Social Security and Its Key Role in Your Retirement Strategy

Social Security is an important part of the financial security of millions of Americans. But how does Social Security fit into your overall financial plan for retirement?

In the following segment from their video guide to investment planning, Motley Fool director of investment planning Dan Caplinger talks with Fool markets/IP bureau chief Mike Klesta about how to incorporate Social Security into a personal financial plan. Dan notes that while many retirees rely almost entirely on Social Security, it's far better to have Social Security make up just a portion of your financial resources, with retirement accounts and other savings playing a key role as well. Yet even though MetLife  (NYSE: MET  ) , Prudential (NYSE: PRU  ) , and a host of other insurance companies offer annuities that provide some protection against running out of money, Social Security's most helpful attribute is that it provides lifelong income that never runs out. That makes Social Security a key aspect of your retirement security.

Are you getting everything you can from Social Security?
If you want to make sure that Social Security gives you all the benefits that you're entitled to receive, then we want to help. In our brand-new free report, "Make Social Security Work Harder for You," our retirement experts give their insight on making the key decisions that will help ensure a more comfortable retirement for you and your family. Click here to get your copy today.

Read/Post Comments (3) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 28, 2014, at 5:03 PM, stevegiles wrote:

    the motley fool needs to put a little substance into their articles

    This article follows the rest of their articles - short in substance and lacking in facts

  • Report this Comment On February 28, 2014, at 6:08 PM, greyhound44 wrote:

    There must have been 30 articles on Social Security and Retirement Planning this week alone.

    None was particularly meaningful.

    retired expatriate

  • Report this Comment On March 04, 2014, at 8:59 PM, SkepikI wrote:

    Video, no transcript. So I will not view it Dan. With rare exception, I have found MF videos lame. You are a better writer than most on this forum, WHY??? would you resort to the lazy road?

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Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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