurance company, I wouldn’t recommend such action to everyone.