How Does Social Security Fit Into Your Retirement Income Strategy?

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August 14 is Social Security Day. Since it was enacted on Aug. 14, 1935, Social Security has helped millions of Americans retire with some financial support. How can you best use Social Security as part of your retirement income strategy?

For starters, think about timing. You can begin collecting Social Security as early as 62, but your benefits will increase if you wait until your full retirement age, at 66 or 67. And you’ll get even larger payments if you wait until 70.

Also, be aware that Social Security will probably only replace slightly more than a third of your pre-retirement income. So, while you’re working, contribute as much as you can afford to your employer-sponsored retirement plan and IRA.

Finally, keep in mind that all Social Security filing strategies should be based on your specific needs and health considerations. For more information, visit the Social Security Administration website at The more you know about your options, the better prepared you’ll be.

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Dylan Hales
I'm a native North Carolinian, who grew up in the eastern part of the state. My folks exhibited and instilled many of the values that I still hold close to today. I had the opportunity to earn a bachelors from NC State, which is where I met my wife. We married shortly after she graduated in 2016. She grew up in this area, so we moved back to the Wesley Chapel area so we could be close to her family. Folks here have been more than welcoming and have made it feel just like home (minus the eastern NC BBQ).

People often ask what I like to do when I'm not at the office. That mostly depends on what time of year it is. During the spring and summer I like to work on my garden. During the fall and winter I love keeping up with NC State football and basketball. We also have two rescue dogs who like to explore the state with us.

Since I've been in Wesley Chapel, I've noticed that most folks just like me. We're all from somewhere and we've all come here following the things we love. I want to understand what those things are for you, and help get you there.