Fisher Investments Answers: What is Social Security?

In this video you’ll learn about Social Security, a central component of the American retirement system. Social Security includes a number of programs managed by the Social Security Administration. Social Security is based on collecting taxes from current workers and paying a percentage of the proceeds out to individuals who are currently eligible for benefits. It can be an excellent source of additional cash flow in retirement, but the payments will likely not cover all of your income needs as the program was designed to alleviate poverty among the elderly. Remember Social Security is likely just one part of your overall retirement strategy, but understanding how it works can help you plan for a comfortable retirement and avoid surprises. For more information on Social Security and how it may factor into your retirement planning, you can watch others in our “Maximizing Social Security Video Series.” Topics include: • How Does Social Security Work? • Estimating Your Social Security Benefit • Options for When to Start Taking Social Security • How to Decide When to Start Taking Social Security? Connect with us on: Facebook -   / fisherinvestments   Twitter -   / fisherinvest   LinkedIn -   / fisher-investments