Video

How well do you know Social Security?

Decisions you make now can have an impact down the road

Download transcript(PDF, 263 KB)

Although you can’t control how your Social Security benefits are calculated, it’s important to understand what to expect from the program and how it fits into your overall financial picture.

Key Takeaways:

  • One of Social Security’s main objectives is to provide retirement support for Americans who pay into the system during their working years.
  • The amount of your benefits may be affected by a range of factors, including your level of earnings and marital status.
  • One key decision to make is when to start receiving benefits, as the amount you receive increases from age 62 to 70.
  • Social Security is intended to be one piece of your retirement planning puzzle but not the whole picture.

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