The Role of Social Security in Your Ohio Retirement Plan
Welcome to our blog from the professional team at Lakehouse Family Wealth. In this article, you’ll find information about the pivotal role that Social Security plays when considering retirement planning in Ohio.
Why Lakehouse Family Wealth?
Before we dive into the significance of Social Security in your retirement plan, let's briefly discuss why Lakehouse Family Wealth is your ideal partner for financial success.
Our firm's mission is to further your family's financial goals, promote quality family time, and foster a foundation for financial education that lasts for generations.
We offer a range of services, including:
- Retirement planning
- Charitable contribution strategies
- Income planning
- And more, all tailored to your unique needs
Understanding Social Security & Retirement Planning in Ohio
Social Security is a federal program that contributes essential retirement income for many Americans. However, in Ohio, its importance is magnified due to the unique financial landscape.
Below we’ve outlined why Social Security is a critical component of your Ohio retirement plan:
- Supplementing Retirement Income: Social Security serves as a reliable source of income during retirement. Lakehouse Family Wealth integrates your Social Security benefits into a comprehensive retirement plan, considering how Social Security can complement other income sources like pensions and savings.
- Navigating Ohio's Financial Landscape: Ohio retirees face specific financial challenges, such as changing tax regulations, healthcare costs, and inflation rates. Our expert advisors are well-versed in Ohio's financial environment and will help you leverage Social Security benefits effectively within this context.
- Maximizing Benefits: Our team assists you in optimizing your Social Security benefits by determining the best age to start claiming, ensuring you receive the maximum amount throughout your retirement.
- Mitigating Longevity Risk: Ohio retirees face the uncertainty of how long their savings need to last. Social Security acts as a safety net, reducing the risk of outliving your savings. We incorporate this safeguard into your retirement plan.
- Estate Planning: Social Security benefits can also be a part of your estate planning strategy. Lakehouse Family Wealth helps you explore options for passing on benefits to loved ones, ensuring your legacy benefits future generations.
Unlock Your Financial Freedom With Lakehouse Family Wealth
Social Security plays a pivotal role in any Ohio retirement plan, and Lakehouse Family Wealth is here to guide you through the process.
As a premier Ohio wealth management firm, we possess the expertise and unwavering commitment to elevate your financial success and help safeguard your retirement.
Together we can craft a tailored retirement strategy that optimizes Social Security benefits and aligns with your distinct financial objectives.
Contact Lakehouse Family Wealth today to embark on a path toward a secure and prosperous retirement. Your financial future in Ohio starts with us.
The Lakehouse Family Wealth Blog
All Rights Reserved | Lakehouse Family Wealth, LLC.
Lakehouse Family Wealth is a division of and trade name of Lakehouse Family Wealth, LLC. , an independent financial services office located in Concord Twp., Ohio. All Rights Reserved.
Check out my background on FINRA’s BrokerCheck: https://brokercheck.finra.org/
Benjamin A. Simerly, CFP® is a Registered Representative. Securities offered through Cambridge Investment Research, Inc. a Broker/Dealer, Member
FINRA
/
SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Lakehouse Family Wealth is not affiliated with Cambridge. Cambridge does not offer tax or legal advice. Fixed insurance services, if requested by a client or prospect (though we don't generally like them) are offered through Lakehouse Family Wealth , llc.
Office of Supervisory Jurisdiction located at: 1776 Pleasant Plain Road, Fairfield, IA 52556
Fidelity Investments and National Financial Services LLC (together "Fidelity") is an independent company unaffiliated with Cambridge or Lakehouse Family Wealth, LLC. Fidelity is a service provider to both. There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity, nor is such a relationship created or implied by the preparation of the content or information herein. Fidelity is a registered service mark of FMR LLC. Fidelity Institutional® provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services, LLC members NYSE, SIPC.
Please be advised that, presently, Benjamin A. Simerly, CFP® holds Series 7 and 66 licenses OH, CA., DC, IL, MD, and SC. For residents of other states in which registration is not held, proper licenses and registrations must be obtained by Benjamin A. Simerly, CFP® before proceeding further.
Cambridge’s Form CRS (Customer Relationship Summary)
A full list of disclosures can be found
here.
All Rights Reserved | Lakehouse Family Wealth, LLC.
Lakehouse Family Wealth is a division of and trade name of Lakehouse Family Wealth, LLC. , an independent financial services office located in Concord Twp., Ohio. All Rights Reserved.
Benjamin A. Simerly is a Registered Representative. Securities offered through Cambridge Investment Research, Inc. a Broker/Dealer, Member
FINRA
/
SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Lakehouse Family Wealth is not affiliated with Cambridge. Cambridge does not offer tax or legal advice. Fixed insurance services, if requested by a client or prospect (though we don't generally like them) are offered through Lakehouse Family Wealth , llc.
Office of Supervisory Jurisdiction located at: 1776 Pleasant Plain Road, Fairfield, IA 52556
Please be advised that, presently, Benjamin A. Simerly holds Series 7 and 66 licenses OH, CA., IL, MD, and DC. For residents of other states in which registration is not held, proper licenses and registrations must be obtained by Benjamin A. Simerly before proceeding further.
Cambridge’s Form CRS (Customer Relationship Summary)
A full list of disclosures can be found
here.
All Rights Reserved | Lakehouse Family Wealth, LLC.
Lakehouse Family Wealth is a division of and trade name of Lakehouse Family Wealth, LLC. , an independent financial services office located in Concord Twp., Ohio. All Rights Reserved.
Benjamin A. Simerly is a Registered Representative. Securities offered through Cambridge Investment Research, Inc. a Broker/Dealer, Member
FINRA
/
SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Lakehouse Family Wealth is not affiliated with Cambridge. Cambridge does not offer tax or legal advice. Fixed insurance services, if requested by a client or prospect (though we don't generally like them) are offered through Lakehouse Family Wealth , llc.
Office of Supervisory Jurisdiction located at: 1776 Pleasant Plain Road, Fairfield, IA 52556
Please be advised that, presently, Benjamin A. Simerly holds Series 7 and 66 licenses OH, CA., IL, MD, and DC. For residents of other states in which registration is not held, proper licenses and registrations must be obtained by Benjamin A. Simerly before proceeding further.
Cambridge’s Form CRS (Customer Relationship Summary)
A full list of disclosures can be found
here.