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How Your Pension May Reduce Your Social Security Benefits- Season 6: Episode 11

So let’s say your idea is to take your Social Security early, maybe age 62 or 63, and then wait until age 65 to begin your pension benefits.  You know what both your Social Security and pension payments will be, and so you set up your budget and your lifestyle accordingly.

But then you find out, maybe too late, that your Social Security payments have been reduced — or even eliminated — once those pension benefits kick in.  All of your careful planning has been cast overboard, and now you have to wing it.

That scenario can happen to those who aren’t aware of the rules regarding Social Security benefits and certain pension payments.  Find out more about what to expect, and how to deal with it, from podcast host Johnny Dean and his guest, “Professor” Rick Plum, CFP® on this week’s episode of Managing Your Financial Future!

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

No client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from Lucia Capital Group or from any other investment professional.

The information provided is based on current laws, which are subject to change at any time. Lucia Capital Group is not affiliated with or endorsed by the Social Security Administration or any government agency.

Social Security rules can be complex. For more information about Social Security benefits, visit the SSA website at www.ssa.gov, or call (800) 772-1213 to speak with an SSA representative.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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